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.
08.03.2018
Fibonacci Retracements Analysis 08.03.2018 (AUDUSD, USDCAD)
In the H4 chart, AUDUSD is being corrected upwards after completing the previous descending impulse.
07.03.2018
Fibonacci Retracements Analysis 07.03.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD reverse and start a new ascending impulse, which has already reached the retracement of 61.8%.
06.03.2018
Fibonacci Retracements Analysis 06.03.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the descending correction has already reached the retracement of 61.8%.
05.03.2018
Fibonacci Retracements Analysis 05.03.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is being corrected to downside and has already reached the retracement of 50.0%.
01.03.2018
Fibonacci Retracements Analysis 01.03.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after breaking the previous high, USDCAD has reached the post-correctional extension area between the retracements of 138.2% and 161.8%.
28.02.2018
Fibonacci Retracements Analysis 28.02.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still forming the mid-term descending correction and has already reached the retracement of 61.8%.
27.02.2018
Fibonacci Retracements Analysis 27.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the divergence made EURUSD start a new correction, which has almost reached the retracement of 38.2%.
26.02.2018
Fibonacci Retracements Analysis 26.02.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is trading inside the triangle pattern, which means that the price is still being corrected downwards and has already reached the retracement of 38.2%.