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.
04.08.2020
Fibonacci Retracements Analysis 04.08.2020 (EURUSD, USDJPY)
EURUSD is falling after reaching 61.8% fibo, while USDJPY has reached the resistance area at 106.45 after the convergence.
04.08.2020
Fibonacci Retracements Analysis 04.08.2020 (EURUSD, USDJPY)
EURUSD is falling after reaching 61.8% fibo, while USDJPY has reached the resistance area at 106.45 after the convergence.
03.08.2020
Fibonacci Retracements Analysis 03.08.2020 (GOLD, USDCHF)
In the case of XAUUSD, MACD is forming a divergence to indicate a possible correction soon, while the downtrend in USDCHF has reached the long-term 38.2% fibo.
30.07.2020
Fibonacci Retracements Analysis 30.07.2020 (AUDUSD, USDCAD)
AUDUSD is attempting to fix above 61.8% fibo, while USDCAD is testing the area not far from the low at 1.3315.
29.07.2020
Fibonacci Retracements Analysis 29.07.2020 (GBPUSD, EURJPY)
After breaking the high at 1.2813, GBPUSD has reached the long-term 50.0% fibo; EURJPY has reached the high and right now is correcting.
28.07.2020
Fibonacci Retracements Analysis 28.07.2020 (EURUSD, USDJPY)
EURUSD continues the ascending tendency towards 61.8% fibo at 1.1820; in the case, of USDJPY, the downtrend has reached 61.8% fibo at 105.20.
27.07.2020
Fibonacci Retracements Analysis 27.07.2020 (GOLD, USDCHF)
After breaking its all-time high, XAUUSD is still trading upward, while USDCHF is attempting to break the low at 0.9176.
23.07.2020
Fibonacci Retracements Analysis 23.07.2020 (AUDUSD, USDCAD)
AUDUSD has broken the high at 0.7064, while USDCAD is “targeting” the low at 1.3315.