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.

21.07.2020

Fibonacci Retracements Analysis 21.07.2020 (EURUSD, USDJPY)

EURUSD is attempting to fix above the broken high and continue rising, while USDJPY is trying to break through the correctional channel to the upside.
20.07.2020

Fibonacci Retracements Analysis 20.07.2020 (GOLD, USDCHF)

XAUUSD is correcting, while USDCHF is approaching 76.0% fibo at 0.9350.
17.07.2020

Fibonacci Retracements Analysis 17.07.2020 (BITCOIN, ETHEREUM)

Both Bitcoin and Ethereum are falling very slowly.
16.07.2020

Fibonacci Retracements Analysis 16.07.2020 (AUDUSD, USDCAD)

AUDUSD is approaching the high at 0.7064, while USDCAD is trading downwards again.
15.07.2020

Fibonacci Retracements Analysis 15.07.2020 (GBPUSD, EURJPY)

GBPUSD has stopped growing but the bullish rally doesn’t seem to be over; in the case of EURJPY, the correctional structure is transforming into an ascending wave.
14.07.2020

Fibonacci Retracements Analysis 14.07.2020 (EURUSD, USDJPY)

EURUSD is slowly but steadily moving towards the high, while USDJPY is completing the correction and preparing for a new rising impulse.
13.07.2020

Fibonacci Retracements Analysis 13.07.2020 (GOLD, USDCHF)

XAUUSD is still moving upwards but a pullback may start quite unexpectedly; in the case of USDCHF, after breaking the low the price continues falling.
10.07.2020

Fibonacci Retracements Analysis 10.07.2020 (BITCOIN, ETHEREUM)

The situations in both Bitcoin and Ethereum haven’t changed much: in the short-term, they are expected to move downwards.