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.
24.09.2020
Fibonacci Retracements Analysis 24.09.2020 (AUDUSD, USDCAD)
Both AUDUSD and USDCAD have changed their directions after a divergence and a convergence respectively.
23.09.2020
Fibonacci Retracements Analysis 23.09.2020 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY were supported by 38.2% fibo but their respective downtrends may continue.
22.09.2020
Fibonacci Retracements Analysis 22.09.2020 (EURUSD, USDJPY)
EURUSD is slowly correcting after a divergence, while USDJPY is slowing down its downtrend.
21.09.2020
Fibonacci Retracements Analysis 21.09.2020 (GOLD, USDCHF)
XAUUSD continues trading within a Triangle pattern, while the downtrend in USDCHF is consolidating at the long-term 38.2% fibo.
10.09.2020
Fibonacci Retracements Analysis 10.09.2020 (AUDUSD, USDCAD)
AUDUSD and USDCAD finish correction; the market may renew the highs.
09.09.2020
Fibonacci Retracements Analysis 09.09.2020 (GBPUSD, EURJPY)
GBPUSD and EURJPY developing a decline after a divergence.
08.09.2020
Fibonacci Retracements Analysis 08.09.2020 (EURUSD, USDJPY)
EURUSD started correcting after a test of the psychological resistance level of 1.2000. USDJPY remains in a sideways flat.
07.09.2020
Fibonacci Retracements Analysis 07.09.2020 (GOLD, USDCHF)
Gold keeps trading in a Triangle. A downtrend in USDCHF switches for correctional growth.