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.
Bitcoin is showing the first signs of a new rising wave, while Ethereum may update its low.
Both AUDUSD and USDCAD have changed their directions after a divergence and a convergence respectively.
Both GBPUSD and EURJPY were supported by 38.2% fibo but their respective downtrends may continue.
EURUSD is slowly correcting after a divergence, while USDJPY is slowing down its downtrend.
XAUUSD continues trading within a Triangle pattern, while the downtrend in USDCHF is consolidating at the long-term 38.2% fibo.
AUDUSD and USDCAD finish correction; the market may renew the highs.
GBPUSD and EURJPY developing a decline after a divergence.
EURUSD started correcting after a test of the psychological resistance level of 1.2000. USDJPY remains in a sideways flat.