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.
10.04.2020
Fibonacci Retracements Analysis 10.04.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are about to complete their correctional uptrends and may test previous lows soon.
09.04.2020
Fibonacci Retracements Analysis 09.04.2020 (AUDUSD, USDCAD)
AUDUSD is testing 61.8% fibo, while USDCAD has rebounded from the low.
08.04.2020
Fibonacci Retracements Analysis 08.04.2020 (GBPUSD, EURJPY)
GBPUSD is going to correct the first ascending impulse before starting the second one, while EURJPY is forming a rising wave inside the correctional channel.
07.04.2020
Fibonacci Retracements Analysis 07.04.2020 (EURUSD, USDJPY)
EURUSD is about to finish its decline, which may be followed by a new growth; USDJPY is trying to decide what to do next, rise or fall.
06.04.2020
Fibonacci Retracements Analysis 06.04.2020 (GOLD, USDCHF)
After finishing the pullback, XAUUSD is trying to start a new rising wave; in the case of USDCHF, a new ascending wave is heading towards the high at 0.9901.
03.04.2020
Fibonacci Retracements Analysis 03.04.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are correcting very slowly.
02.04.2020
Fibonacci Retracements Analysis 02.04.2020 (AUDUSD, USDCAD)
AUDUSD has got very close to 61.8% fibo, while USDCAD is forming a descending channel.
01.04.2020
Fibonacci Retracements Analysis 01.04.2020 (GBPUSD, EURJPY)
GBPUSD has corrected the previous decline, while EURJPY has failed to break the resistance close to its highs.