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.
19.10.2018
Fibonacci Retracements Analysis 19.10.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after finishing the ascending impulse, ETHUSD started a new pullback to the downside.
18.10.2018
Fibonacci Retracements Analysis 18.10.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is being corrected and has already reached the retracement of 38.2%.
17.10.2018
Fibonacci Retracements Analysis 17.10.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, after being corrected by 76.0%, GBPUSD started a new pullback.
16.10.2018
Fibonacci Retracements Analysis 16.10.2018 (EURUSD, USDJPY)
In the H4 chart, the uptrend continues; it has already reached the retracement of 38.2%.
12.10.2018
Fibonacci Retracements Analysis 12.10.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, ETHUSD has broken the consolidation range in the form of the Triangle pattern to the downside.
11.10.2018
Fibonacci Retracements Analysis 11.10.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after breaking the low, AUDUSD has started a new correction.
10.10.2018
Fibonacci Retracements Analysis 10.10.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, after completing the correction, GBPUSD started a new rising impulse, which is getting closer to the retracement of 76.0% at 1.3207.
09.10.2018
Fibonacci Retracements Analysis 09.10.2018 (EURUSD, USDJPY)
As we can see in the H1 chart, EURUSD is testing the short-term low.