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 30.11.2020 (GOLD, USDCHF)

Gold reached an important goal in a downtrend but a convergence hints on a reversal; USDCHF is again going down to the low of 0.8982.

Fibonacci Retracements Analysis 27.11.2020 (BITCOIN, ETHEREUM)

Bitcoin, Ethereum, and other cryptocurrencies are correcting after a long and slow rise.

Fibonacci Retracements Analysis 26.11.2020 (AUDUSD, USDCAD)

AUDUSD is slowly approaching the high at 0.7414 and rebound from it later, while USDCAD is moving downwards to break the low.

Fibonacci Retracements Analysis 25.11.2020 (GBPUSD, EURJPY)

GBPUSD is getting very close to the resistance and may rebound from it, while EURJPY is forming another rising wave after completing the correction.

Fibonacci Retracements Analysis 24.11.2020 (EURUSD, USDJPY)

EURUSD has stopped growing at 76.0% fibo but may resume after a correction; USDJPY has skyrocketed again after a convergence on MACD.

Fibonacci Retracements Analysis 23.11.2020 (GOLD, USDCHF)

XAUUSD is still correcting after completing the descending impulse; USDCHF is expected to finish the correction and start a new impulse to the upside.

Fibonacci Retracements Analysis 20.11.2020 (BITCOIN, ETHEREUM)

Bitcoin is steadily approaching its all-time high, while Ethereum has recently broken the local high.

Fibonacci Retracements Analysis 19.11.2020 (AUDUSD, USDCAD)

AUDUSD is approaching the high at 0.7414 but may rebound from it, USDCAD is correcting after breaking the low.