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.
12.09.2019
Fibonacci Retracements Analysis 12.09.2019 (AUDUSD, USDCAD)
AUDUSD continues the correctional uptrend, while USDCAD is correcting after finishing the descending wave.
11.09.2019
Fibonacci Retracements Analysis 11.09.2019 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are quickly correcting to the upside, thus indicating possible pullbacks in the future.
10.09.2019
Fibonacci Retracements Analysis 10.09.2019 (EURUSD, USDJPY)
After rebounding from the post-correctional extension area, EURUSD is correcting to the upside; USDJPY has reached the second important level within the correctional uptrend.
09.09.2019
Fibonacci Retracements Analysis 09.09.2019 (GOLD, USDCHF)
XAUUSD is starting a new mid-term decline; USDCHF is forming a new impulse to the upside within the correction.
05.09.2019
Fibonacci Retracements Analysis 05.09.2019 (AUDUSD, USDCAD)
AUDUSD continues the correction, while USDCAD is trading downwards after updating the high.
04.09.2019
Fibonacci Retracements Analysis 04.09.2019 (GBPUSD, EURJPY)
After completing the pullback, GBPUSD has updated the low; EURJPY is slowing down its decline, thus indicating a possible correction soon.
03.09.2019
Fibonacci Retracements Analysis 03.09.2019 (EURUSD, USDJPY)
After completing the short-term correction, EURUSD is still forming its descending tendency, while USDJPY is testing the first important area within the correctional uptrend.
02.09.2019
Fibonacci Retracements Analysis 02.09.2019 (GOLD, USDCHF)
In case of XAUUSD, the current correction may transform into a new mid-term decline; USDCHF is correcting to the upside after the convergence.