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.
20.11.2019
Fibonacci Retracements Analysis 20.11.2019 (GBPUSD, EURJPY)
GBPUSD and EURJPY have been correcting for the second consecutive month. After a slight growth, both instruments may resume falling towards their respective lows.
19.11.2019
Fibonacci Retracements Analysis 19.11.2019 (EURUSD, USDJPY)
EURUSD is forming a new rising wave, while USDJPY is falling after the divergence.
18.11.2019
Fibonacci Retracements Analysis 18.11.2019 (GOLD, USDCHF)
XAUUSD is correcting, but the descending tendency may yet continue; USDCHF hasn’t been able to stop the correction.
14.11.2019
Fibonacci Retracements Analysis 14.11.2019 (AUDUSD, USDCAD)
AUDUSD is starting a new mid-term descending wave towards the low at 0.6670, while USDCAD is slowing down its growth.
13.11.2019
Fibonacci Retracements Analysis 13.11.2019 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are still forming their descending corrections.
12.11.2019
Fibonacci Retracements Analysis 12.11.2019 (EURUSD, USDJPY)
EURUSD has almost reached its correctional targets, so it may start a new rising wave pretty soon; USDJPY continues growing, but the mi-term divergence indicates a possible reverse.
11.11.2019
Fibonacci Retracements Analysis 11.11.2019 (GOLD, USDCHF)
XAUUSD has broken the sideways channel to the downside; USDCHF continues trading upwards and may reach this year’s highs.
07.11.2019
Fibonacci Retracements Analysis 07.11.2019 (AUDUSD, USDCAD)
AUDUSD is moving downwards after the divergence, while USDCAD is forming a new ascending after completing the correction.