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 26.01.2021 (EURUSD, USDJPY)

EURUSD is falling again and the next downside target may be the psychologically-crucial area at 1.20; in the case of USDJPY, the price is trying to reach 23.6% fibo at 104.74.

Fibonacci Retracements Analysis 25.01.2021 (GOLD, USDCHF)

The current short-term correctional uptrend in XAUUSD may transform into a proper rising wave; in the case of USDCHF, the price is finishing the local pullback and may start a new growth towards 76.0% fibo at 0.9012.

Fibonacci Retracements Analysis 22.01.2021 (BITCOIN, ETHEREUM)

Bearish pressure made both Bitcoin and Ethereum form their respective correctional channels.

Fibonacci Retracements Analysis 21.01.2021 (AUDUSD, USDCAD)

AUDUSD is growing after completing another pullback, while USDCAD keeps updating its lows.

Fibonacci Retracements Analysis 20.01.2021 (GBPUSD, EURJPY)

GBPUSD is approaching the highs after finishing a short-term pullback; in the case of EURJPY, the price has completed a correction after a divergence on MACD and is about to resume growing.

Fibonacci Retracements Analysis 19.01.2021 (EURUSD, USDJPY)

EURUSD is starting a new pullback but may form another descending wave soon, while USDJPY is trying to forming one more wave to the upside to reach 23.6% fibo at 104.74.

Fibonacci Retracements Analysis 18.01.2021 (GOLD, USDCHF)

XAUUSD may start a short-term correctional uptrend after a convergence, while USDCHF has reached 50.0% fibo.

Fibonacci Retracements Analysis 15.01.2021 (BITCOIN, ETHEREUM)

Both Bitcoin and Ethereum are forming new waves to the upside but the bearish pressure remains pretty strong.