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.
22.10.2020
Fibonacci Retracements Analysis 22.10.2020 (AUDUSD, USDCAD)
AUDUSD is ready to consolidate, while USDCAD is starting new growth.
21.10.2020
Fibonacci Retracements Analysis 21.10.2020 (GBPUSD, EURJPY)
GBPUSD is stuck between 23.6% and 50.0% fibo, while EURJPY is forming a new rising impulse and may update the high.
20.10.2020
Fibonacci Retracements Analysis 20.10.2020 (EURUSD, USDJPY)
A rising impulse in EURUSD may update the key high, while USDJPY is finishing the current pullback and may later grow towards 38.2% fibo.
19.10.2020
Fibonacci Retracements Analysis 19.10.2020 (GOLD, USDCHF)
XAUUSD continues correcting upwards, while USDCHF is starting a new wave to the downside after completing the pullback.
15.10.2020
Fibonacci Retracements Analysis 15.10.2020 (AUDUSD, USDCAD)
AUDUSD is about to resume falling, while USDCAD is ready for growth.
14.10.2020
Fibonacci Retracements Analysis 14.10.2020 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are about to start new descending waves after correcting by 50.0%.
13.10.2020
Fibonacci Retracements Analysis 13.10.2020 (EURUSD, USDJPY)
A divergence on MACD is finishing the correction in EURUSD, which may start a new decline soon; the current rising wave in USDJPY has tested the area not far from 38.2% fibo.
12.10.2020
Fibonacci Retracements Analysis 12.10.2020 (GOLD, USDCHF)
After completing the rising impulse, XAUUSD has slowed down a bit its growth towards the high at 2074.75; after reaching 23.6% fibo, USDCHF is moving to the downside but a convergence indicates a possible reversal soon.