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.
06.01.2021
Fibonacci Retracements Analysis 06.01.2021 (GBPUSD, EURJPY)
GBPUSD may complete another correction soon and resume growing towards 1.40, while EURJPY is starting a new correction after a divergence on MACD.
05.01.2021
Fibonacci Retracements Analysis 05.01.2021 (EURUSD, USDJPY)
EURUSD is testing the high and trying to continue the uptrend towards 1.2555, while USDJPY is still moving downwards but very slowly.
04.01.2021
Fibonacci Retracements Analysis 04.01.2021 (GOLD, USDCHF)
After a thorough test of its local high, XAUUSD has finally broken it and may continue rising; in the case of USDCHF, the price has skyrocketed after updating the low, thus signaling a new correction to the upside.
22.12.2020
Fibonacci Retracements Analysis 22.12.2020 (EURUSD, USDJPY)
Having stopped plummeting, EURUSD has returned to its previous high; USDJPY is falling after completing the ascending correction.
21.12.2020
Fibonacci Retracements Analysis 21.12.2020 (GOLD, USDCHF)
After updating its local high, XAUUSD has started plummeting; USDCHF has broken the post-correctional extension area between 138.2% and 161.8% fibo at 0.8886 and 0.8816 respectively to the upside.
17.12.2020
Fibonacci Retracements Analysis 17.12.2020 (AUDUSD, USDCAD)
AUDUSD is still growing to reach the long-term 38.2% fibo at 0.7634; the downtrend in USDCAD has reached 76.0% fibo and rebound from it.
16.12.2020
Fibonacci Retracements Analysis 16.12.2020 (GBPUSD, EURJPY)
After finishing the pullback, GBPUSD is heading to update the high, while EURJPY is still correcting.
15.12.2020
Fibonacci Retracements Analysis 15.12.2020 (EURUSD, USDJPY)
After finishing the pullback, EURUSD is trying to update the high again, while USDJPY is attempting to break through the consolidation range.