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.
17.06.2020
Fibonacci Retracements Analysis 17.06.2020 (GBPUSD, EURJPY)
GBPUSD is trying to reverse downwards after the divergence, while EURJPY is still correcting to the downside.
16.06.2020
Fibonacci Retracements Analysis 16.06.2020 (EURUSD, USDJPY)
EURUSD has stopped growing in favor of a new correction, while USDJPY is pretty close to break the low but may rebound from it as well.
15.06.2020
Fibonacci Retracements Analysis 15.06.2020 (GOLD, USDCHF)
XAUUSD is trying to rise but doesn’t seem to be strong enough for that, while USDCHF is reversing to the upside.
12.06.2020
Fibonacci Retracements Analysis 12.06.2020 (BITCOIN, ETHEREUM)
After a two-week correction in the form of Flag, both Bitcoin and Ethereum are starting a new decline.
11.06.2020
Fibonacci Retracements Analysis 11.06.2020 (AUDUSD, USDCAD)
The divergence on MACD is making AUDUSD complete the uptrend, while USDCAD is about to start a new rising wave after testing 76.0% fibo.
10.06.2020
Fibonacci Retracements Analysis 10.06.2020 (GBPUSD, EURJPY)
After breaking the high, GBPUSD continues trading upwards; in the case of EURJPY, the rising movement was followed by a new correction to the downside.
09.06.2020
Fibonacci Retracements Analysis 09.06.2020 (EURUSD, USDJPY)
EURUSD has reached the long-term 38.2% fibo, while USDJPY has plummeted after reaching 61.8% fibo.
08.06.2020
Fibonacci Retracements Analysis 08.06.2020 (GOLD, USDCHF)
After failing to update the high, XAUUSD is moving downwards, while USDCHF may rise significantly after the convergence.