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.
23.05.2018
Fibonacci Retracements Analysis 23.05.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD continues its descending movement, which has already reached the retracement of 61.8%.
22.05.2018
Fibonacci Retracements Analysis 22.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after reaching the post-correctional extension area, EURUSD was forced by the convergence to reverse and start a new ascending movement.
21.05.2018
Fibonacci Retracements Analysis 21.05.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the downtrend continues; after completing a short-term correction to the upside, XAUUSD has broken the local low and reached the retracement of 61.8%.
11.05.2018
Fibonacci Retracements Analysis 11.05.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the divergence made BTCUSD complete the uptrend and start a new correction to the downside, which has already reached the retracement of 38.2% at 8605.60.
10.05.2018
Fibonacci Retracements Analysis 10.05.2018 (AUDUSD, USDCAD)
In the H4 chart, the convergence made AUDUSD complete the downtrend near the post-correctional extension area and start a new correction to the upside.
09.05.2018
Fibonacci Retracements Analysis 09.05.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD continues its descending movement, which has already reached the retracement of 61.8%.
08.05.2018
Fibonacci Retracements Analysis 08.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still being corrected to the downside.
07.05.2018
Fibonacci Retracements Analysis 07.05.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the correctional downtrend continues; it has already reached the retracement of 50.0% at 1300.80.