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.
15.07.2019
Fibonacci Retracements Analysis 15.07.2019 (GOLD, USDCHF)
Gold still forms a pennant consolidation, which means a rise should be expected. USDCHF is forming a new declining impulse, developing a descending trend.
12.07.2019
Fibonacci Retracements Analysis 12.07.2019 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are starting new mid-term correctional wave with the closest targets at 8600.00 and 231.50 respectively.
11.07.2019
Fibonacci Retracements Analysis 11.07.2019 (AUDUSD, USDCAD)
After plunging, AUDUSD is trying to recover, while USDCAD is steadily trading downwards and testing 38.2% fibo.
10.07.2019
Fibonacci Retracements Analysis 10.07.2019 (GBPUSD, EURJPY)
GBPUSD is trading close to the low, but may start a new pullback from this area; in case of EURJPY, the correction continues, but a new descending wave is “round the corner”.
09.07.2019
Fibonacci Retracements Analysis 09.07.2019 (EURUSD, USDJPY)
After plunging due to the NFP statistics, EURUSD is steadily falling towards the lows, while USDJPY is about to complete the correctional uptrend that may be followed by a new wave to the downside.
08.07.2019
Fibonacci Retracements Analysis 08.07.2019 (GOLD, USDCHF)
XAUUSD is being corrected and may expand this sideways channel, while USDCHF is about to complete the correction that may be followed by a new decline.
05.07.2019
Fibonacci Retracements Analysis 05.07.2019 (BITCOIN, ETHEREUM)
Both Bitcoin and Ethereum are forming mid-term correction; the current descending waves make these corrections even deeper.
04.07.2019
Fibonacci Retracements Analysis 04.07.2019 (AUDUSD, USDCAD)
AUDUSD is heading towards 0.7063, but may start a new decline after reaching it, while USDCAD is slowing down its decline and may start a new pullback soon.