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.
26.06.2018
Fibonacci Retracements Analysis 26.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY is being corrected downwards and has already reached the retracement of 50.0%.
25.06.2018
Fibonacci Retracements Analysis 25.06.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is trading to the downside and has already reached the post-correctional extension area between the retracements of 138.2% and 161.8%.
22.06.2018
Fibonacci Retracements Analysis 22.06.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is trading upwards; after the correction reached the retracement of 38.2%, the pair has started moving sideways.
21.06.2018
Fibonacci Retracements Analysis 21.06.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, USDCAD is trading upwards.
20.06.2018
Fibonacci Retracements Analysis 20.06.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has broken the short-term low and right now is still being corrected downwards.
19.06.2018
Fibonacci Retracements Analysis 19.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the divergence made USDJPY reverse and started a new downtrend, which has already reached the retracement of 38.2%.
18.06.2018
Fibonacci Retracements Analysis 18.06.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after being corrected to the upside by 38.2%, XAUUSD has broken the low and started a new descending impulse.
15.06.2018
Fibonacci Retracements Analysis 15.06.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is still trading downwards; it has already passed through towards the post-correctional extension area between the retracements of 138.2% and 161.8%.