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.
19.07.2019
Fibonacci Retracements Analysis 19.07.2019 (BTC, ETH)
The Bitcoin and Ethereum keep in step: upon reaching the intermediate goal of correction the quotations began a pullback upwards.
18.07.2019
Fibonacci Retracements Analysis 18.07.2019 (AUDUSD, USDCAD)
AUDUSD is approaching the last local maximum, developing an ascending correction. USDCAD tries ever so hard to continue declining, but a convergence promises an upcoming correction.
17.07.2019
Fibonacci Retracements Analysis 17.07.2019 (GBPUSD, EURJPY)
GBPUSD has stopped declining at the long-term minimum before a bounce; however, the descending trend is predominant. EURJPY is declining gradually, still inside a correction channel.
16.07.2019
Fibonacci Retracements Analysis 16.07.2019 (EURUSD, USDJPY)
EURUSD is on a crossroads: going up is hard, going down is scary; however, pon a pullback a decline should be expected. USDJPY may hit the local maximums.
15.07.2019
Fibonacci Retracements Analysis 15.07.2019 (GOLD, USDCHF)
Gold still forms a pennant consolidation, which means a rise should be expected. USDCHF is forming a new declining impulse, developing a descending trend.
11.07.2019
Fibonacci Retracements Analysis 11.07.2019 (AUDUSD, USDCAD)
After plunging, AUDUSD is trying to recover, while USDCAD is steadily trading downwards and testing 38.2% fibo.
10.07.2019
Fibonacci Retracements Analysis 10.07.2019 (GBPUSD, EURJPY)
GBPUSD is trading close to the low, but may start a new pullback from this area; in case of EURJPY, the correction continues, but a new descending wave is “round the corner”.
09.07.2019
Fibonacci Retracements Analysis 09.07.2019 (EURUSD, USDJPY)
After plunging due to the NFP statistics, EURUSD is steadily falling towards the lows, while USDJPY is about to complete the correctional uptrend that may be followed by a new wave to the downside.