Fibonacci retracements are actively used by traders, 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.
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.
The Bitcoin and Ethereum keep in step: upon reaching the intermediate goal of correction the quotations began a pullback upwards.
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.
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.
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.
Gold still forms a pennant consolidation, which means a rise should be expected. USDCHF is forming a new declining impulse, developing a descending trend.
Both Bitcoin and Ethereum are starting new mid-term correctional wave with the closest targets at 8600.00 and 231.50 respectively.
After plunging, AUDUSD is trying to recover, while USDCAD is steadily trading downwards and testing 38.2% fibo.