Fibonacci Retracements Analysis
Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
24.12.2020
Fibonacci Retracements Analysis 24.12.2020 (AUDUSD, USDCAD)
After finishing the descending wave, AUDUSD is trying to reach the high; the uptrend in USDCAD has slowed down in favor of a new correction.
23.12.2020
Fibonacci Retracements Analysis 23.12.2020 (GBPUSD, EURJPY)
After finishing the descending wave, GBPUSD may grow towards the high; EURJPY has tested the high and may resume falling soon.
22.12.2020
Fibonacci Retracements Analysis 22.12.2020 (EURUSD, USDJPY)
Having stopped plummeting, EURUSD has returned to its previous high; USDJPY is falling after completing the ascending correction.
21.12.2020
Fibonacci Retracements Analysis 21.12.2020 (GOLD, USDCHF)
After updating its local high, XAUUSD has started plummeting; USDCHF has broken the post-correctional extension area between 138.2% and 161.8% fibo at 0.8886 and 0.8816 respectively to the upside.
17.12.2020
Fibonacci Retracements Analysis 17.12.2020 (AUDUSD, USDCAD)
AUDUSD is still growing to reach the long-term 38.2% fibo at 0.7634; the downtrend in USDCAD has reached 76.0% fibo and rebound from it.
16.12.2020
Fibonacci Retracements Analysis 16.12.2020 (GBPUSD, EURJPY)
After finishing the pullback, GBPUSD is heading to update the high, while EURJPY is still correcting.
15.12.2020
Fibonacci Retracements Analysis 15.12.2020 (EURUSD, USDJPY)
After finishing the pullback, EURUSD is trying to update the high again, while USDJPY is attempting to break through the consolidation range.
14.12.2020
Fibonacci Retracements Analysis 14.12.2020 (GOLD, USDCHF)
After completing the pullback, XAUUSD is falling again to reach the low; USDCHF is stuck inside the post-correctional extension area between 138.2% and 161.8% fibo at 0.8886 and 0.8816 respectively.