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.
03.10.2019
Fibonacci Retracements Analysis 03.10.2019 (AUDUSD, USDCAD)
After testing the mid-term low, AUDUSD is about to start a pullback; USDCAD has completed the correction and is currently forming a strong ascending impulse, which may reach the high.
02.10.2019
Fibonacci Retracements Analysis 02.10.2019 (GBPUSD, EURJPY)
GBPUSD has significantly corrected the previous rising wave, which means it may start a new growth; in case of EURJPY, the descending wave has slowed down a bit.
01.10.2019
Fibonacci Retracements Analysis 01.10.2019 (EURUSD, USDJPY)
After breaking the significant support, EURUSD continues falling; USDJPY is trying to start a new rising wave after finishing another pullback.
30.09.2019
Fibonacci Retracements Analysis 30.09.2019 (GOLD, USDCHF)
XAUUSD is about to finish the correction, while USDCHF is starting another descending wave after a slight pullback.
26.09.2019
Fibonacci Retracements Analysis 26.09.2019 (AUDUSD, USDCAD)
AUDUSD is heading to break the key low; USDCAD’s growth was stopped by the correction, which may transform into a new descending wave.
25.09.2019
Fibonacci Retracements Analysis 25.09.2019 (GBPUSD, EURJPY)
After the divergence, GBPUSD is falling very slowly, as if it may yet try to grow a little bit; in case of EURJPY, the descending correction was quite quick and deep.
24.09.2019
Fibonacci Retracements Analysis 24.09.2019 (EURUSD, USDJPY)
EURUSD is still correcting and may test the low once again; USDJPY is starting to reverse after the divergence.
23.09.2019
Fibonacci Retracements Analysis 23.09.2019 (GOLD, USDCHF)
XAUUSD is correcting, while USDCHF is starting a new descending tendency after the divergence.