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.
05.11.2020
Fibonacci Retracements Analysis 05.11.2020 (AUDUSD, USDCAD)
AUDUSD is still consolidating but may break the range to the upside soon; after re-testing the mid-term 23.6% fibo, USDCAD is heading towards the low again.
04.11.2020
Fibonacci Retracements Analysis 04.11.2020 (GBPUSD, EURJPY)
Short-term volatile movements in GBPUSD haven’t changed the major tendency; after completing the correction, EURJPY is expected to resume falling.
03.11.2020
Fibonacci Retracements Analysis 03.11.2020 (EURUSD, USDJPY)
EURUSD is moving near the low but may breaking only after a correction; after testing the low, USDJPY is starting to rise.
02.11.2020
Fibonacci Retracements Analysis 02.11.2020 (GOLD, USDCHF)
XAUUSD is finishing the descending wave and may skyrocket in the nearest future, while USDCHF is heading to break the high at 0.9296
29.10.2020
Fibonacci Retracements Analysis 29.10.2020 (AUDUSD, USDCAD)
AUDUSD is trying to break the consolidation range to the downside; USDCAD formed a quick rising impulse but failed to update the high.
28.10.2020
Fibonacci Retracements Analysis 28.10.2020 (GBPUSD, EURJPY)
GBPUSD is slowing down its decline because of the correction, while EURJPY has failed to reach and update the local high.
27.10.2020
Fibonacci Retracements Analysis 27.10.2020 (EURUSD, USDJPY)
EURUSD is consolidating and may break this range both to the upside and downside, while USDJPY is expected to break the low at 104.00 quite soon.
26.10.2020
Fibonacci Retracements Analysis 26.10.2020 (GOLD, USDCHF)
XAUUSD is stuck inside the correctional channel but may start heading towards the low in the nearest future, while USDCHF has found support near the low at 0.8999.