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.
29.03.2021
XAUUSD is stuck inside the consolidation range, while USDCHF is growing to reach 50.0% fibo at 0.9496.
26.03.2021
AUDUSD has failed to reach 0.7500 and may rise again; in the case of USDCAD, the correctional uptrend may soon transform into a new decline.
25.03.2021
Brent is slowly falling and correcting its previous rising wave; in the case of Dow Jones, the price is slowing down its growth but it’s too early for another correction.
24.03.2021
GBPUSD is falling towards 38.2% fibo; in the case of EURJPY, after failing to break the post-correctional extension area to the upside, the price has started a new decline.
23.03.2021
EURUSD is waiting for the right moment to fall; in the case of USDJPY, the uptrend transformed into a slow correction.
22.03.2021
XAUUSD is about to complete the pullback and may later fall towards 50.0% fibo; in the case of USDCHF, the current correction may fall deeper.
19.03.2021
AUDUSD is about to start another descending wave to reach 0.7500, while USDCAD is expected to continue falling but only after a short-term pullback.
18.03.2021
Brent slowed down its uptrend in favor of a short-term correction, while the DAX30 continues updating its highs one after another.