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 15.10.2021 (AUDUSD, USDCAD)

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.

Fibonacci Retracements Analysis 14.10.2021 (Brent, Dow Jones)

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.

Fibonacci Retracements Analysis 13.10.2021 (GBPUSD, EURJPY)

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.

Fibonacci Retracements Analysis 12.10.2021 (EURUSD, USDJPY)

EURUSD is approaching the long-term 50.0% fibo, while USDJPY is getting ready for a new pullback.

Fibonacci Retracements Analysis 11.10.2021 (GOLD, USDCHF)

XAUUSD may get cheaper again after completing the correction; in the case of USDCHF, the price is consolidating before forming another descending impulse.

Fibonacci Retracements Analysis 08.10.2021 (AUDUSD, USDCAD)

AUDUSD is about to start another correctional wave to the upside, while USDCAD is falling again.

Fibonacci Retracements Analysis 07.10.2021 (Brent, Dow Jones)

Brent continues rising after a short-term pullback; in the case of the Dow Jones index, the price is correcting after updating the low.

Fibonacci Retracements Analysis 06.10.2021 (GBPUSD, EURJPY)

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.