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.
11.12.2019
Fibonacci Retracements Analysis 11.12.2019 (GBPUSD, EURJPY)
In case of GBPUSD, there is a divergence on MACD, which indicates a new decline soon; EURJPY is about to start a new rising impulse to reach its highs.
10.12.2019
Fibonacci Retracements Analysis 10.12.2019 (EURUSD, USDJPY)
After completing a steady rising impulse, EURUSD is forming a quick correction, which may later be followed by a further growth; USDJPY has stopped falling at 23.6% fibo.
09.12.2019
Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)
After falling and testing 38.2% fibo, XAUUSD is still correcting; USDCHF has rebounded from after its previous highs and right now is heading downwards again.
05.12.2019
Fibonacci Retracements Analysis 05.12.2019 (AUDUSD, USDCAD)
The convergence made AUDUSD complete its decline and start a new rising wave to reach the high, while USDCAD plunged after two weeks of moving sideways.
04.12.2019
Fibonacci Retracements Analysis 04.12.2019 (GBPUSD, EURJPY)
GBPUSD is trying to break the sideways channel to the upside, while EURJPY is about to start a new rising impulse to reach its highs.
03.12.2019
Fibonacci Retracements Analysis 03.12.2019 (EURUSD, USDJPY)
EURUSD is steadily trading upwards to update the high, while USDJPY is about to reverse after the divergence.
02.12.2019
Fibonacci Retracements Analysis 02.12.2019 (GOLD, USDCHF)
After falling and reaching 38.2% fibo, XAUUSD is correcting again; USDCHF is heading towards the high where it may later start a short-term pullback.
21.11.2019
Fibonacci Retracements Analysis 21.11.2019 (AUDUSD, USDCAD)
AUDUSD is correcting after finishing the first descending wave, while USDCAD continues growing towards the highs.