Fibonacci Retracements Analysis

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.


Fibonacci Retracements Analysis 22.10.2019 (EURUSD, USDJPY)

EURUSD may reverse its long-term tendency, while USDJPY is trying to fix above its local lows.

Fibonacci Retracements Analysis 21.10.2019 (GOLD, USDCHF)

In case of XAUUSD, the short-term decline hasn’t transformed into a proper descending impulse, that’s why the pair may resume growing pretty soon; USDCHF is forming a strong descending impulse to

Fibonacci Retracements Analysis 18.10.2019 (BITCOIN, ETHEREUM)

After completing the correctional uptrend, Bitcoin is moving to the downside, while Ethereum is falling slowly and hesitantly.

Fibonacci Retracements Analysis 17.10.2019 (AUDUSD, USDCAD)

AUDUSD is trying to update its short-term high; USDCAD is still forming a mid-term sideways channel.

Fibonacci Retracements Analysis 16.10.2019 (GBPUSD, EURJPY)

After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.

Fibonacci Retracements Analysis 15.10.2019 (EURUSD, USDJPY)

EURUSD has slowed down its ascending tendency, while USDJPY may start a short-term pullback after breaking the high.

Fibonacci Retracements Analysis 14.10.2019 (GOLD, USDCHF)

Bears are trying to push XAUUSD towards the lows, but bulls are wide awake; USDCHF is correcting after the divergence.

Fibonacci Retracements Analysis 11.10.2019 (BITCOIN, ETHEREUM)

Bitcoin continues correcting to the upside, while Ethereum is about to start a new decline.