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.
21.06.2019
Fibonacci Retracements Analysis 21.06.2019 (BITCOIN, ETHEREUM)
After breaking the high, Bitcoin is getting closer to its long-term correctional target, while Ethereum is just getting ready to break its significant peak.
20.06.2019
Fibonacci Retracements Analysis 20.06.2019 (AUDUSD, USDCAD)
Both instruments have completed their corrections; right now, AUDUSD and USDCAD are quickly falling to update their yearly lows.
19.06.2019
Fibonacci Retracements Analysis 19.06.2019 (GBPUSD, EURJPY)
Both instruments are heading to update their key lows, but GBPUSD is falling faster than EURJPY.
18.06.2019
Fibonacci Retracements Analysis 18.06.2019 (EURUSD, USDJPY)
EURUSD is about to complete the pullback and start a new rising impulse, while USDJPY is trying to break through the long sideways channel.
17.06.2019
Fibonacci Retracements Analysis 17.06.2019 (GOLD, USDCHF)
After updating the high, XAUUSD may start a new correction, but the uptrend may continue as well, while USDCHF is finishing the correction before a new descending wave.
14.06.2019
Fibonacci Retracements Analysis 14.06.2019 (BITCOIN, ETHEREUM)
In case of Bitcoin and Ethereum, corrections continue, but both instruments are trying to resume growing.
13.06.2019
Fibonacci Retracements Analysis 13.06.2019 (AUDUSD, USDCAD)
AUDUSD is forming a new descending tendency, but it has failed to break the low yet; USDCAD is forming a rising correction before a new descending impulse.
12.06.2019
Fibonacci Retracements Analysis 12.06.2019 (GBPUSD, EURJPY)
Both instruments are about to complete their corrections, but the time when they may break their lows remains questionable.