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.
28.05.2019
Fibonacci Retracements Analysis 28.05.2019 (EURUSD, USDJPY)
EURUSD is correcting the previous rising impulse before a new growth. In case of USDJPY, the correction may take longer than expected.
27.05.2019
Fibonacci Retracements Analysis 27.05.2019 (GOLD, USDCHF)
XAUUSD is at crossroads: it may both rise and fall. USDCHF, in its turn, seems to be starting a new long-term downtrend.
23.05.2019
Fibonacci Retracements Analysis 23.05.2019 (AUDUSD, USDCAD)
AUDUSD eliminated the gap and may continue trading to the downside, while USDCAD is trying to break its sideways channel and forming an expanding one.
22.05.2019
Fibonacci Retracements Analysis 22.05.2019 (GBPUSD, EURJPY)
GBPUSD is about to start a short-term correction, but the bearish tendency is still dominating; in case of EURJPY, we can see a short-term correction as well.
21.05.2019
Fibonacci Retracements Analysis 21.05.2019 (EURUSD, USDJPY)
EURUSD is forming a sideways channel that won’t last long, while USDJPY is being corrected upwards after completing another descending wave.
20.05.2019
Fibonacci Retracements Analysis 20.05.2019 (GOLD, USDCHF)
XAUUSD has formed another descending wave, while USDCHF is being corrected upwards.
16.05.2019
Fibonacci Retracements Analysis 16.05.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is trading downwards steadily; it has already reached the retracement of 50.0%.
15.05.2019
Fibonacci Retracements Analysis 15.05.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after finishing the correctional uptrend, GBPUSD is forming a new descending wave to break the low at 1.2865.