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.
EURUSD is about to start a correction to the upside, while USDJPY is reversing upwards.
After breaking a Triangle pattern, XAUUSD is expected to continue falling, while USDCHF is forming a new rising wave after a convergence.
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.