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.
31.03.2020
Fibonacci Retracements Analysis 31.03.2020 (EURUSD, USDJPY)
EURUSD is trying to reverse a long-term trend but doesn’t seem to be strong enough, while USDJPY is correcting before attacking the high.
30.03.2020
Fibonacci Retracements Analysis 30.03.2020 (GOLD, USDCHF)
After finishing the descending wave, XAUUSD has started a strong rising impulse; in the case of USDCHF, the instrument is about to complete the pullback and start a new impulse to the upside.
27.03.2020
Fibonacci Retracements Analysis 27.03.2020 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are still correcting.
26.03.2020
Fibonacci Retracements Analysis 26.03.2020 (AUDUSD, USDCAD)
AUDUSD is correcting the previous descending impulse and preparing for a new one, while USDCAD has corrected the rising wave by 23.6%.
26.03.2020
Fibonacci Retracements Analysis 26.03.2020 (AUDUSD, USDCAD)
AUDUSD is correcting the previous descending impulse and preparing for a new one, while USDCAD has corrected the rising wave by 23.6%.
25.03.2020
Fibonacci Retracements Analysis 25.03.2020 (GBPUSD, EURJPY)
After breaking a significant low, GBPUSD is testing it from below and correcting to the upside, while EURJPY is about to start a new long-term rising impulse.
24.03.2020
Fibonacci Retracements Analysis 24.03.2020 (EURUSD, USDJPY)
After breaking the significant fractal low, EURUSD is testing it again; in the case of USDJPY, the instrument is approaching the key fractal resistance.
23.03.2020
Fibonacci Retracements Analysis 23.03.2020 (GOLD, USDCHF)
50.0% fibo hasn’t been able to stop the descending wave in XAUUSD, while USDCHF has formed a strong rising impulse after completing the previous descending one.