Fibonacci Forex Analysis

22.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, convergence on MACD made the pair start a new rising wave, which, after reaching 50.0% fibo, was followed by another pullback. After the pullback is over, the asset may resume growing to complete the correctional phase ...

21.10.2021BrentAs we can see in the H4 chart, after breaking the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively, Brent continues growing steadily to reach the fractal high at 87.09. At the same time, there is divergence on MACD, which may indicate a p...

20.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the correctional uptrend is looking quite stable and has already reached 50.0% fibo. In the future, it may continue towards 61.8% and 76.0% fibo at 1.3929 and 1.4048 respectively. The key resistance remains at the hig...

19.10.2021EURUSD, “Euro vs US Dollar”The daily chart of EURUSD shows that after finishing the “bearish” phase close to 50.0% fibo at 1.1493, the asset is starting a new movement to the upside. Convergence on MACD says this movement may be both a correction and a reversal to break the high at 1.2350....

18.10.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, after completing the correctional uptrend, XAUUSD is forming a new descending wave. The closest targets of this wave are 61.8% and 76.0% fibo at 1713.25 and 1685.90 respectively. However, the key downside target is the low at 1638.76, a breakout ...

15.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, convergence on MACD made the pair start a new rising wave, which is quite stable, to extend the correctional range. The closest target is 50.0% fibo at 0.7499, the next one – 61.8% fibo at 0.7591. The support remains at...

14.10.2021BrentAs we can see in the H4 chart, after breaking the high at 77.48, Brent has entered the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively. The next upside target is the fractal high at 87.09. At the same time, there is a divergence on MACD,...

13.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, after reaching 23.6% fibo, the correctional uptrend has stropped. Possibly, the pair may start a new descending impulse towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The key resistance remains at ...

12.10.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is slowing the descending tendency down a little bit on its way to the long-term 50.0% fibo at 1.1493. At the same time, there is convergence on MACD, which may hint at a possible pullback or even reversal. If the asset reach...

11.10.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, convergence on MACD made the pair start a new rising wave, which wasn’t strong enough to break the high and reach 50.0% fibo at 1856.55. This technical picture implies a high probability of another decline towards the low at 1638.76, a breakout o...

08.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after attempting to fall and reach the low at 0.7106, the asset had to start another growth due to convergence on MACD, which may be considered as a new rising wave within the correctional phase to reach 50.0% and 61.8%...

07.10.2021BrentAs we can see in the H4 chart, after breaking the high at 77.48 and entering the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively, Brent is correcting downwards but this pullback won’t be long judging by the MACD indicator. The closest do...

06.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, the asset is correcting upwards after completing a strong descending movement. Possibly, the asset may finish the pullback and resume falling towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The key ...

05.10.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, EURUSD is forming a steady descending wave towards the long-term 50.0% fibo at 1.1493. Of course, this decline may continue down to 61.8% fibo at 1.1293 but convergence on MACD may hint at a possible reversal. If it happens, the ...

04.10.2021XAUUSD, “Gold vs US Dollar”In the daily chart, after completing the correctional downtrend, the asset may start a new wave to the upside towards 50.0%, 61.8%, and 76.0% fibo at 1856.55, 1908.00, and 1969.50 respectively. However, the key upside target will be the high at 2074.75. The suppo...

01.10.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the asset is moving within the descending tendency to reach the low at 0.7106, a breakout of which may lead to a further downtrend towards mid-term 38.2% and 50.0% fibo at 0.7052 and 0.6758 respectively. At the same tim...

30.09.2021BrentAs we can see in the H4 chart, Brent is correcting towards 77.48, which was broken earlier. Later, the price may complete the pullback and resume growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 82.19 and 85.14 respectively. The key support here ...

29.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, the asset has stopped consolidating 23.6% fibo; right now, it is moving downwards. this decline may be a signal in favour of a further downtrend towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The k...

28.09.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is falling and approaching the low at 1.1664; if the price breaks it, the asset may continue moving downwards to reach the long-term 50.0% fibo at 1.1493. However, as long as the price is moving above the low, the pair may ye...

27.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, the asset is still falling due to divergence on MACD. The key target of this descending wave is the low at 1638.76. However, local convergence may indicate a reversal and a new wave to the upside.As we can see in the H1 chart, the bearish wave is...

24.09.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the asset is correcting within the downtrend. Possibly, this pullback may transform into a new rising wave to reach 50.0% and 61.8% fibo at 0.7499 and 0.7591 respectively. However, the main scenario implies a further do...

23.09.2021BrentAs we can see in the H4 chart, the current rising wave has broken 76.0% fibo and is approaching the high at 77.48, a breakout of which may lead to a further uptrend towards the post-correctional extension area between 138.2% and 161.8% fibo at 82.21 and 85.14 respectively. the key sup...

22.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after rebounding from 50.0% fibo, GBPUSD is forming a new descending wave towards the low at 1.3572, which may be considered as the continuation of the mid-term correctional downtrend. The closest target is 38.2% fibo...

21.09.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is intending to test the previous low at 1.1664; if the price breaks it, the asset may continue moving downwards to reach the long-term 50.0% fibo at 1.1493. However, as long as the price is moving above the low, the pair may...

20.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, the asset is falling due to divergence on MACD. The key target is the low at 1638.76, a breakout of which may lead to a further downtrend to reach 50.0% fibo at 1617.00. However, if the market situation changes and XAUUSD resumes growing, the clo...

17.09.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after growing and reaching 38.2% fibo, AUDUSD is forming a new descending wave that may seem to be heading to break the low at 0.7106 and then reach the mid-term 38.2% fibo at 0.7052. However, this wave should be consid...

16.09.2021BrentIn the daily chart, after falling and testing the first correctional target after divergence at 23.6% fibo (62.90), the asset is moving upwards and heading to break the high at 77.48. However, al long as the price is moving below this level, the market may yet start a new decline to r...

15.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after rebounding from 50.0% fibo, GBPUSD is expected to form a short-term pullback to the downside, which may later be followed by a further mid-term correctional uptrend to break 61.8% fibo at 1.3991 and then reach 7...

14.09.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, after completing the correctional uptrend at 38.2% fibo, the asset is moving downwards. Such a situation may imply a possible descending wave to break the low at 1.1664 and then reach the long-term 50.0% fibo at 1.1493. However, thi...

13.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, after breaking 61.8% fibo and failing to reach 76.0% fibo at 1850.00, the asset has started falling due to divergence on MACD. This movement may be the start of a new mid-term descending wave towards the low at 1638.76, a breakout of which may le...