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.
The current ascending movement in Brent may update the high, while the Dow Jones index has broken its previous peak.
GBPUSD continues growing but may reverse to the downside soon; in the case of EURJPY, the price is about to fall and reach its previous low.
EURUSD is trying to correct upwards, while USDJPY is planning a new descending wave.
The current decline in XAUUSD may transform into a new rising wave; in the case of USDCHF, the price hasn’t been able to reach the high, so one may expect another descending structure.
AUDUSD is starting to grow after convergence on MACD; in the case of USDCAD, the price is correcting before starting a new rising impulse.
The current ascending movement in Brent is just a pullback before a further downtrend, while the Dow Jones index has completed the correction and is trying to attack the high again.
GBPUSD continues falling after breaking 38.2% fibo; in the case of EURJPY, the price may reach 50.0% fibo and then reverse.
EURUSD is trying to update the low once again but may start a new pullback soon; in the case of USDJPY, the price continues trading within the mid-term downtrend.