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.
10.06.2019
XAUUSD is being corrected before a new growth, while USDCHF is slowly trading within the long-term downtrend.
10.06.2019
In case of EURUSD, the correction may continue towards the 6/8 level, while GBPUSD bulls are trying to start a rising tendency.
06.06.2019
AUDUSD is forming a correctional uptrend within the descending tendency, while USDCAD is starting a new long-term downtrend.
05.06.2019
In case of GBPUSD, the ascending correction continues, while EURJPY is starting a short-term pullback.
04.06.2019
EURUSD is forming a rising impulse within the mid-term correction. In case of USDJPY, the decline continues, but the instrument may start a new pullback soon.
03.06.2019
XAUUSD is rising, while USDCHF is testing 1.0000.
30.05.2019
AUDUSD is starting a new correction, while USDCAD is trying to update its yearly lows.
29.05.2019
GBPUSD is starting a new correction, while EURJPY is still trading inside the mid-term downtrend.