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.
22.04.2020
Fibonacci Retracements Analysis 22.04.2020 (GBPUSD, EURJPY)
The divergence is making GBPUSD fall, while EURJPY is approaching its key low.
21.04.2020
Fibonacci Retracements Analysis 21.04.2020 (EURUSD, USDJPY)
EURUSD is looking down again, while USDJPY is consolidating around 38.2% fibo before starting a new descending wave.
20.04.2020
Fibonacci Retracements Analysis 20.04.2020 (GOLD, USDCHF)
XAUUSD is starting a new descending correction after the divergence; in the case of USDCHF, a Triangle pattern can be broken soon.
17.04.2020
Fibonacci Retracements Analysis 17.04.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum resume their respective correctional uptrends.
16.04.2020
Fibonacci Retracements Analysis 16.04.2020 (AUDUSD, USDCAD)
After reaching 76.0% fibo, AUDUSD is about to resume falling; in the case of USDCAD, a quick burst may be deceitful.
15.04.2020
Fibonacci Retracements Analysis 15.04.2020 (GBPUSD, EURJPY)
GBPUSD is growing very slowly, while EURJPY is narrowing down its correctional channel.
14.04.2020
Fibonacci Retracements Analysis 14.04.2020 (EURUSD, USDJPY)
EURUSD is trying to start a new growth; USDJPY is about to complete the short-term pullback and start another descending wave.
13.04.2020
Fibonacci Retracements Analysis 13.04.2020 (GOLD, USDCHF)
XAUUSD is aiming at highs, while USDCHF can be dragged into a Triangle.