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.
25.12.2019
Fibonacci Retracements Analysis 25.12.2019 (GBPUSD, EURJPY)
GBPUSD has almost reached the mid-term support, while EURJPY is falling towards the local support at 120.50 after the divergence.
24.12.2019
Fibonacci Retracements Analysis 24.12.2019 (EURUSD, USDJPY)
EURUSD is no longer correcting downwards, while USDJPY is still trading sideways and waiting for a chance to break the high.
23.12.2019
Fibonacci Retracements Analysis 23.12.2019 (GOLD, USDCHF)
XAUUSD is still correcting upwards and trying to test 38.2% fibo, while USDCHF is about to complete its decline, which may later be followed by a new rising wave.
19.12.2019
Fibonacci Retracements Analysis 19.12.2019 (AUDUSD, USDCAD)
After updating the high, AUDUSD is correcting, but not for long; in case of USDCAD, the downtrend is heading towards the low at 1.3042.
18.12.2019
Fibonacci Retracements Analysis 18.12.2019 (GBPUSD, EURJPY)
GBPUSD is correcting downwards, while EURJPY is heading to reach its mid-term high at 123.36.
17.12.2019
Fibonacci Retracements Analysis 17.12.2019 (EURUSD, USDJPY)
After updating the high, EURUSD is correcting, but may resume growing later; USDJPY has rebounded from 23.6% fibo and right now is testing the high.
16.12.2019
Fibonacci Retracements Analysis 16.12.2019 (GOLD, USDCHF)
XAUUSD attempted to test 38.2% fibo once again, while USDCHF fell and reached 61.8% fibo.
12.12.2019
Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)
AUDUSD is growing towards the high at 0.6929, while USDCAD stopped skyrocketing and started plunging.