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.
14.01.2020
Fibonacci Retracements Analysis 14.01.2020 (EURUSD, USDJPY)
EURUSD is finishing the correction and about to start a new rising impulse, while USDJPY has updated its weekly highs and may attach the year’s high at 112.40.
13.01.2020
Fibonacci Retracements Analysis 13.01.2020 (GOLD, USDCHF)
XAUUSD has corrected to the downside by 38.2%; USDCHF is correcting upwards, but the downtrend may resume soon.
10.01.2020
Fibonacci Retracements Analysis 10.01.2020 (BITCOIN, ETHEREUM)
After completing the rising wave, Bitcoin is falling again; however, as long as the pair is moving above the low, it may yet resume growing. Ethereum slowed down its correctional growth and may start a new wave to the downside.
09.01.2020
Fibonacci Retracements Analysis 09.01.2020 (AUDUSD, USDCAD)
In case of AUDUSD, a steady decline was slowed down for a correction; after updating the low, USDCAD is starting a new correction.
08.01.2020
Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)
GBPUSD has rebounded from the mid-term support, but the next descending wave may break it; EURJPY has tested the mid-term support, which means that it may continue moving downwards.
31.12.2019
Fibonacci Retracements Analysis 31.12.2019 (EURUSD, USDJPY)
After updating its local high, EURUSD continues the mid-term uptrend, while USDJPY is forming a new descending wave after failing to break the high.
30.12.2019
Fibonacci Retracements Analysis 30.12.2019 (GOLD, USDCHF)
In case of XAUUSD, the correction has transformed into a proper rising wave, which is heading towards the high; USDCHF is moving to reach the fractal low at 0.9660 after finishing the correction.
27.12.2019
Fibonacci Retracements Analysis 27.12.2019 (BITCOIN, ETHEREUM)
Bitcoin is trying to form an ascending correction, but a quick impulse towards the low may ruin bears’ plans; in case of Ethereum, the price is heading to reach a psychologically-crucial level of 100.00.