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.
13.10.2020
Fibonacci Retracements Analysis 13.10.2020 (EURUSD, USDJPY)
A divergence on MACD is finishing the correction in EURUSD, which may start a new decline soon; the current rising wave in USDJPY has tested the area not far from 38.2% fibo.
12.10.2020
Fibonacci Retracements Analysis 12.10.2020 (GOLD, USDCHF)
After completing the rising impulse, XAUUSD has slowed down a bit its growth towards the high at 2074.75; after reaching 23.6% fibo, USDCHF is moving to the downside but a convergence indicates a possible reversal soon.
08.10.2020
Fibonacci Retracements Analysis 08.10.2020 (AUDUSD, USDCAD)
AUDUSD may update the high, while USDCAD is still correcting to the downside.
07.10.2020
Fibonacci Retracements Analysis 07.10.2020 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are about to complete their respective pullbacks and may resume trading downwards soon.
06.10.2020
Fibonacci Retracements Analysis 06.10.2020 (EURUSD, USDJPY)
The current pullback in EURUSD may transform into a proper rising wave, while USDJPY is trying to continue the uptrend but “bears” are on the watch.
05.10.2020
Fibonacci Retracements Analysis 05.10.2020 (GOLD, USDCHF)
XAUUSD is finishing the correction and may resume falling towards 1836.50 soon, while USDCHF is correcting to the downside after reaching 23.6% fibo
01.10.2020
Fibonacci Retracements Analysis 01.10.2020 (AUDUSD, USDCAD)
AUDUSD may grow to reach the high, while USDCAD is expected to continue rising after finishing a pullback.
30.09.2020
Fibonacci Retracements Analysis 30.09.2020 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY rebounded from their respective support areas at 38.2% fibo but may yet resume trading downwards.