Fibonacci Forex Analysis

13.04.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset is correcting upwards after a convergence on MACD. After reaching 38.2% fibo, EURUSD is consolidating. In this case, the asset is expected to continue growing towards 50.0% and 61.8% fibo at 1.1974 and 1.2037 respectively....

12.04.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after rebounding from the support area, XAUUSD has re-tested 23.6% fibo. A rebound from the support area may be a signal in favor of a further correction. In this case, the correctional targets may be 38.2%, 50.0%, and 61.8% fibo at...

09.04.2021AUDUSD, “Australian Dollar vs US Dollar”On H4, the wave of correctional growth after the convergence did not demonstrate any impressive move. Further growth is not excluded, but the priority is further development of the downtrend to 50.0% (0.7500) and 61.8% (0.7380) Fibo. The resistance i...

08.04.2021BrentOn H4, the situation has hardly changed. The quotations are forming a consolidation channel. After a test of a long-term Fibo level of 76.0% and a divergence, the wave of decline is just nearing the first target level of 23.6% (58.00). The next goals might be 38.2% (49.94) and 50.0% (...

07.04.2021GBPUSD, “Great Britain Pound vs US Dollar”On H4, the correctional wave of growth first returned to 23.6% and now we may expect another wave of decline to 38.2% (1.3643) Fibo. The aim of further decline after a breakaway of 38.2% will be 50.0% (1.3457). A breakaway of the high of 1.4241 mig...

06.04.2021EURUSD, "Euro vs US Dollar"On D1, the pair demonstrates a bounce after a test of 38.2% (1.1695) Fibo. Such a bounce should be interpreted as a correction of the previous wave of decline. After the pullback, we should expect a new wave of decline aiming at a breakaway of 38.2% (1.1695) and ...

05.04.2021XAUUSD, “Gold vs US Dollar”On H4, the quotations are bouncing after a decline and a test of the low area at 1676.78. We can expect further growth and the extension of the correctional phase with the aims of 38.2% (1785.00), 50.0% (1818.15), 61.8% (1851.32). When the correction is over and ...

02.04.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the “bearish” correctional wave has failed to reach 50.0% fibo at 0.7500 for the second time. At the same time, there was a new convergence on MACD to indicate another ascending correctional movement, which may later tr...

01.04.2021BrentIn the daily chart, the situation hasn’t changed much as the asset is still forming its descending correction after testing the long-term 76.0% fibo and a divergence on MACD. Right now, the price is moving close to its first target, 23.6% fibo at 58.00, and trading as if it can’t deci...

31.03.2021GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, the situation hasn’t changed much. GBPUSD is forming a new descending wave to break 38.2% fibo at 1.3643 and then continue falling toward 50.0% fibo at 1.3457. A breakout of the high at 1.4241 will result in a further uptrend towar...

30.03.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, the asset continues the “bearish” phase after a divergence on MACD. After breaking 23.6% fibo, the pair is getting close to 38.2% fibo at 1.1695 and may later continue falling towards 50.0% and 61.8% fibo at 1.1493 and 1.1292 res...

29.03.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the situation hasn’t changed much since last Monday. After reaching 23.6% fibo, XAUUSD is still moving there and forming the consolidation range. In this case, both upward and downwards scenarios are possible. The first one implies ...

26.03.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after breaking 38.2% fibo, the “bearish” correctional wave has failed to reach 50.0% fibo at 0.7500. At the same time, there is a local divergence on MACD, which may indicate a possible reversal and a new ascending move...

25.03.2021BrentIn the daily chart, the asset is forming a new descending correction after testing the long-term 76.0% fibo. Another signal in favor of a possible reversal is a divergence on MACD. Right now, the price is moving close to its first target, 23.6% fibo at 58.00, and may later continue fa...

24.03.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after completing the consolidation range around 23.6% fibo, the asset has started another descending wave and may fall to reach 38.2%, 50.0%, and 61.8% fibo at 1.3643, 1.3457, and 1.3272 respectively. A breakout of th...

