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.
10.11.2020
Fibonacci Retracements Analysis 10.11.2020 (EURUSD, USDJPY)
A new rising wave in EURUSD rebounded from 76.0% fibo but it doesn’t mean that the correction will continue; a convergence on MACD made USDJPY skyrocket after updating the low.
09.11.2020
Fibonacci Retracements Analysis 09.11.2020 (GOLD, USDCHF)
After breaking the correctional downtrend, XAUUSD may test the high quite soon; USDCHF has broken the low and continues moving downwards.
05.11.2020
Fibonacci Retracements Analysis 05.11.2020 (AUDUSD, USDCAD)
AUDUSD is still consolidating but may break the range to the upside soon; after re-testing the mid-term 23.6% fibo, USDCAD is heading towards the low again.
04.11.2020
Fibonacci Retracements Analysis 04.11.2020 (GBPUSD, EURJPY)
Short-term volatile movements in GBPUSD haven’t changed the major tendency; after completing the correction, EURJPY is expected to resume falling.
03.11.2020
Fibonacci Retracements Analysis 03.11.2020 (EURUSD, USDJPY)
EURUSD is moving near the low but may breaking only after a correction; after testing the low, USDJPY is starting to rise.
02.11.2020
Fibonacci Retracements Analysis 02.11.2020 (GOLD, USDCHF)
XAUUSD is finishing the descending wave and may skyrocket in the nearest future, while USDCHF is heading to break the high at 0.9296
29.10.2020
Fibonacci Retracements Analysis 29.10.2020 (AUDUSD, USDCAD)
AUDUSD is trying to break the consolidation range to the downside; USDCAD formed a quick rising impulse but failed to update the high.
28.10.2020
Fibonacci Retracements Analysis 28.10.2020 (GBPUSD, EURJPY)
GBPUSD is slowing down its decline because of the correction, while EURJPY has failed to reach and update the local high.