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.
25.07.2019
Fibonacci Retracements Analysis 25.07.2019 (AUDUSD, USDCAD)
AUDUSD is developing a strong descending wave after a divergence. USDCAD has entered a short-term ascending correction phase.
24.07.2019
Fibonacci Retracements Analysis 24.07.2019 (GBPUSD, EURJPY)
After short correcting growth GBPUSD is declining again; however, it may be another test of the minimum before a surge. EURJPY continues a smooth decline to 102.25.
23.07.2019
Fibonacci Retracements Analysis 23.07.2019 (EURUSD, USDJPY)
EURUSD is developing another impulse for decline after a correction. USDJPY is forming an impulse for growth inside a mid-term correction.
22.07.2019
Fibonacci Retracements Analysis 22.07.2019 (GOLD, USDCHF)
Gold has escaped the Pennant upwards and looks ready to continue growing after a short-term pullback. USDCHF is declining too slowly, which may signal an impulse of growth in proximity.
19.07.2019
Fibonacci Retracements Analysis 19.07.2019 (BTC, ETH)
The Bitcoin and Ethereum keep in step: upon reaching the intermediate goal of correction the quotations began a pullback upwards.
18.07.2019
Fibonacci Retracements Analysis 18.07.2019 (AUDUSD, USDCAD)
AUDUSD is approaching the last local maximum, developing an ascending correction. USDCAD tries ever so hard to continue declining, but a convergence promises an upcoming correction.
17.07.2019
Fibonacci Retracements Analysis 17.07.2019 (GBPUSD, EURJPY)
GBPUSD has stopped declining at the long-term minimum before a bounce; however, the descending trend is predominant. EURJPY is declining gradually, still inside a correction channel.
16.07.2019
Fibonacci Retracements Analysis 16.07.2019 (EURUSD, USDJPY)
EURUSD is on a crossroads: going up is hard, going down is scary; however, pon a pullback a decline should be expected. USDJPY may hit the local maximums.