Fibonacci Retracements Analysis

Fibonacci Retracements Analysis 09.12.2021 (Brent, Dow Jones)

Brent As we can see in the daily chart, Brent is correcting upwards after reaching the long-term 23.0% fibo and divergence on MACD. If this correctional uptrend fails to break the high at 86.63, the next downside targets may be 38.2%, 50.0%, and 61.8% fibo at 59.53, 51.20, and 42.86 respectively. The H1 chart shows […]

2 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 08.12.2021 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the situation hasn’t changed much over the past week. After attempting to test the long-term 38.2% fibo at 1.3166, the asset was moving upwards to reach 23.6% fibo 1.3345. At the moment, the price is falling again to test the […]

2 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 22.02.2022 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, divergence on MACD made the asset complete the rising impulse and resume its local correction. The most probable scenario implies that the pair may finish the correction soon above the low at 1.1120 and then continue growing to break the next high […]

9 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 21.02.2022 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is testing the mid-term 61.8% fibo at 1908.00. Possibly, the pair may rebound and form a slight pullback, which may later be followed by a further uptrend. The next upside target is 76.0% fibo at 1969.00. The H1 chart shows […]

9 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 14.02.2022 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after breaking the previous high, the asset continues trading upwards. In the future, the pair may reach and break the long-term 61.8% fibo at 1908.00. At the moment, XAUUSD is testing 50.0% fibo. The H1 chart shows that after finishing the mid-term […]

9 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 11.02.2022 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD has completed the first correctional wave to the upside after testing 23.6% fibo. The current decline may be heading to break the low at 0.6967 and then continue down to 50.0% fibo at 0.6758. However, as long as the price […]

10 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 10.02.2022 (Brent, Dow Jones)

Brent As we can see in the H4 chart, divergence on MACD made the asset start a new correctional downtrend after testing the post-correctional extension area between 138.2% and 161.8% fibo at 94.53 and 99.41 respectively. After the correction is over, the price may break the local high at 94.73 and continue moving within the […]

10 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 09.02.2022 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that the asset may resume […]

10 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 07.02.2022 (GOLD, USDCHF)

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is correcting upwards after plummeting before. Divergence on MACD, which made the pair form the first descending wave earlier, may force the second one. The closest downside target may be 61.8% fibo at 1730.00. However, an alternative scenario implies that […]

10 months ago
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Fibonacci Retracements Analysis
Fibonacci Retracements Analysis 28.12.2021 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is still consolidating at 23.6% fibo and correcting the previous descending wave; the correctional wave has already reached 38.2% fibo after convergence on MACD. The current technical picture implies two possible scenarios – a new rising impulse towards 50.0% and 61.8% […]

11 months ago
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Fibonacci Retracements Analysis
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