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 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.

Fibonacci Retracements Analysis 24.02.2021 (GBPUSD, EURJPY)

GBPUSD has easily broken 1.40 and continues moving upwards, while EURJPY is approaching the long-term 61.8% fibo at 128.68.

Fibonacci Retracements Analysis 23.02.2021 (EURUSD, USDJPY)

EURUSD is decisive to rise to at least 1.2254, USDJPY is pulling back upon renewing the peak.

Fibonacci Retracements Analysis 22.02.2021 (GOLD, USDCHF)

XAUUSD is preparing a pullback after a test of the local low. A new impulse of growth in USDCHF is aimed at the high of 0.9046.

Fibonacci Retracements Analysis 19.02.2021 (BITCOIN, ETHEREUM)

Both Bitcoin and Ethereum continue updating their respective highs but the correction may be quick and deep.

Fibonacci Retracements Analysis 18.02.2021 (AUDUSD, USDCAD)

AUDUSD is aiming at 0.8 but may reach it only after completing the correction; in the case of USDCAD, the price has tested the low but may try to resume growing again.