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.
08.10.2018
Fibonacci Retracements Analysis 08.10.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after being corrected downwards by 61.8%, XAUUSD has formed a new rising impulse.
05.10.2018
Fibonacci Retracements Analysis 05.10.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after reaching the retracement of 50.0%, BTCUSD has started consolidating in the form of the Triangle pattern.
04.10.2018
Fibonacci Retracements Analysis 04.10.2018 (AUDUSD, USDCAD)
In the H4 chart, AUDUSD is forming another descending impulse inside the long-term downtrend; it has already broken the previous high.
03.10.2018
Fibonacci Retracements Analysis 03.10.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the divergence made EURJPY start a new correctional downtrend, which has already reached the retracement of 23.6%.
02.10.2018
Fibonacci Retracements Analysis 02.10.2018 (EURUSD, USDJPY)
In the H4 chart, the divergence made EURUSD reverse and start a new impulse.
01.10.2018
Fibonacci Retracements Analysis 01.10.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is trying to stop its correctional sideways movement and resume falling.
27.09.2018
Fibo Analysis: AUD/USD and USD/CAD, 27.09.2018
On H4, the ascending trend on AUDUSD has stopped for a while.