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.
EURUSD is moving downwards to break the low at 1.1027, while USDJPY is forming a correction.
Gold is forming a reversal pattern around the long-term level of 61.8%. USDCHF has gone upwards correcting upon the renewal of the minimum.
After failing to grow, Bitcoin has formed another descending structure and reached 61.8% fibo, while Ethereum is getting closer to 76.0% fibo.
AUDUSD continues forming Flag pattern, while USDCAD is still trading sideways.
GBPUSD continues forming the long-term descending tendency, but the convergence may indicate a new pullback; EURJPY is forming highly volatile correctional impulses while testing the low
EURUSD is forming Flat pattern before starting anew growth; USDJPY is moving towards the low, but this decline is slowing down.
After reaching the significant resistance area, XAUUSD may get cheaper in the short-term, while USDCHF is “recharging” before “attacking” the low.
Bitcoin is moving to reach the high, but doesn’t seem to be strong enough; Ethereum is still trading sideways.