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 31.03.2021 (GBPUSD, EURJPY)

After finishing a slight pullback, GBPUSD is falling towards 38.2% fibo again; in the case of EURJPY, the price is heading towards the high but “bears” aren’t giving up.

Fibonacci Retracements Analysis 30.03.2021 (EURUSD, USDJPY)

EURUSD continues falling slowly, while USDJPY is resuming its growth after finishing a slow correction.

Fibonacci Retracements Analysis 29.03.2021 (GOLD, USDCHF)

XAUUSD is stuck inside the consolidation range, while USDCHF is growing to reach 50.0% fibo at 0.9496.

Fibonacci Retracements Analysis 26.03.2021 (AUDUSD, USDCAD)

AUDUSD has failed to reach 0.7500 and may rise again; in the case of USDCAD, the correctional uptrend may soon transform into a new decline.

Fibonacci Retracements Analysis 25.03.2021 (Brent, Dow Jones)

Brent is slowly falling and correcting its previous rising wave; in the case of Dow Jones, the price is slowing down its growth but it’s too early for another correction.

Fibonacci Retracements Analysis 24.03.2021 (GBPUSD, EURJPY)

GBPUSD is falling towards 38.2% fibo; in the case of EURJPY, after failing to break the post-correctional extension area to the upside, the price has started a new decline.

Fibonacci Retracements Analysis 23.03.2021 (EURUSD, USDJPY)

EURUSD is waiting for the right moment to fall; in the case of USDJPY, the uptrend transformed into a slow correction.

Fibonacci Retracements Analysis 22.03.2021 (GOLD, USDCHF)

XAUUSD is about to complete the pullback and may later fall towards 50.0% fibo; in the case of USDCHF, the current correction may fall deeper.