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 10.03.2021 (GBPUSD, EURJPY)

GBPUSD has stopped its decline in favor of a new short-term correction, while EURJPY is forming a Triangle correctional pattern.

Fibonacci Retracements Analysis 09.03.2021 (EURUSD, USDJPY)

The bearish phase in EURUSD may continue towards 1.1695; in the case of USDJPY, the uptrend is heading to reach 111.71.

Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF)

After breaking 38.2% fibo, XAUUSD is heading towards 50.0% fibo; in the case of USDCHF, the mid-term uptrend continues and has already broken 38.2% fibo.

Fibonacci Retracements Analysis 04.03.2021 (AUDUSD, USDCAD)

AUDUSD may fall after reaching 38.2% fibo, while USDCAD is starting a new correction to the upside.

Fibonacci Retracements Analysis 03.03.2021 (GBPUSD, EURJPY)

GBPUSD is forming a mid-term correction, while EURJPY is about to start a new rising wave after the pullback.

Fibonacci Retracements Analysis 02.03.2021 (EURUSD, USDJPY)

EURUSD stopped growing and may soon update its low at 1.1952; in the case of USDJPY, the price is trading upwards to reach 107.15.

Fibonacci Retracements Analysis 01.03.2021 (GOLD, USDCHF)

XAUUSD has plunged to 38.2% fibo but may yet continue falling towards 50.0% fibo; in the case of USDCHF, the mid-term uptrend continues.

Fibonacci Retracements Analysis 25.02.2021 (AUDUSD, USDCAD)

AUDUSD continues growing to reach 0.8292, while USDCAD is heading towards the fractal low after breaking 76.0% fibo.