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.
17.02.2020
Fibonacci Retracements Analysis 17.02.2020 (GOLD, USDCHF)
In the case of XAUUSD, the correction is transforming into a Triangle pattern; as for USDCHF, a new ascending impulse has reached 50.0% fibo.
14.02.2020
Fibonacci Retracements Analysis 14.02.2020 (BITCOIN, ETHEREUM)
After the uptrend in Bitcoin had reached 50.0% fibo, there was a divergence; Ethereum is growing steadily, but may start a new pullback quite soon.
13.02.2020
Fibonacci Retracements Analysis 13.02.2020 (AUDUSD, USDCAD)
After testing the low, AUDUSD is correcting upwards; in the case of USDCAD, the uptrend has transformed into a pullback.
12.02.2020
Fibonacci Retracements Analysis 12.02.2020 (GBPUSD, EURJPY)
GBPUSD continues falling slowly, while EURJPY is trying to form another descending impulse.
11.02.2020
Fibonacci Retracements Analysis 11.02.2020 (EURUSD, USDJPY)
EURUSD is heading to break the long-term low, while USDJPY is “hanging around” its highs.
10.02.2020
Fibonacci Retracements Analysis 10.02.2020 (GOLD, USDCHF)
XAUUSD may soon complete the correctional uptrend and is later expected to start a new decline; USDCHF is forming a new ascending impulse, which has already updated the high and may yet continue.
07.02.2020
Fibonacci Retracements Analysis 07.02.2020 (BITCOIN, ETHEREUM)
The uptrend in Bitcoin is heading towards 50.0% fibo, while Ethereum is trying to fix above mid-term 38.2% fibo and then reach 50.0% fibo.
06.02.2020
Fibonacci Retracements Analysis 06.02.2020 (AUDUSD, USDCAD)
After rebounding from the low, AUDUSD is correcting upwards; in case of USDCAD, the correctional uptrend is transforming into a proper rising wave.