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.
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.
Gold keeps trading in a Triangle. A downtrend in USDCHF switches for correctional growth.
Bitcoin and Ethereum performing a steep dive after the second wave of the bearish phase.
AUDUSD and USDCAD are likely to correct but may still renew the extremes.
GBPUSD and EURJPY are preparing for a pullback after renewing the highs.
EURUSD has renewed the high and is now heading for 76.0% Fibo, USDJPY quotations are forming a correctional flat, having failed to break away the last high.