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.
14.05.2020
Fibonacci Retracements Analysis 14.05.2020 (AUDUSD, USDCAD)
AUDUSD is correcting after the divergence, while USDCAD is still forming a mid-term sideways channel.
13.05.2020
Fibonacci Retracements Analysis 13.05.2020 (GBPUSD, EURJPY)
GBPUSD is steadily forming another descending correctional wave; in the case of EURJPY, the price is starting a new rising correction, which may linger on.
12.05.2020
Fibonacci Retracements Analysis 12.05.2020 (EURUSD, USDJPY)
EURUSD is about to start a new rising wave after testing the support level, while USDJPY is completing its descending correction.
11.05.2020
Fibonacci Retracements Analysis 11.05.2020 (GOLD, USDCHF)
XAUUSD is still consolidating at 23.6% fibo, while USDCHF is transforming a Triangle into a Flat.
08.05.2020
Fibonacci Retracements Analysis 08.05.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum have grown significantly; they reached important targets and may start new pullbacks soon.
07.05.2020
Fibonacci Retracements Analysis 07.05.2020 (AUDUSD, USDCAD)
AUDUSD is falling after the divergence, while USDCAD is forming a mid-term sideways channel.
06.05.2020
Fibonacci Retracements Analysis 06.05.2020 (GBPUSD, EURJPY)
After rebounding from the high, GBPUSD is falling again; in the case of EURJPY, the price has managed to fix under the low and right now is still falling.
05.05.2020
Fibonacci Retracements Analysis 05.05.2020 (EURUSD, USDJPY)
The EURUSD quotations renewed the fractal high but started pulling back, USDJPY tries to overcome 50.0% Fibo.