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.
AUDUSD is forming another correctional wave to reach 50.0% fibo; in the case of USDCAD, a strong and stable rising wave has reached 61.8% fibo.
Brent continues rising towards the fractal high at 87.09; in the case of the Dow Jones index, there are signs in favour of a new rising wave.
The correction in GBPUSD slowed down at 23.6% fibo; in the case of EURJPY, the price is forming a new rising impulse to extend the correctional phase.
EURUSD is approaching the long-term 50.0% fibo, while USDJPY is getting ready for a new pullback.
XAUUSD may get cheaper again after completing the correction; in the case of USDCHF, the price is consolidating before forming another descending impulse.
AUDUSD is about to start another correctional wave to the upside, while USDCAD is falling again.
Brent continues rising after a short-term pullback; in the case of the Dow Jones index, the price is correcting after updating the low.
After finishing the pullback, GBPUSD is about to start a new impulse to the downside; in the case of EURJPY, the price is still correcting.