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.
05.06.2020
Fibonacci Retracements Analysis 05.06.2020 (BITCOIN, ETHEREUM)
After updating their respective highs, both Bitcoin and Ethereum are slowing down. Probably, it’s a break before a new decline.
04.06.2020
Fibonacci Retracements Analysis 04.06.2020 (AUDUSD, USDCAD)
After taking a short break, AUDUSD boosted its growth and has already broken the fractal high, while USDCAD is approaching 76.0% fibo.
03.06.2020
Fibonacci Retracements Analysis 03.06.2020 (GBPUSD, EURJPY)
GBPUSD is trading to break its previous high; in the case of EURJPY, the current rising movement may be considered as a long-term ascending wave.
02.06.2020
Fibonacci Retracements Analysis 02.06.2020 (EURUSD, USDJPY)
EURUSD has tested the high and may form a mid-term rising wave; USDJPY is still correcting but the technical picture indicates a possibility of a quick wave to the upside.
01.06.2020
Fibonacci Retracements Analysis 01.06.2020 (GOLD, USDCHF)
After finishing the pullback, XAUUSD is rising again but hasn’t updated the high yet; in the case of USDCHF, the price has broken the Triangle pattern to the downside.
29.05.2020
Fibonacci Retracements Analysis 29.05.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are trying to complete the correction by breaking their respective ranges to the upside and resume trading upwards.
28.05.2020
Fibonacci Retracements Analysis 28.05.2020 (AUDUSD, USDCAD)
After reaching an important fractal, AUDUSD is slowing down its growth, while USDCAD is still falling after updating the low.
27.05.2020
Fibonacci Retracements Analysis 27.05.2020 (GBPUSD, EURJPY)
GBPUSD is trading upwards; in the case of EURJPY, the new rising correction has stopped at 50.0% fibo.