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 still trading close to 23.6% fibo, while USDCAD is heading towards the fractal low at 1.2061.
Brent is rising again towards the high at 71.07, while the Dow Jones index has updated its high after breaking the consolidation range.
GBPUSD continues trading not far from 23.6% fibo; in the case of EURJPY, the price has reached the long-term 76.0% fibo but divergence on MACD hints at a possible correction.
A divergence on MACD ended the rising wave in EURUSD, so the asset may try to update the low; in the case of USDJPY, the price is approaching 61.8% fibo after a convergence on MACD.
XAUUSD is finishing the correction before resuming its growth towards 50.0% fibo, while USDCHF is starting a new rising movement after a convergence.
AUDUSD is stuck close to 23.6% fibo; in the case of USDCAD, the price made a strong descending movement and broke the low at 1.2365.
Brent rose again but hasn’t broken the high yet, in the case of Dow Jones, the price is consolidating and may break this range both upwards and downwards.
After failing to reach the high, GBPUSD is getting ready for a new decline; in the case of EURJPY, the price continues growing towards its long-term target.