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.
11.03.2020
Fibonacci Retracements Analysis 11.03.2020 (GBPUSD, EURJPY)
After finishing a quick growth, GBPUSD is forming a deep pullback, which may transform into a proper descending impulse; in the case of EURJPY, the pair attempted to test its multi-month low and rebounded.
10.03.2020
Fibonacci Retracements Analysis 10.03.2020 (EURUSD, USDJPY)
After skyrocketing for a while, EURUSD may start a pullback; in the case of USDJPY, the price has tested the post-correctional extension area
09.03.2020
Fibonacci Retracements Analysis 09.03.2020 (GOLD, USDCHF)
Despite panic and frenzy on global markets, XAUUSD is living its own life; however, in the case of USDCHF, the current market situation did add fuel to the flame.
05.03.2020
Fibonacci Retracements Analysis 05.03.2020 (AUDUSD, USDCAD)
After reaching its downside targets, AUDUSD is about to start a new correction; in the case of USDCAD, the divergence made the pair fall a little bit.
04.03.2020
Fibonacci Retracements Analysis 04.03.2020 (GBPUSD, EURJPY)
GBPUSD stopped falling at 61.8% fibo, while EURJPY can’t decide whether to fall or grow.
03.03.2020
Fibonacci Retracements Analysis 03.03.2020 (EURUSD, USDJPY)
Quick growth in EURUSD indicates a reversal of the long-term tendency; in the case of USDJPY, the descending impulse has reached 61.8% fibo.
02.03.2020
Fibonacci Retracements Analysis 02.03.2020 (GOLD, USDCHF)
XAUUSD is quickly correcting downwards after a long run to the upside, while USDCHF is testing its key low.
27.02.2020
Fibonacci Retracements Analysis 27.02.2020 (AUDUSD, USDCAD)
AUDUSD is steadily heading towards the multi-year fractal low, while USDCAD continues trading upwards after updating the previous high.