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.
24.12.2021
Fibonacci Retracements Analysis 24.12.2021 (AUDUSD, USDCAD)
After rebounding from 38.2% fibo, AUDUSD is moving upwards, but that’s just a correction; in the case of USDCAD, the price is correcting after testing the high.
23.12.2021
Fibonacci Retracements Analysis 23.12.2021 (Brent, Dow Jones)
Brent is rising and may try to attack the high; in the case of the Dow Jones index, the price is forming a new rising impulse.
10.12.2021
Fibonacci Retracements Analysis 10.12.2021 (AUDUSD, USDCAD)
After updating the low, AUDUSD is correcting; in the case of USDCAD, the price is trying to form a new wave to the upside after completing the pullback.
09.12.2021
Fibonacci Retracements Analysis 09.12.2021 (Brent, Dow Jones)
Both Brent and the Dow Jones index are still correcting but the index yet has a chance to update the high.
08.12.2021
Fibonacci Retracements Analysis 08.12.2021 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are consolidating after completing their respective descending structures.
07.12.2021
Fibonacci Retracements Analysis 07.12.2021 (EURUSD, USDJPY)
EURUSD is consolidating before another rising impulse, while USDJPY is correcting upwards.
06.12.2021
Fibonacci Retracements Analysis 06.12.2021 (GOLD, USDCHF)
XAUUSD is starting a new growth that may later transform into a proper rising wave; in the case of USDCHF, the price is moving sideways after a volatile upsurge.
03.12.2021
Fibonacci Retracements Analysis 03.12.2021 (AUDUSD, USDCAD)
AUDUSD is testing the long-term 38.2% fibo at 0.7052, while USDCAD is expected to correct before resuming its growth towards the high at 1.2949.