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.
10.10.2019
Fibonacci Retracements Analysis 10.10.2019 (AUDUSD, USDCAD)
AUDUSD is protracting its short-term correction; USDCAD is trading sideways after completing a strong ascending impulse.
09.10.2019
Fibonacci Retracements Analysis 09.10.2019 (GBPUSD, EURJPY)
After completing the pullback, GBPUSD continues forming the descending wave; EURJPY is forming a new rising impulse after finishing the descending wave.
08.10.2019
Fibonacci Retracements Analysis 08.10.2019 (EURUSD, USDJPY)
EURUSD intends to reverse upwards; USDJPY is finishing the correction and trying to start a new rising wave.
07.10.2019
Fibonacci Retracements Analysis 07.10.2019 (GOLD, USDCHF)
XAUUSD is rising after the convergence, while USDCHF has reached a significant upside target, which was followed by the divergence.
03.10.2019
Fibonacci Retracements Analysis 03.10.2019 (AUDUSD, USDCAD)
After testing the mid-term low, AUDUSD is about to start a pullback; USDCAD has completed the correction and is currently forming a strong ascending impulse, which may reach the high.
02.10.2019
Fibonacci Retracements Analysis 02.10.2019 (GBPUSD, EURJPY)
GBPUSD has significantly corrected the previous rising wave, which means it may start a new growth; in case of EURJPY, the descending wave has slowed down a bit.
01.10.2019
Fibonacci Retracements Analysis 01.10.2019 (EURUSD, USDJPY)
After breaking the significant support, EURUSD continues falling; USDJPY is trying to start a new rising wave after finishing another pullback.
30.09.2019
Fibonacci Retracements Analysis 30.09.2019 (GOLD, USDCHF)
XAUUSD is about to finish the correction, while USDCHF is starting another descending wave after a slight pullback.