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.
24.04.2018
Fibonacci Retracements Analysis 24.04.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is forming a new descending impulse.
23.04.2018
Fibonacci Retracements Analysis 23.04.2018 (GOLD, USDCHF)
In the H4 chart, USDCHF is still moving upwards.
20.04.2018
Fibonacci Retracements Analysis 20.04.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%.
19.04.2018
Fibonacci Retracements Analysis 19.04.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made USDCAD reverse and start a new correction to the upside, which has already reached the retracement of 23.6% at 1.2669.
18.04.2018
Fibonacci Retracements Analysis 18.04.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is forming the ascending impulse towards the post-correctional extension area between the retracements of 138.2 and 161.8% at 1.4352 and 1.4417 respectively.
17.04.2018
Fibonacci Retracements Analysis 17.04.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is forming a new ascending impulse.
16.04.2018
Fibonacci Retracements Analysis 16.04.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending correction, which has already reached the retracement of 50.0%.
13.04.2018
Fibonacci Retracements Analysis 13.04.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new correctional uptrend, which has already reached the retracement of 23.6%.