Fibonacci Retracements Analysis
Fibonacci retracements are actively used by investors, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
20.04.2021
Fibonacci Retracements Analysis 20.04.2021 (EURUSD, USDJPY)
It seems like EURUSD is forming a wave to the upside to update the high, while USDJPY continues trading within the downtrend towards 38.2% fibo.
19.04.2021
Fibonacci Retracements Analysis 19.04.2021 (GOLD, USDCHF)
XAUUSD is steadily rising, while USDCHF is falling to reach 50.0% fibo at 0.9116.
16.04.2021
Fibonacci Retracements Analysis 16.04.2021 (AUDUSD, USDCAD)
A new rising impulse in AUDUSD may transform into a proper wave towards the long-term target at 0.8292; in the case of USDCAD, the correctional downtrend continues.
15.04.2021
Fibonacci Retracements Analysis 15.04.2021 (Brent, Dow Jones)
Brent is growing again and may soon update the high; in the case of Dow Jones, the price continues growing towards the post-correctional extension area between 138.2% and 161.8% fibo but not as fast as before.
14.04.2021
Fibonacci Retracements Analysis 14.04.2021 (GBPUSD, EURJPY)
After testing 38.2% fibo, GBPUSD may start moving sideways; in the case of EURJPY, the price is trying to break its previous high.
13.04.2021
Fibonacci Retracements Analysis 13.04.2021 (EURUSD, USDJPY)
The correctional uptrend in EURUSD may continue up to 1.2037, while USDJPY is expected to attack the high again after finishing the pullback towards 23.6% fibo.
12.04.2021
Fibonacci Retracements Analysis 12.04.2021 (GOLD, USDCHF)
XAUUSD has re-tested 23.6% fibo, while USDCHF is falling to reach 50.0% fibo at 0.9172 after a divergence.
09.04.2021
Fibonacci Retracement Analysis 09.04.2021 (AUDUSD, USDCAD)
AUDUSD seems to finish pulling back, and the quotations might drop to 50.0% Fibo; USDCAD might show a strong impulse of growth.