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.
27.10.2020
Fibonacci Retracements Analysis 27.10.2020 (EURUSD, USDJPY)
EURUSD is consolidating and may break this range both to the upside and downside, while USDJPY is expected to break the low at 104.00 quite soon.
26.10.2020
Fibonacci Retracements Analysis 26.10.2020 (GOLD, USDCHF)
XAUUSD is stuck inside the correctional channel but may start heading towards the low in the nearest future, while USDCHF has found support near the low at 0.8999.
22.10.2020
Fibonacci Retracements Analysis 22.10.2020 (AUDUSD, USDCAD)
AUDUSD is ready to consolidate, while USDCAD is starting new growth.
21.10.2020
Fibonacci Retracements Analysis 21.10.2020 (GBPUSD, EURJPY)
GBPUSD is stuck between 23.6% and 50.0% fibo, while EURJPY is forming a new rising impulse and may update the high.
20.10.2020
Fibonacci Retracements Analysis 20.10.2020 (EURUSD, USDJPY)
A rising impulse in EURUSD may update the key high, while USDJPY is finishing the current pullback and may later grow towards 38.2% fibo.
19.10.2020
Fibonacci Retracements Analysis 19.10.2020 (GOLD, USDCHF)
XAUUSD continues correcting upwards, while USDCHF is starting a new wave to the downside after completing the pullback.
15.10.2020
Fibonacci Retracements Analysis 15.10.2020 (AUDUSD, USDCAD)
AUDUSD is about to resume falling, while USDCAD is ready for growth.
14.10.2020
Fibonacci Retracements Analysis 14.10.2020 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are about to start new descending waves after correcting by 50.0%.