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.
29.06.2020
Fibonacci Retracements Analysis 29.06.2020 (GOLD, USDCHF)
After breaking its previous important high, XAUUSD is trying to fix above it and continue the uptrend; in the case of USDCHF, the market has broken a Triangle and may continue falling.
26.06.2020
Fibonacci Retracements Analysis 26.06.2020 (BITCOIN, ETHEREUM)
Bitcoin and Ethereum are thwarting any attempt to grow and trying to trade downwards.
25.06.2020
Fibonacci Retracements Analysis 25.06.2020 (AUDUSD, USDCAD)
AUDUSD is being pulled inside a sideways channel not far from 50.0% fibo, while USDCAD is stuck inside a correction after completing the rising impulse.
24.06.2020
Fibonacci Retracements Analysis 24.06.2020 (GBPUSD, EURJPY)
GBPUSD is forming a descending channel, while EURJPY is about to finish the descending correctional wave.
23.06.2020
Fibonacci Retracements Analysis 23.06.2020 (EURUSD, USDJPY)
After testing the support at 61.8% fibo, EURUSD may resume growing, while USDJPY is trading sideways.
22.06.2020
Fibonacci Retracements Analysis 22.06.2020 (GOLD, USDCHF)
Last Friday, XAUUSD almost reached the high but didn’t break it, while USDCHF is stuck inside a short-term Triangle patter.
19.06.2020
Fibonacci Retracements Analysis 19.06.2020 (BITCOIN, ETHEREUM)
Dynamics in both Bitcoin and Ethereum, as well as the entire cryptocurrency market, remain the same.
18.06.2020
Fibonacci Retracements Analysis 18.06.2020 (AUDUSD, USDCAD)
The divergence on MACD made AUDUSD resume falling, while USDCAD is trading upwards and has already tested the resistance at 61.8% fibo.