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.
01.08.2019
Fibonacci Retracements Analysis 01.08.2019 (AUDUSD, USDCAD)
AUDUSD is testing the support and may continue falling after breaking it, while USDCAD is about to complete the correction.
31.07.2019
Fibonacci Retracements Analysis 31.07.2019 (GBPUSD, EURJPY)
GBPUSD is moving towards its all-time low, while EURJPY has reached 76.0% fibo and formed the divergence.
30.07.2019
Fibonacci Retracements Analysis 30.07.2019 (EURUSD, USDJPY)
EURUSD is testing the low, while USDJPY is still forming the mid-term correction.
29.07.2019
Fibonacci Retracements Analysis 29.07.2019 (GOLD, USDCHF)
After breaking “Pennant” to the upside, XAUUSD is back to testing the broken area, while USDCHF is extending the correction by forming a new rising impulse.
25.07.2019
Fibonacci Retracements Analysis 25.07.2019 (AUDUSD, USDCAD)
AUDUSD is developing a strong descending wave after a divergence. USDCAD has entered a short-term ascending correction phase.
24.07.2019
Fibonacci Retracements Analysis 24.07.2019 (GBPUSD, EURJPY)
After short correcting growth GBPUSD is declining again; however, it may be another test of the minimum before a surge. EURJPY continues a smooth decline to 102.25.
23.07.2019
Fibonacci Retracements Analysis 23.07.2019 (EURUSD, USDJPY)
EURUSD is developing another impulse for decline after a correction. USDJPY is forming an impulse for growth inside a mid-term correction.
22.07.2019
Fibonacci Retracements Analysis 22.07.2019 (GOLD, USDCHF)
Gold has escaped the Pennant upwards and looks ready to continue growing after a short-term pullback. USDCHF is declining too slowly, which may signal an impulse of growth in proximity.