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.
29.01.2020
Fibonacci Retracements Analysis 29.01.2020 (GBPUSD, EURJPY)
GBPUSD is trading towards Triangle’s downside border, while EURJPY continues testing mid-term 38.2% fibo.
28.01.2020
Fibonacci Retracements Analysis 28.01.2020 (EURUSD, USDJPY)
The descending correction in EURUSD is slowing down, while USDJPY is forming a mid-term wave to the downside.
27.01.2020
Fibonacci Retracements Analysis 27.01.2020 (GOLD, USDCHF)
XAUUSD is trading upwards and may update the high, while the correction in USDCHF is moving very slowly.
23.01.2020
Fibonacci Retracements Analysis 23.01.2020 (AUDUSD, USDCAD)
The convergence is finishing the downtrend in AUDUSD; the news made USDCAD skyrocket.
22.01.2020
Fibonacci Retracements Analysis 22.01.2020 (GBPUSD, EURJPY)
GBPUSD is stuck inside Triangle pattern, but may break it upwards; after updating the high, EURJPY is forming a new pullback, which may be over soon.
21.01.2020
Fibonacci Retracements Analysis 21.01.2020 (EURUSD, USDJPY)
EURUSD is still correcting downwards, while USDJPY is about to start a new pullback after reaching 76.0% fibo.
20.01.2020
Fibonacci Retracements Analysis 20.01.2020 (GOLD, USDCHF)
XAUUSD may yet continue trading downwards, while the convergence on MACD indicates that USDCHF may start a new correctional uptrend.
16.01.2020
Fibonacci Retracements Analysis 16.01.2020 (AUDUSD, USDCAD)
In case of AUDUSD, the correction is very slow; USDCAD is correcting sideways.