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 17.09.2021 (AUDUSD, USDCAD)

AUDUSD is about to complete the descending wave and may soon grow to reach the high; in the case of USDCAD, the price is still consolidating within a Triangle pattern.

Fibonacci Retracements Analysis 16.09.2021 (Brent, Dow Jones)

Brent is heading towards the high at 77.48, while the Dow Jones index has re-tested 38.2% fibo.

Fibonacci Retracements Analysis 15.09.2021 (GBPUSD, EURJPY)

GBPUSD is trying to grow and reach 61.8% fibo, while EURJPY is forming another descending wave.

Fibonacci Retracements Analysis 14.09.2021 (EURUSD, USDJPY)

The current decline in EURUSD may break the low but it’s just a threat; in the case of USDJPY, the price is still consolidating above 23.6% fibo.

Fibonacci Retracements Analysis 13.09.2021 (GOLD, USDCHF)

After failing to grow and reach 76.0% fibo, XAUUSD has started a new decline; in the case of USDCHF, the price may break the high at 0.9275.

Fibonacci Retracements Analysis 10.09.2021 (AUDUSD, USDCAD)

AUDUSD is expected to continue rising after completing the correction, while USDCAD may start a new descending wave at any moment.

Fibonacci Retracements Analysis 09.09.2021 (Brent, Dow Jones)

Brent wants to rise but something is standing in the way, in the case of the Dow Jones index, there is a signal for a trend reversal.

Fibonacci Retracements Analysis 08.09.2021 (GBPUSD, EURJPY)

GBPUSD has started a new decline, while EURJPY continues trading upwards.