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 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.

Fibonacci Retracements Analysis 14.01.2021 (AUDUSD, USDCAD)

AUDUSD continues growing, while USDCAD is updating its lows.

Fibonacci Retracements Analysis 13.01.2021 (GBPUSD, EURJPY)

GBPUSD may update its highs after a pullback, while EURJPY is falling after another divergence on MACD.

Fibonacci Retracements Analysis 12.01.2021 (EURUSD, USDJPY)

EURUSD is starting a new descending tendency, while USDJPY is forming a correction to the upside.

Fibonacci Retracements Analysis 11.01.2021 (GOLD, USDCHF)

After a correctional growth towards 61.8% fibo, XAUUSD has plummeted; in the case of USDCHF, the price has started a new correction to the upside after a convergence on MACD.

Fibonacci Retracements Analysis 06.01.2021 (GBPUSD, EURJPY)

GBPUSD may complete another correction soon and resume growing towards 1.40, while EURJPY is starting a new correction after a divergence on MACD.

Fibonacci Retracements Analysis 05.01.2021 (EURUSD, USDJPY)

EURUSD is testing the high and trying to continue the uptrend towards 1.2555, while USDJPY is still moving downwards but very slowly.