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.
10.12.2020
Fibonacci Retracements Analysis 10.12.2020 (AUDUSD, USDCAD)
AUDUSD is aiming at the long-term level of 38.2% (0.7634), USDCAD is correcting in a flat.
09.12.2020
Fibonacci Retracements Analysis 09.12.2020 (GBPUSD, EURJPY)
GBPUSD renewed the highs and slumped into a correction, EURJPY is stuck in a correctional flat before another wave of growth to the high of 127.07.
08.12.2020
Fibonacci Retracements Analysis 08.12.2020 (EURUSD, USDJPY)
EURUSD quotations renewed the high but seems to need a correction, USDJPY keeps consolidating.
07.12.2020
Fibonacci Retracements Analysis 07.12.2020 (GOLD, USDCHF)
Gold grew after a convergence but the wave of decline might renew the lows, USDCHF renewed the lows and is heading for a long-term level of 50.0% Fibo.
03.12.2020
Fibonacci Retracements Analysis 03.12.2020 (AUDUSD, USDCAD)
AUDUSD quotations are testing the high of 0.7414, trying to break through it; USDCAD renewed the low and keeps falling.
02.12.2020
Fibonacci Retracements Analysis 02.12.2020 (GBPUSD, EURJPY)
GBPUSD is close to a long-term high and can renew it, EURJPY quotations are growing confidently to the high of 127.07.
01.12.2020
Fibonacci Retracements Analysis 01.12.2020 (EURUSD, USDJPY)
EURUSD quotations are approaching the long-term high of 1.2011 slowly but confidently; USDJPY is forming a consolidation narrowing before a new impulse of growth.
30.11.2020
Fibonacci Retracements Analysis 30.11.2020 (GOLD, USDCHF)
Gold reached an important goal in a downtrend but a convergence hints on a reversal; USDCHF is again going down to the low of 0.8982.