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.
14.06.2018
Fibonacci Retracements Analysis 14.06.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, USDCAD is still trading sideways.
13.06.2018
Fibonacci Retracements Analysis 13.06.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected upwards; the pair has almost reached the retracement of 23.6% at 1.3482, but then started consolidating.
12.06.2018
Fibonacci Retracements Analysis 12.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY has started a new rising impulse, which is heading towards the retracement of 76.0% at 110.62.
11.06.2018
Fibonacci Retracements Analysis 11.06.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is being corrected sideways and has already reached the retracement of 23.6%.
08.06.2018
Fibonacci Retracements Analysis 08.06.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is being corrected to the upside and has already reached the retracement of 38.2%.
07.06.2018
Fibonacci Retracements Analysis 07.06.2018 (AUDUSD, USDCAD)
In the H4 chart, AUDUSD is still being corrected to the upside and has already reached the retracement of 61.8%.
06.06.2018
Fibonacci Retracements Analysis 06.06.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD complete the downtrend and start a new correction to the upside.
05.06.2018
Fibonacci Retracements Analysis 05.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD reverse and start a new uptrend, which has already reached the retracement of 23.6%.