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.
04.09.2018
Fibonacci Retracements Analysis 04.09.2018 (EURUSD, USDJPY)
In the H4 chart, EURUSD has completed the correctional uptrend close to the retracement of 38.2% and right now is forming a new descending impulse.
03.09.2018
Fibonacci Retracements Analysis 03.09.2018 (GOLD, USDCHF)
In the H1 chart, the convergence made USDCHF reverse and start a new rising correction, which has already reached the retracement of 23.6%.
31.08.2018
Fibonacci Retracements Analysis 31.08.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, ETHUSD is still being corrected upwards and has already reached the retracement of 23.6%.
30.08.2018
Fibonacci Retracements Analysis 30.08.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is being corrected in the form of the Triangle pattern.
29.08.2018
Fibonacci Retracements Analysis 29.08.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD slow down its growth.
28.08.2018
Fibonacci Retracements Analysis 28.08.2018 (EURUSD, USDJPY)
In the H4 chart, EURUSD is still being corrected to the upside towards the retracement of 38.2% at 1.1750.
27.08.2018
Fibonacci Retracements Analysis 27.08.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is being corrected upwards and has already reached the retracement of 23.6%.
24.08.2018
Fibonacci Retracements Analysis 24.08.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is forming a new correction to the upside, which has already reached the retracement of 38.2%.