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.
17.03.2021
Fibonacci Retracements Analysis 17.03.2021 (GBPUSD, EURJPY)
GBPUSD is testing 23.6% fibo before starting another decline, while EURJPY is trying to break the post-correctional extension area to the upside.
16.03.2021
Fibonacci Retracements Analysis 16.03.2021 (EURUSD, USDJPY)
EURUSD may soon complete the pullback and resume its “bearish” phase towards 38.2% fibo; in the case of USDJPY, the uptrend is slowing down and may be followed by a new correction.
15.03.2021
Fibonacci Retracements Analysis 15.03.2021 (GOLD, USDCHF)
After failing to reach 50.0% fibo, XAUUSD is starting a new pullback; in the case of USDCHF, the rising wave has tested 38.2% fibo but the price is now correcting to the downside.
12.03.2021
Fibonacci Retracements Analysis 12.03.2021 (AUDUSD, USDCAD)
The pullback in AUDUSD is about to complete and the next descending wave may push the price down to 61.8% fibo; in the case of USDCAD, the price is preparing for a strong impulse to the upside.
11.03.2021
Fibonacci Retracements Analysis 11.03.2021 (Brent, Dow Jones)
The uptrend in Brent is stable but the asset may reverse at any moment; in the case of the Dow Jones index, the price is updating its highs one after another.
10.03.2021
Fibonacci Retracements Analysis 10.03.2021 (GBPUSD, EURJPY)
GBPUSD has stopped its decline in favor of a new short-term correction, while EURJPY is forming a Triangle correctional pattern.
09.03.2021
Fibonacci Retracements Analysis 09.03.2021 (EURUSD, USDJPY)
The bearish phase in EURUSD may continue towards 1.1695; in the case of USDJPY, the uptrend is heading to reach 111.71.
08.03.2021
Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF)
After breaking 38.2% fibo, XAUUSD is heading towards 50.0% fibo; in the case of USDCHF, the mid-term uptrend continues and has already broken 38.2% fibo.