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 25.11.2020 (GBPUSD, EURJPY)

GBPUSD is getting very close to the resistance and may rebound from it, while EURJPY is forming another rising wave after completing the correction.

Fibonacci Retracements Analysis 24.11.2020 (EURUSD, USDJPY)

EURUSD has stopped growing at 76.0% fibo but may resume after a correction; USDJPY has skyrocketed again after a convergence on MACD.

Fibonacci Retracements Analysis 23.11.2020 (GOLD, USDCHF)

XAUUSD is still correcting after completing the descending impulse; USDCHF is expected to finish the correction and start a new impulse to the upside.

Fibonacci Retracements Analysis 20.11.2020 (BITCOIN, ETHEREUM)

Bitcoin is steadily approaching its all-time high, while Ethereum has recently broken the local high.

Fibonacci Retracements Analysis 19.11.2020 (AUDUSD, USDCAD)

AUDUSD is approaching the high at 0.7414 but may rebound from it, USDCAD is correcting after breaking the low.

Fibonacci Retracements Analysis 18.11.2020 (GBPUSD, EURJPY)

GBPUSD continues growing and may soon update the high, while EURJPY is completing the correction and may start a new rising impulse to reach the current high.

Fibonacci Retracements Analysis 10.11.2020 (EURUSD, USDJPY)

A new rising wave in EURUSD rebounded from 76.0% fibo but it doesn’t mean that the correction will continue; a convergence on MACD made USDJPY skyrocket after updating the low.

Fibonacci Retracements Analysis 09.11.2020 (GOLD, USDCHF)

After breaking the correctional downtrend, XAUUSD may test the high quite soon; USDCHF has broken the low and continues moving downwards.