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.
15.08.2019
Fibonacci Retracements Analysis 15.08.2019 (AUDUSD, USDCAD)
AUDUSD continues forming Flag pattern, while USDCAD is still trading sideways.
14.08.2019
Fibonacci Retracements Analysis 14.08.2019 (GBPUSD, EURJPY)
GBPUSD continues forming the long-term descending tendency, but the convergence may indicate a new pullback; EURJPY is forming highly volatile correctional impulses while testing the low
13.08.2019
Fibonacci Retracements Analysis 13.08.2019 (EURUSD, USDJPY)
EURUSD is forming Flat pattern before starting anew growth; USDJPY is moving towards the low, but this decline is slowing down.
12.08.2019
Fibonacci Retracements Analysis 12.08.2019 (GOLD, USDCHF)
After reaching the significant resistance area, XAUUSD may get cheaper in the short-term, while USDCHF is “recharging” before “attacking” the low.
08.08.2019
Fibonacci Retracements Analysis 08.08.2019 (AUDUSD, USDCAD)
After finishing the descending wave, AUDUSD is starting a new correction; in case of USDCAD, there is a divergence, which indicates a reverse.
07.08.2019
Fibonacci Retracements Analysis 07.08.2019 (GBPUSD, EURJPY)
After reaching 76.0% fibo, GBPUSD may start a new correction to the upside; EURJPY has broken its significant low and is expected to start a correction.
06.08.2019
Fibonacci Retracements Analysis 06.08.2019 (EURUSD, USDJPY)
EURUSD skyrocketed, which may be the first reversal signal; USDJPY is being corrected to the upside, but may yet update its lows quite soon.
05.08.2019
Fibonacci Retracements Analysis 05.08.2019 (GOLD, USDCHF)
After completing the short-term correction, XAUUSD is skyrocketing towards 1510.00, while USDCHF is plummeting towards the low after the divergence.