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 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.

Fibonacci Retracements Analysis 10.10.2019 (AUDUSD, USDCAD)

AUDUSD is protracting its short-term correction; USDCAD is trading sideways after completing a strong ascending impulse.

Fibonacci Retracements Analysis 09.10.2019 (GBPUSD, EURJPY)

After completing the pullback, GBPUSD continues forming the descending wave; EURJPY is forming a new rising impulse after finishing the descending wave.