Fibonacci Retracements Analysis

Fibonacci retracements are actively used by traders, 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.


Fibonacci Retracements Analysis 14.06.2021 (GOLD, USDCHF)

XAUUSD is about to start a new correctional wave to the downside, while USDCHF is trying to move upwards after updating its previous low.

Fibonacci Retracements Analysis 11.06.2021 (AUDUSD, USDCAD)

AUDUSD has completed the correction and may resume trading upwards; in the case of USDCAD, the price is still consolidating.

Fibonacci Retracements Analysis 10.06.2021 (Brent, Dow Jones)

After updating the high, Brent is falling; in the case of the Dow Jones index, the price may start the second correctional wave to the downside.

Fibonacci Retracements Analysis 09.06.2021 (GBPUSD, EURJPY)

GBPUSD is correcting downwards after updating the local high, while EURJPY is falling before another attempt to reach the high at 137.50.

Fibonacci Retracements Analysis 08.06.2021 (EURUSD, USDJPY)

After testing the support, EURUSD is trying to reach the high again; in the case of USDJPY, the price is falling after a divergence on MACD

Fibonacci Retracements Analysis 07.06.2021 (GOLD, USDCHF)

XAUUSD is correcting after a divergence on MACD, while USDCHF is slowly forming a correction to the upside.

Fibonacci Retracements Analysis 04.06.2021 (AUDUSD, USDCAD)

AUDUSD is forming a new rising wave after a divergence on MACD, while USDCAD may resume growing after updating the low.

Fibonacci Retracements Analysis 03.06.2021 (Brent, Dow Jones)

After updating its long-term high, Brent continues growing; in the case of the Dow Jones index, the price is approaching the high at 35102.0 but rebound from it.