Fibonacci Retracements Analysis
Fibonacci retracements are actively used by investors, 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.
04.02.2021
Fibonacci Retracements Analysis 04.02.2021 (AUDUSD, USDCAD)
AUDUSD is still falling but it won’t be long; in the case of USDCAD, the price is consolidating before resuming its growth.
03.02.2021
Fibonacci Retracements Analysis 03.02.2021 (GBPUSD, EURJPY)
After barely moving for a long time, GBPUSD is testing the lows; in the case of EURJPY, the price is correcting after attempting to break the high.
02.02.2021
Fibonacci Retracements Analysis 02.02.2021 (EURUSD, USDJPY)
EURUSD is falling to re-test 38.2% fibo; in the case of USDJPY, the price is still moving upwards but may start a new pullback at any moment.
01.02.2021
Fibonacci Retracements Analysis 01.02.2021 (GOLD, USDCHF)
XAUUSD is consolidating before a new growth; in the case of USDCHF, the local pullback may transform into a trend reversal.
28.01.2021
Fibonacci Retracements Analysis 28.01.2021 (AUDUSD, USDCAD)
AUDUSD is falling and starting a new bearish phase, while USDCAD is correcting to the upside.
27.01.2021
Fibonacci Retracements Analysis 27.01.2021 (GBPUSD, EURJPY)
GBPUSD is still moving upwards after finishing a short-term pullback; in the case of EURJPY, the local growth may be followed by a new wave to the downside.
26.01.2021
Fibonacci Retracements Analysis 26.01.2021 (EURUSD, USDJPY)
EURUSD is falling again and the next downside target may be the psychologically-crucial area at 1.20; in the case of USDJPY, the price is trying to reach 23.6% fibo at 104.74.
25.01.2021
Fibonacci Retracements Analysis 25.01.2021 (GOLD, USDCHF)
The current short-term correctional uptrend in XAUUSD may transform into a proper rising wave; in the case of USDCHF, the price is finishing the local pullback and may start a new growth towards 76.0% fibo at 0.9012.