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.
24.10.2019
AUDUSD continues the mid-term uptrend within the correction, while USDCAD is trying to form a new descending impulse within the long-term trend.
23.10.2019
Both GBPUSD and EURJPY are completing their rising waves, which may be followed by new correctional downtrends.
22.10.2019
EURUSD may reverse its long-term tendency, while USDJPY is trying to fix above its local lows.
21.10.2019
In case of XAUUSD, the short-term decline hasn’t transformed into a proper descending impulse, that’s why the pair may resume growing pretty soon; USDCHF is forming a strong descending impulse to
17.10.2019
AUDUSD is trying to update its short-term high; USDCAD is still forming a mid-term sideways channel.
16.10.2019
After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.
15.10.2019
EURUSD has slowed down its ascending tendency, while USDJPY may start a short-term pullback after breaking the high.
14.10.2019
Bears are trying to push XAUUSD towards the lows, but bulls are wide awake; USDCHF is correcting after the divergence.