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.
31.05.2019
Fibonacci Retracements Analysis 31.05.2019 (BITCOIN, ETHEREUM)
Bitcoin and Ethereum are starting correctional downtrends, but one shouldn’t exclude a possibility of a reverse.
30.05.2019
Fibonacci Retracements Analysis 30.05.2019 (AUDUSD, USDCAD)
AUDUSD is starting a new correction, while USDCAD is trying to update its yearly lows.
29.05.2019
Fibonacci Retracements Analysis 29.05.2019 (GBPUSD, EURJPY)
GBPUSD is starting a new correction, while EURJPY is still trading inside the mid-term downtrend.
28.05.2019
Fibonacci Retracements Analysis 28.05.2019 (EURUSD, USDJPY)
EURUSD is correcting the previous rising impulse before a new growth. In case of USDJPY, the correction may take longer than expected.
27.05.2019
Fibonacci Retracements Analysis 27.05.2019 (GOLD, USDCHF)
XAUUSD is at crossroads: it may both rise and fall. USDCHF, in its turn, seems to be starting a new long-term downtrend.
24.05.2019
Fibonacci Retracements Analysis 24.05.2019 (BITCOIN, ETHEREUM)
Bitcoin and Ethereum are forming short-term corrections, which may later be followed by new rising waves.
23.05.2019
Fibonacci Retracements Analysis 23.05.2019 (AUDUSD, USDCAD)
AUDUSD eliminated the gap and may continue trading to the downside, while USDCAD is trying to break its sideways channel and forming an expanding one.
22.05.2019
Fibonacci Retracements Analysis 22.05.2019 (GBPUSD, EURJPY)
GBPUSD is about to start a short-term correction, but the bearish tendency is still dominating; in case of EURJPY, we can see a short-term correction as well.