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.
02.12.2021
Fibonacci Retracements Analysis 02.12.2021 (Brent, Dow Jones)
Both Brent and the Dow Jones index are about to correct after plunging earlier.
01.12.2021
Fibonacci Retracements Analysis 01.12.2021 (GBPUSD, EURJPY)
GBPUSD continues trading downwards to reach the long-term 38.2% fibo; in the case of EURJPY, having tested 50.0% fibo, the price is expected to start a new pullback.
30.11.2021
Fibonacci Retracements Analysis 30.11.2021 (EURUSD, USDJPY)
EURUSD is correcting upwards, while USDJPY has started a new “bearish” phase.
29.11.2021
Fibonacci Retracements Analysis 29.11.2021 (GOLD, USDCHF)
XAUUSD is finishing the correction and may update the local high soon; in the case of USDCHF, the price has started a pullback after trying to break the high.
26.11.2021
Fibonacci Retracements Analysis 26.11.2021 (AUDUSD, USDCAD)
AUDUSD is heading towards the long-term 38.2% fibo at 0.7052, while USDCAD continues growing to reach the high at 1.2949.
25.11.2021
Fibonacci Retracements Analysis 25.11.2021 (Brent, Dow Jones)
Brent has rebounded from 38.2% fibo; in the case of the Dow Jones index, the price is trying to start a new rising wave after completing the correction.
24.11.2021
Fibonacci Retracements Analysis 24.11.2021 (GBPUSD, EURJPY)
Having updated the low, GBPUSD may start a new pullback; in the case of EURJPY, the current descending wave has tested the support area.
23.11.2021
Fibonacci Retracements Analysis 23.11.2021 (EURUSD, USDJPY)
After breaking the long-term 61.8% fibo, EURUSD is still trading downwards; in the case of USDJPY, the price has updated the high again.