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.
23.02.2018
Fibonacci Retracements Analysis 23.02.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the divergence made BTCUSD reverse and start a new descending impulse, which has already reached the retracement of 38.2%.
22.02.2018
Fibonacci Retracements Analysis 22.02.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after failing to continue the uptrend, AUDUSD has started a new descending impulse.
21.02.2018
Fibonacci Retracements Analysis 21.02.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is finishing the local ascending correction, which has reached the retracement of 38.2%.
20.02.2018
Fibonacci Retracements Analysis 20.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after testing the high, EURUSD started a new correction, which has already reached the retracement of 23.6%.
19.02.2018
Fibonacci Retracements Analysis 19.02.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is still forming the ascending impulse.
15.02.2018
Fibonacci Retracements Analysis 15.02.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD has been corrected by 76.0% and right now is starting a new ascending impulse towards new highs.
14.02.2018
Fibonacci Retracements Analysis 14.02.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still being corrected downwards; it has already reached the retracement of 50.0%.
13.02.2018
Fibonacci Retracements Analysis 13.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has been corrected downwards by 50.0% and right now is starting a new ascending impulse.