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.
04.05.2018
Fibonacci Retracements Analysis 04.05.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD has finished its short-term correction and started a new ascending impulse.
03.05.2018
Fibonacci Retracements Analysis 03.05.2018 (AUDUSD, USDCAD)
In the H4 chart, the downtrend continues, but at the same time one can see the convergence being formed, which may indicate a possible pullback.
02.05.2018
Fibonacci Retracements Analysis 02.05.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD continues its descending movement, which has already reached the retracement of 50.0%.
01.05.2018
Fibonacci Retracements Analysis 01.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still being corrected to the downside.
30.04.2018
Fibonacci Retracements Analysis 30.04.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD finish its ascending impulse, reverse, and start a new correction to the downside, which has already reached the retracement of 76.0%.
27.04.2018
Fibonacci Retracements Analysis 27.04.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the divergence made BTCUSD reverse and start a new correctional downtrend, which has already reached the retracement of 23.6%.
26.04.2018
Fibonacci Retracements Analysis 26.04.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made USDCAD reverse and start a new uptrend, which has already reached the retracement of 61.8%.
25.04.2018
Fibonacci Retracements Analysis 25.04.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the divergence made GBPUSD reverse and start a new descending movement, which has already reached the retracement of 61.8%.