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.
23.08.2018
Fibonacci Retracements Analysis 23.08.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correctional uptrend.
22.08.2018
Fibonacci Retracements Analysis 22.08.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD reverse and start a new uptrend, which is heading towards the retracement of 23.6% at 1.3065.
21.08.2018
Fibonacci Retracements Analysis 21.08.2018 (EURUSD, USDJPY)
In the H4 chart, EURUSD is forming a new correction to the upside towards the retracement of 23.6% at 1.1580.
20.08.2018
Fibonacci Retracements Analysis 20.08.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the long-term correctional trend continues.
17.08.2018
Fibonacci Retracements Analysis 17.08.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new correction to the upside.
16.08.2018
Fibonacci Retracements Analysis 16.08.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after breaking the previous low, AUDUSD has reached the post-correctional extension area between the retracements of 138.2% and 161.8%.
15.08.2018
Fibonacci Retracements Analysis 15.08.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still moving downwards to reach the retracements of 61.8% and 76.0% at 1.2580 and 1.2170 respectively.
31.07.2018
Fibonacci Retracements Analysis 31.07.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the mid-term sideways movement continues.