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.
24.06.2019
Fibonacci Retracements Analysis 24.06.2019 (GOLD, USDCHF)
XAUUSD has almost reached the long-term resistance and may reverse quite soon, while USDCHF is steadily trading downwards.
20.06.2019
Fibonacci Retracements Analysis 20.06.2019 (AUDUSD, USDCAD)
Both instruments have completed their corrections; right now, AUDUSD and USDCAD are quickly falling to update their yearly lows.
19.06.2019
Fibonacci Retracements Analysis 19.06.2019 (GBPUSD, EURJPY)
Both instruments are heading to update their key lows, but GBPUSD is falling faster than EURJPY.
18.06.2019
Fibonacci Retracements Analysis 18.06.2019 (EURUSD, USDJPY)
EURUSD is about to complete the pullback and start a new rising impulse, while USDJPY is trying to break through the long sideways channel.
17.06.2019
Fibonacci Retracements Analysis 17.06.2019 (GOLD, USDCHF)
After updating the high, XAUUSD may start a new correction, but the uptrend may continue as well, while USDCHF is finishing the correction before a new descending wave.
13.06.2019
Fibonacci Retracements Analysis 13.06.2019 (AUDUSD, USDCAD)
AUDUSD is forming a new descending tendency, but it has failed to break the low yet; USDCAD is forming a rising correction before a new descending impulse.
12.06.2019
Fibonacci Retracements Analysis 12.06.2019 (GBPUSD, EURJPY)
Both instruments are about to complete their corrections, but the time when they may break their lows remains questionable.
11.06.2019
Fibonacci Retracements Analysis 11.06.2019 (EURUSD, USDJPY)
Both instruments are being corrected: EURUSD is steadily trading upwards, while USDJPY is moving inside a narrow range.