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.
16.12.2019
Fibonacci Retracements Analysis 16.12.2019 (GOLD, USDCHF)
XAUUSD attempted to test 38.2% fibo once again, while USDCHF fell and reached 61.8% fibo.
13.12.2019
Fibonacci Retracements Analysis 13.12.2019 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are still forming short-term corrections, which may later be followed by further decline.
12.12.2019
Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)
AUDUSD is growing towards the high at 0.6929, while USDCAD stopped skyrocketing and started plunging.
11.12.2019
Fibonacci Retracements Analysis 11.12.2019 (GBPUSD, EURJPY)
In case of GBPUSD, there is a divergence on MACD, which indicates a new decline soon; EURJPY is about to start a new rising impulse to reach its highs.
10.12.2019
Fibonacci Retracements Analysis 10.12.2019 (EURUSD, USDJPY)
After completing a steady rising impulse, EURUSD is forming a quick correction, which may later be followed by a further growth; USDJPY has stopped falling at 23.6% fibo.
09.12.2019
Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)
After falling and testing 38.2% fibo, XAUUSD is still correcting; USDCHF has rebounded from after its previous highs and right now is heading downwards again.
06.12.2019
Fibonacci Retracements Analysis 06.12.2019 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are forming short-term corrections, which may later be followed by further decline towards their key lows.
05.12.2019
Fibonacci Retracements Analysis 05.12.2019 (AUDUSD, USDCAD)
The convergence made AUDUSD complete its decline and start a new rising wave to reach the high, while USDCAD plunged after two weeks of moving sideways.