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.
26.02.2020
Fibonacci Retracements Analysis 26.02.2020 (GBPUSD, EURJPY)
GBPUSD has reached one of the most significant correctional levels, thus indicating that the descending tendency may be over, while EURJPY is correcting before starting a new ascending impulse towards the high at 122.87.
25.02.2020
Fibonacci Retracements Analysis 25.02.2020 (EURUSD, USDJPY)
EURUSD is starting a new pullback but the mid-term decline isn’t over yet; after testing the high, USDJPY is falling.
24.02.2020
Fibonacci Retracements Analysis 24.02.2020 (GOLD, USDCHF)
XAUUSD is quickly and steadily growing towards its long-term high, while USDCHF is falling after the divergence.
20.02.2020
Fibonacci Retracements Analysis 20.02.2020 (AUDUSD, USDCAD)
AUDUSD, overcoming the long-term low, keeps developing a downtrend; USDCAD is still correcting.
19.02.2020
Fibonacci Retracements Analysis 19.02.2020 (GBPUSD, EURJPY)
GBPUSD is in a short-term correctional phase, after which a new wave of decline is to be expected. The downtrend of EURJPY has reached 61.8% Fibo and keeps developing.
18.02.2020
Fibonacci Retracements Analysis 18.02.2020 (EURUSD, USDJPY)
EURUSD is trying to fix below its long-term low, while USDJPY is about to resume falling after testing the highs.
17.02.2020
Fibonacci Retracements Analysis 17.02.2020 (GOLD, USDCHF)
In the case of XAUUSD, the correction is transforming into a Triangle pattern; as for USDCHF, a new ascending impulse has reached 50.0% fibo.
13.02.2020
Fibonacci Retracements Analysis 13.02.2020 (AUDUSD, USDCAD)
After testing the low, AUDUSD is correcting upwards; in the case of USDCAD, the uptrend has transformed into a pullback.