Fibonacci Forex Analysis

28.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the ascending correction continues. After breaking 38.2% fibo, GBPUSD is heading towards 50.0% fibo. However, it’s too early to expect the asset to reach the high at 1.4250. most likely, this correction will soon be r...

27.07.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, the asset seems to be forming a long-term consolidation range. But really the pair is forming the second descending wave within the bearish phase. The closest downside target is at 38.2% fibo at 1.1695 but the price may reach it ...

26.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, divergence on MACD made the pair start a new decline, which was pretty short. This situation may imply a new wave to the upside towards 61.8% and 76.0% fibo at 1853.18 and 1876.50 respectively. However, the key upside targets are th...

23.07.2021AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, after breaking 61.8% fibo at 0.7379, the downtrend has failed to reach 76.0% fibo at 0.7236. At the same time, we can see divergence on MACD, which may force the asset to start a pullback to the upside. However, this ascending moveme...

22.07.2021BrentIn the daily chart, divergence on MACD made the asset start a new bearish phase; the first descending wave is heading towards 23.6% at 62.90, while the next ones may later reach 38.2%, 50.0%, and 61.8% fibo at 53.90, 46.60, and 39.40 respectively. The resistance is the high at 77.47, ...

21.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after completing the correction not far from 23.6% fibo, GBPUSD is moving downwards and has already broken 38.2% fibo. Later, the market may continue trading downwards to reach 50.0% and 61.8% fibo at 1.3463 and 1.327...

20.07.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset is slowly falling towards the fractal low at 1.1704, a breakout of which may lead to a further downtrend to reach 50.0% fibo at 1.1695. The overall picture shows a series of updates of lows along with slight pullbacks. Cou...

19.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, divergence on MACD madу the pair complete the correction and start a new descending wave towards the low at 1676.78. The next mid-term downside target is 50.0% fibo at 1617.50. Another scenario implies a further uptrend to reach 61....

16.07.2021AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, there is a steady descending movement towards 61.8% fibo at 0.7379. At the same time, we can see divergence on MACD, which may indicate a possible short-term pullback to the upside. In the future, this pullback may be followed by ano...

15.07.2021BrentIn the H4 chart, divergence on MACD made the asset complete its long-term uptrend and start a new decline, which has already reached 38.2% and may later continue towards 50.0%, 61.8%, and 76.0% fibo at 70.99, 69.44, and 67.61 respectively. The key downside target is the fractal suppor...

14.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is moving upwards after convergence on MACD. This technical picture implies some uncertainty on the market. It means that the asset has two possible scenarios and may both head towards the high at 1.4250 and co...

13.07.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset is rising after reaching 76.0% fibo and convergence on MACD. At the same time, if this convergence forces the asset to form not just a pullback but a proper ascending wave, the pair may reach the short/long-term highs at 1...

12.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, local divergence on MACD may indicate that XAUUSD has completed the correctional uptrend after previous convergence. In this case, the pair is expected to start another descending impulse to reach its important low at 1676.78. The n...

09.07.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a steady descending correctional wave after divergence on MACD, which is testing and trying to break 23.6%% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% fibo at 0.7053 and 0.6757 respecti...

08.07.2021BrentIn the daily chart, divergence on MACD made the asset complete its long-term uptrend, which earlier broke 76.0% fibo and reached 77.47, and start a new decline towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 62.86, 53.90, 46.60, and 39.40 respectively. However, if Brent resumes growing...

07.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is trying to move upwards and form a new rising wave after convergence on MACD. If this movement really is a new wave but not a pullback, it may be heading towards the local high at 1.4250, a breakout of which ...

06.07.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset is starting a new rising movement after convergence on MACD; the previous decline has reached 76.0% fibo. At the same time, this convergence may force the asset to form not just a pullback but a proper ascending wave towar...

05.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is trading upwards after convergence on MACD and this growth may be considered as a correction after a strong descending wave. However, this correctional growth may transform into another wave to the upside. At the same time,...

02.07.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending correctional wave after a divergence on MACD, is approaching 23.6%% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% fibo at 0.7053 and 0.6757 respectively. The resistance is...

01.07.2021BrentIn the daily chart, after breaking the long-term 76.0% fibo and then reaching 75.70, Brent continues growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback or even a reversal.As we can see in the H1 chart, the asset is correcting af...

30.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after finishing a short-term correctional growth, GBPUSD is falling again and may soon break the low at 1.3786. After that, the instrument may continue falling towards 38.2% and 50.0% fibo at 1.3648 and 1.3463 respect...

29.06.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset is about to finish the pullback and start a new decline. A divergence on MACD made the pair start a strong wave to the downside, which, after breaking 61.8% fibo, may reach 76.0% fibo and the low at 1.1840 and 1.1704 respe...

28.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is correcting after finishing a wave to the downside. Possibly, the pair may complete the pullback and resume falling. The previous decline has reached 61.8% fibo, so the next one may reach 76.0% fibo and the low at 1736.33 a...

25.06.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending correctional wave after a divergence on MACD. After failing to reach 23.6%% fibo at 0.7415, the asset has corrected. The next downside targets may be 38.2% and 50.0% fibo at 0.7052 and 0.675...

24.06.2021BrentIn the daily chart, after breaking the long-term 76.0% fibo, Brent continues growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback to reach the local support, which is 61.8% fibo at 59.80.As we can see in the H4 chart, the ascendin...

23.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after falling and reaching 76.0% fibo, the asset has rebounded to start a new correction to the upside. After completing this pullback, GBPUSD may form another descending wave to break the support at 1.3669 and then c...

22.06.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, a divergence on MACD made the pair start a strong correctional wave to the downside, which, after breaking 61.8% fibo, has yet failed to reach 76.0% fibo at 1,1840. The current movement in EURUSD may be considered as an early short-...

21.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is forming a stable wave to the downside after a divergence on MACD, which has already reached 61.8% fibo and may later continue towards 76.0% fibo and the low at 1736.33 and 1676.78 respectively. At the same time, a breakout...

18.06.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, there is a new descending wave after a divergence on MACD. The current technical pictures may be described as a long-term correction approaching 23.6% fibo at 0.7415. The next downside targets may be 38.2% and 50.0% ...

17.06.2021BrentIn the daily chart, after breaking 76.0% fibo and updating the high at 71.07, Brent is still growing towards the long-term high at 87.09. However, a divergence on MACD may indicate a possible pullback to reach the local support, which is 61.8% fibo at 59.80.The H4 chart shows an ascen...