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.
05.02.2020
Fibonacci Retracements Analysis 05.02.2020 (GBPUSD, EURJPY)
The Brexit had a short-term impact on GBPUSD and now the pair is back to trading inside the previous range; EURJPY is forming a new correction, which may later transform into a proper rising wave.
04.02.2020
Fibonacci Retracements Analysis 04.02.2020 (EURUSD, USDJPY)
EURUSD is trying to start a new wave to the upside, while USDJPY is forming a new pullback after finishing the descending wave.
03.02.2020
Fibonacci Retracements Analysis 03.02.2020 (GOLD, USDCHF)
Despite some steady growth, XAUUSD is expected to start a new pullback; USDCHF is forming a new descending impulse, which may soon update the low.
31.01.2020
Fibonacci Retracements Analysis 31.01.2020 (BITCOIN, ETHEREUM)
The mid-term growth in Bitcoin is heading towards 50.0% fibo, while Ethereum is trying to fix above mid-term 23.6% fibo.
30.01.2020
Fibonacci Retracements Analysis 30.01.2020 (AUDUSD, USDCAD)
The downtrend in AUDUSD is heading towards the low, while USDCAD continues growing to reach the fractal high.
29.01.2020
Fibonacci Retracements Analysis 29.01.2020 (GBPUSD, EURJPY)
GBPUSD is trading towards Triangle’s downside border, while EURJPY continues testing mid-term 38.2% fibo.
28.01.2020
Fibonacci Retracements Analysis 28.01.2020 (EURUSD, USDJPY)
The descending correction in EURUSD is slowing down, while USDJPY is forming a mid-term wave to the downside.
27.01.2020
Fibonacci Retracements Analysis 27.01.2020 (GOLD, USDCHF)
XAUUSD is trading upwards and may update the high, while the correction in USDCHF is moving very slowly.