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.
25.10.2019
Fibonacci Retracements Analysis 25.10.2019 (BITCOIN, ETHEREUM)
Bitcoin is about to reach its downside targets, but the tendency is dying out; Ethereum has reached the support level, which is must break.
24.10.2019
Fibonacci Retracements Analysis 24.10.2019 (AUDUSD, USDCAD)
AUDUSD continues the mid-term uptrend within the correction, while USDCAD is trying to form a new descending impulse within the long-term trend.
23.10.2019
Fibonacci Retracements Analysis 23.10.2019 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are completing their rising waves, which may be followed by new correctional downtrends.
22.10.2019
Fibonacci Retracements Analysis 22.10.2019 (EURUSD, USDJPY)
EURUSD may reverse its long-term tendency, while USDJPY is trying to fix above its local lows.
21.10.2019
Fibonacci Retracements Analysis 21.10.2019 (GOLD, USDCHF)
In case of XAUUSD, the short-term decline hasn’t transformed into a proper descending impulse, that’s why the pair may resume growing pretty soon; USDCHF is forming a strong descending impulse to
18.10.2019
Fibonacci Retracements Analysis 18.10.2019 (BITCOIN, ETHEREUM)
After completing the correctional uptrend, Bitcoin is moving to the downside, while Ethereum is falling slowly and hesitantly.
17.10.2019
Fibonacci Retracements Analysis 17.10.2019 (AUDUSD, USDCAD)
AUDUSD is trying to update its short-term high; USDCAD is still forming a mid-term sideways channel.
16.10.2019
Fibonacci Retracements Analysis 16.10.2019 (GBPUSD, EURJPY)
After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.