Fibonacci Forex Analysis

15.01.2021BTCUSD, “Bitcoin vs US Dollar”In the daily chart, BTCUSD is forming another rising wave after finishing a pullback at 38.2% fibo (29750.00). At the moment, this wave is expected to face strong resistance from the high at 42017.50, which may result in a rebound and a new decline towards 50....

14.01.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, the long-term rising tendency continues; the pair has already broken 38.2% fibo and right now it trying to fix above it to continue growing towards 50.0% fibo at 0.8292. However, at the same time, there is a divergen...

13.01.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after finishing the correction at 23.6% fibo, GBPUSD is forming another rising wave. If the price breaks the high at 1.3740, it may continue growing to reach the post-correctional extension area between 138.2% and 161...

12.01.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, EURUSD is starting a new decline as a reversal signal after a long-term growth and a divergence on MACD. The current chart structure says that the asset may fall towards 50.0% fibo at 1.1594, which acts as the support. However, i...

11.01.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, a divergence on MACD made the pair stop the correction at 61.8% fibo and start a new decline, which is heading towards the previous low at 1764.36. If the price breaks the low, the instrument may continue its long-term downtrend to ...

06.01.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, a divergence on MACD made the pair start a new descending correctional movement. Considering the current trend to the upside, this decline may be over soon and the asset, after breaking the high at 1.3740, will contin...

05.01.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is testing the high at 1.2310 and trying to break the post-correctional extension area between 138.2% and 161.8% fibo at 1.2167 and 1.2262 respectively. If the price breaks the high, the pair may continue growing to reach the...

04.01.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after a correctional movement in the form of a Triangle pattern and several tests of the high, XAUUSD has formed a quick rising impulse to break it. As a result, the mid-term uptrend has reached 50.0% fibo and may later continue tow...

30.12.2020GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, a divergence on MACD made the pair stop its ascending movement after a test of the high at 1.3624. possibly, the pair may start a new decline towards 50.0%, 61.8%, and 76.0% fibo at 1.3150, 1.3037, and 1.2904 respecti...

29.12.2020EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, after a divergence on MACD, EURUSD is stuck within the post-correctional extension area between 138.2% and 161.8% fibo at 1.2167 and 1.2262 respectively. The first descending impulse tried to reach 23.6% fibo at 1.2115 but failed. I...

28.12.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after completing the descending impulse, the asset started growing and has already tested the previous local high. If XAUUSD isn’t strong enough to start a new decline, then the price may continue growing to reach 50.0% and 61.8% fi...

25.12.2020BTCUSD, “Bitcoin vs US Dollar”In the H4 chart, BTCUSD has slowed down its growth after breaking the post-correctional extension area between 138.2% and 161.8% fibo at 17660.00 and 20000.00 respectively. At the moment, the asset may start a mid-term pullback to reach 23.6%, 38.2%, 50.0%, an...

24.12.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Engulfing and Doji, close to the support area, XAUUSD may reverse and resume growing towards the resistance level. In this case, the upsid...

24.12.2020CADCHF, “Canadian Dollar vs Swiss Franc”CADCHF is trading at 0.6907; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6915 and then resume moving downwards to reach 0.68...

24.12.2020AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, a divergence on MACD made AUDUSD start a new decline, which has already reached 23.6% fibo. However, at the moment the pair is correcting upwards to reach the post-correctional extension area between 138.2% and 161.8% f...

23.12.2020GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, a divergence on MACD made the pair stop its ascending movement and start a new correction downwards to reach 38.2% fibo, which was later followed by another rising impulse to eliminate the gap. Possibly, this impulse ...

22.12.2020EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is forming a new descending impulse within the post-correctional extension area between 138.2% and 161.8% fibo at 1.2167 and 1.2262 respectively after a divergence on MACD. The key downside targets may be 23.6%, 38.2%, and 50...

21.12.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after updating the previous local high and breaking 38.2% fibo, XAUUSD couldn’t reach 50.0% fibo at 1919.00. At the same time, there was a divergence on MACD, which made the pair plunge. However, the asset may yet start a new rising...

18.12.2020BTCUSD, “Bitcoin vs US Dollar”In the H4 chart, BTCUSD has broken the post-correctional extension area between 138.2% and 161.8% fibo at 17660.00 and 20000.00 respectively. At the same time, there is a long-term divergence on MACD, which may indicate a possible pullback to the downside. In ...

17.12.2020AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, the long-term uptrend continues. AUDUSD is forming another rising wave, which is approaching the long-term 38.2% fibo at 0.7634. The next upside target may be 50.0% fibo at 0.8292. However, one can see a divergence o...

16.12.2020GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, after completing the correction at 61.8% fibo (1.3116), GBPUSD is forming another rising impulse towards the high at 1.3539. If the price breaks the high, it may continue trading upwards to reach the long-term 76.0% fibo at 1.3664 ...

15.12.2020EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, after completing a short-term pullback, EURUSD is moving towards the high to break it. The next rising wave will be heading to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1.2167 and 1.2262 respective...

14.12.2020XAUUSD, “Gold vs US Dollar”From the technical point of view, the H4 chart shows that the correctional uptrend has failed to reach 38.2% fibo at 1883.00. Right now, XAUUSD is forming another descending impulse towards the previous low at 1764.36. However, as long as the price is moving abov...

11.12.2020BTCUSD, “Bitcoin vs US Dollar”Technically speaking, on H4, the quotations are staying inside a post-correctional extension area of 138.2%-161.8% (17660.00-20000.00) Fibo. After a divergence, the quotations started falling and might reach the local low of 16222.00. A breakaway of this level...

10.12.2020AUDUSD, “Australian Dollar vs US Dollar”On D1 of the pair, there is an uptrend. Another wave of growth following the breakaway of the previous high at 0.7414 is aiming at 38.2% (0.7634) Fibo. The next goal of the growth are 50.0% (0.8292) and 61.8% (0.8946). Meanwhile, there is a divergenc...

09.12.2020GBPUSD, “Great Britain Pound vs US Dollar”On H4, the market renewed the last important high of 1.3482, but after a divergence the quotations started pulling back. When the correction is over, the growth might resume to the long-term level of 76.0% (1.3664) and then – to the post-correction...

08.12.2020EURUSD, “Euro vs US Dollar”On H4, the quotations overcame the long-term high of 1.2011 and paused in the uptrend. The pair might be on the verge of a descending correction. When it is over, we can expect a new wave of growth to a post-correctional extension range of 138.2-161.8% (1.2167-1....

07.12.2020XAUUSD, “Gold vs US Dollar”On H4, after a test of 50.0% Fibo and a convergence on the MACD, the quotations of GOLD pulled back to 23.6%. The correctional growth might continue to 38.2% (1882.17), 50.0% (1919.00), and 61.8% (1955.80) but most probably, this will be a reversal. However, unti...

04.12.2020BTCUSD, “Bitcoin vs US Dollar”On H4, the quotations rest in the post-correctional extension area of 138.2-161.8% (17660.00-20000.00) Fibo. After a swift impulse of decline, a new wave renewed the high of 19509.10 and is trying to reach and overcome a psychologically important level of 20,0...

03.12.2020AUDUSD, “Australian Dollar vs US Dollar”On D1, there is along-term uptrend developing. Another wave of growth after a correction approached the high of 0.7414 and is trying to break through it. Such a breakaway will open a pathway to 38.2% (0.7634) and 50.0% (0.8292) Fibo. Meanwhile, a div...