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.
02.04.2018
Fibonacci Retracements Analysis 02.04.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the previous ascending impulse hasn’t been able to break the resistance level and, as a result, the pair has resumed the mid-term correction.
30.03.2018
Fibonacci Retracements Analysis 30.03.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 6595.00 and 6145.00 respectively.
29.03.2018
Fibonacci Retracements Analysis 29.03.2018 (AUDUSD, USDCAD)
In the H4 chart, the downtrend continues towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.7634 and 0.7587 respectively.
28.03.2018
Fibonacci Retracements Analysis 28.03.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is forming a new ascending impulse inside the long-term uptrend.
27.03.2018
Fibonacci Retracements Analysis 27.03.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after breaking the low, USDJPY is still falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 104.47 and 103.98 respectively.
26.03.2018
Fibonacci Retracements Analysis 26.03.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after completing the correction, the pair is forming a new ascending impulse, which has already reached the retracement of 76.0%.
23.03.2018
Fibonacci Retracements Analysis 23.03.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new correction, which has already reached the retracement of 38.2%.
22.03.2018
Fibonacci Retracements Analysis 22.03.2018 (AUDUSD, USDCAD)
In the H4 chart, the convergence made the pair finish the correction, which almost reached the retracement of 76.0%, reverse upwards, and start a new ascending impulse.