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.
14.09.2018
Fibonacci Retracements Analysis 14.09.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made ETHUSD start a new uptrend, which has almost reached the retracement of 38.2%.
13.09.2018
Fibonacci Retracements Analysis 13.09.2018 (AUDUSD, USDCAD)
Probably, AUDUSD may try to reverse its tendency.
12.09.2018
Fibonacci Retracements Analysis 12.09.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has reached the retracement of 23.6% and right now is still being corrected upwards.
11.09.2018
Fibonacci Retracements Analysis 11.09.2018 (EURUSD, USDJPY)
In the H4 chart, EURUSD has reached the retracement of 50.0% and started forming a new rising impulse, which is heading towards the retracements of 61.8 and 76.0% at 1.1653 and 1.1683 respectively.
10.09.2018
Fibonacci Retracements Analysis 10.09.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the USDCHF is forming a new short-term pullback inside the current mid-term downtrend.
07.09.2018
Fibonacci Retracements Analysis 07.09.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD has quickly formed the descending impulse to correct the previous uptrend by 76.0%.
06.09.2018
Fibonacci Retracements Analysis 06.09.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the downtrend continues.
05.09.2018
Fibonacci Retracements Analysis 05.09.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the divergence made EURJPY reverse and form a new descending impulse, which has already reached the retracement of 38.2%.