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 11.12.2019 (GBPUSD, EURJPY)

In case of GBPUSD, there is a divergence on MACD, which indicates a new decline soon; EURJPY is about to start a new rising impulse to reach its highs.

Fibonacci Retracements Analysis 10.12.2019 (EURUSD, USDJPY)

After completing a steady rising impulse, EURUSD is forming a quick correction, which may later be followed by a further growth; USDJPY has stopped falling at 23.6% fibo.

Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)

After falling and testing 38.2% fibo, XAUUSD is still correcting; USDCHF has rebounded from after its previous highs and right now is heading downwards again.

Fibonacci Retracements Analysis 06.12.2019 (BITCOIN, ETHEREUM)

Both Bitcoin and Ethereum are forming short-term corrections, which may later be followed by further decline towards their key lows.

Fibonacci Retracements Analysis 05.12.2019 (AUDUSD, USDCAD)

The convergence made AUDUSD complete its decline and start a new rising wave to reach the high, while USDCAD plunged after two weeks of moving sideways.

Fibonacci Retracements Analysis 04.12.2019 (GBPUSD, EURJPY)

GBPUSD is trying to break the sideways channel to the upside, while EURJPY is about to start a new rising impulse to reach its highs.

Fibonacci Retracements Analysis 03.12.2019 (EURUSD, USDJPY)

EURUSD is steadily trading upwards to update the high, while USDJPY is about to reverse after the divergence.

Fibonacci Retracements Analysis 02.12.2019 (GOLD, USDCHF)

After falling and reaching 38.2% fibo, XAUUSD is correcting again; USDCHF is heading towards the high where it may later start a short-term pullback.