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.
04.12.2019
Fibonacci Retracements Analysis 04.12.2019 (GBPUSD, EURJPY)
GBPUSD is trying to break the sideways channel to the upside, while EURJPY is about to start a new rising impulse to reach its highs.
03.12.2019
Fibonacci Retracements Analysis 03.12.2019 (EURUSD, USDJPY)
EURUSD is steadily trading upwards to update the high, while USDJPY is about to reverse after the divergence.
02.12.2019
Fibonacci Retracements Analysis 02.12.2019 (GOLD, USDCHF)
After falling and reaching 38.2% fibo, XAUUSD is correcting again; USDCHF is heading towards the high where it may later start a short-term pullback.
22.11.2019
Fibonacci Retracements Analysis 22.11.2019 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum have formed new descending impulses and may update their respective monthly lows in the nearest future.
21.11.2019
Fibonacci Retracements Analysis 21.11.2019 (AUDUSD, USDCAD)
AUDUSD is correcting after finishing the first descending wave, while USDCAD continues growing towards the highs.
20.11.2019
Fibonacci Retracements Analysis 20.11.2019 (GBPUSD, EURJPY)
GBPUSD and EURJPY have been correcting for the second consecutive month. After a slight growth, both instruments may resume falling towards their respective lows.
19.11.2019
Fibonacci Retracements Analysis 19.11.2019 (EURUSD, USDJPY)
EURUSD is forming a new rising wave, while USDJPY is falling after the divergence.
18.11.2019
Fibonacci Retracements Analysis 18.11.2019 (GOLD, USDCHF)
XAUUSD is correcting, but the descending tendency may yet continue; USDCHF hasn’t been able to stop the correction.