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.
15.01.2020
Fibonacci Retracements Analysis 15.01.2020 (GBPUSD, EURJPY)
GBPUSD is moving towards the local low; after testing the mid-term support and failing to continue its decline, EURJPY is trading to attack the highs.
14.01.2020
Fibonacci Retracements Analysis 14.01.2020 (EURUSD, USDJPY)
EURUSD is finishing the correction and about to start a new rising impulse, while USDJPY has updated its weekly highs and may attach the year’s high at 112.40.
13.01.2020
Fibonacci Retracements Analysis 13.01.2020 (GOLD, USDCHF)
XAUUSD has corrected to the downside by 38.2%; USDCHF is correcting upwards, but the downtrend may resume soon.
09.01.2020
Fibonacci Retracements Analysis 09.01.2020 (AUDUSD, USDCAD)
In case of AUDUSD, a steady decline was slowed down for a correction; after updating the low, USDCAD is starting a new correction.
08.01.2020
Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)
GBPUSD has rebounded from the mid-term support, but the next descending wave may break it; EURJPY has tested the mid-term support, which means that it may continue moving downwards.
31.12.2019
Fibonacci Retracements Analysis 31.12.2019 (EURUSD, USDJPY)
After updating its local high, EURUSD continues the mid-term uptrend, while USDJPY is forming a new descending wave after failing to break the high.
30.12.2019
Fibonacci Retracements Analysis 30.12.2019 (GOLD, USDCHF)
In case of XAUUSD, the correction has transformed into a proper rising wave, which is heading towards the high; USDCHF is moving to reach the fractal low at 0.9660 after finishing the correction.
26.12.2019
Fibonacci Retracements Analysis 26.12.2019 (AUDUSD, USDCAD)
AUDUSD is forming another rising wave to update the high, while USDCAD is correcting before attacking the low at 1.3042.