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.
04.06.2018
Fibonacci Retracements Analysis 04.06.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is being corrected and has already reached the retracement of 23.6%.
01.06.2018
Fibonacci Retracements Analysis 01.06.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the downtrend continues; at the same time, the convergence is being formed, which may indicate a possible pullback to the upside.
31.05.2018
Fibonacci Retracements Analysis 31.05.2018 (AUDUSD, USDCAD)
In the H4 chart, AUDUSD is still being corrected to the upside; the uptrend is getting closer to the retracement of 50.0% at 0.7611.
30.05.2018
Fibonacci Retracements Analysis 30.05.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the downtrend continues; it has already reached the retracement of 76.0%.
29.05.2018
Fibonacci Retracements Analysis 29.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the downtrend continues.
28.05.2018
Fibonacci Retracements Analysis 28.05.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the convergence made XAUUSD reverse and start a new uptrend, which has already reached the retracement of 23.6%.
25.05.2018
Fibonacci Retracements Analysis 25.05.2018 (BITCOIN, ETHEREUM)
As we can see in the H1 chart, the convergence made BTCUSD complete the downtrend and start a new correction to the downside, which has already reached the retracement of 23.6%.
24.05.2018
Fibonacci Retracements Analysis 24.05.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, USDCAD has reached the retracement of 50.0% and started trading sideways.