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.
08.04.2021
Brent quotations are consolidating between the low of 60.46 and 50.0% (65.76), Dow Jones keeps growing to the post-correctional extension area of 138.2-161.8%.
07.04.2021
The correctional growth of GBPUSD is coming to an end, the quotations will head for 38.2% again; A wave of growth in EURJPY is attacking the high.
06.04.2021
EURUSD is starting a pullback upon testing 38.2% Fibo, USDJPY has failed to rise to the high of 111.71.
05.04.2021
Gold quotations have tested the low of 1676.78 and bounced off, USDCHF is still heading for 50.0% fibo at 0.9496.
02.04.2021
After failing to reach 50.0% fibo on the second try, AUDUSD is starting a new pullback; in the case of USDCAD, the correctional uptrend has transformed into a new decline.
01.04.2021
Brent is slowing down its decline above 23.6% fibo (58.00); in the case of Dow Jones, after updating the high by 20 pips, the price may fall soon.
31.03.2021
After finishing a slight pullback, GBPUSD is falling towards 38.2% fibo again; in the case of EURJPY, the price is heading towards the high but “bears” aren’t giving up.
30.03.2021
EURUSD continues falling slowly, while USDJPY is resuming its growth after finishing a slow correction.