23.03.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, the asset continues the “bearish” phase after a divergence on MACD. After falling and reaching 23.6% fibo, the pair has started consolidating but may soon resume falling towards 38.2%, 50.0%, and 61.8% fibo at 1.1695, 1.1493, and...

22.03.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the correctional uptrend has only reached 23.6% fibo. It seems as if in the nearest future the pair may form a new descending impulse to break the low at 1676.79 and then continue falling towards the key target, which is 50.0% fibo ...

19.03.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the first “bearish” wave in AUDUSD is experiencing a correction to the upside, which may be over soon. The downside targets may be 50.0% and 61.8% fibo at 0.7500 and 0.7380 respectively. At the same time, despite a dive...

18.03.2021BrentThe daily chart shows a long-term ascending tendency, which still seems pretty stable. However, one should note that after reaching the long-term 76.0% fibo, Brent has started a new short-term pullback, which may transform into a proper downtrend towards 23.6%, 38.2%, 50.0%, and 61.8%...

17.03.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the asset is getting ready for a deeper correctional downtrend. After completing a short-term growth, GBPUSD has returned to 23.6% fibo. Later, the pair may continue falling towards 38.2%, 50.0%, and 61.8% fibo at 1.3...

16.03.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, the asset continues the “bearish” phase after a divergence on MACD. After falling and reaching 23.6% fibo, the pair has started a new pullback, which may be over quite soon. In this case, EURUSD may resume falling towards 38.2%, ...

15.03.2021XAUUSD, “Gold vs US Dollar”In the daily chart, after attempting to fall and reach 50.0% fibo at 1617.50, the asset is starting a new rising pullback. However, there is a convergence on MACD, which may indicate that this pullback might as well transform into a proper ascending wave to reach...

12.03.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the mid-term “bearish” phase in AUDUSD is experiencing a correction to the upside. After testing 38.2% fibo at 0.7619, the asset has started a slight pullback, which may be later followed by a further decline towards 50...

11.03.2021BrentThe H4 chart shows a long-term ascending tendency, which seems pretty stable. After reaching 76.9% fibo, Brent has started a new short-term pullback. Despite the stable uptrend, there is a divergence on MACD, which may hint at a reversal and possible decline towards 23.6%, 38.2%, 50.0...

10.03.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the situation hasn’t changed much. After finishing the uptrend and then reaching 23.6% fibo, GBPUSD is starting a short-term pullback, which may be followed by a further decline towards 38.2%, 50.0%, and 61.8% fibo at...

09.03.2021EURUSD, “Euro vs US Dollar”It’s better to analyse the current situation on the daily chart because this timeframe helps to better understand the long- and mid-term market sentiment. As we can see here, after breaking the long-term 76.0% fibo and then failing to reach the fractal high at 1....

08.03.2021XAUUSD, “Gold vs US Dollar”In the daily chart, the long-term correction continues; the descending wave has broken 38.2% fibo and may continue towards 50.0% and 61.8% fibo at 1617.50 and 1509.85 respectively. However, there is a convergence on MACD, which may hint at a possible pullback aft...

05.03.2021BTCUSD, “Bitcoin vs US Dollar”As we can see in the H4 chart, after finishing the ascending correctional wave, the pair is falling again and this decline may transform into a proper bearish wave with the targets at 38.2% (37530.00), 50.0% (31165.00), and 61.8% (24764.52) fibo. The resistanc...

04.03.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, after breaking 38.2% fibo, the asset has failed to reach 50.0% fibo at 0.8292. Right now, there is a divergence on MACD, which indicates that the pair is about to start a new pullback towards the support at 23.6% fib...

03.03.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after skyrocketing to 1.4241, GBPUSD is forming a mid-term descending pullback, which has already reached 23.6% fibo; right now, the pair is correcting. After completing this slight correction, the decline may continu...