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 22.07.2019 (GOLD, USDCHF)

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.

Fibonacci Retracements Analysis 19.07.2019 (BTC, ETH)

The Bitcoin and Ethereum keep in step: upon reaching the intermediate goal of correction the quotations began a pullback upwards.

Fibonacci Retracements Analysis 18.07.2019 (AUDUSD, USDCAD)

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.

Fibonacci Retracements Analysis 17.07.2019 (GBPUSD, EURJPY)

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.

Fibonacci Retracements Analysis 16.07.2019 (EURUSD, USDJPY)

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.

Fibonacci Retracements Analysis 15.07.2019 (GOLD, USDCHF)

Gold still forms a pennant consolidation, which means a rise should be expected. USDCHF is forming a new declining impulse, developing a descending trend.

Fibonacci Retracements Analysis 12.07.2019 (BITCOIN, ETHEREUM)

Both Bitcoin and Ethereum are starting new mid-term correctional wave with the closest targets at 8600.00 and 231.50 respectively.

Fibonacci Retracements Analysis 11.07.2019 (AUDUSD, USDCAD)

After plunging, AUDUSD is trying to recover, while USDCAD is steadily trading downwards and testing 38.2% fibo.