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.
12.02.2018
Fibonacci Retracements Analysis 12.02.2018 (GOLD, USDCHF)
In the H4 chart, the descending correction continues; it has already reached the retracement of 38.2%.
08.02.2018
Fibonacci Retracements Analysis 08.02.2018 (AUDUSD, USDCAD)
In the H4 chart, AUDUSD is still being corrected to the downside and has already reached the retracement of 50.0%.
07.02.2018
Fibonacci Retracements Analysis 07.02.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still being corrected downwards and has almost reached the retracement of 50.0% at 1.3821.
06.02.2018
Fibonacci Retracements Analysis 06.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is being corrected to the downside and has already reached the retracement of 23.6%.
05.02.2018
Fibonacci Retracements Analysis 05.02.2018 (GOLD, USDCHF)
In the H4 chart, the divergence made XAUUSD start a new descending correction, which has already reached the retracement of 23.6%.
01.02.2018
Fibonacci Retracements Analysis 01.02.2018 (AUD/USD, USD/CAD)
In the H4 chart, the divergence made the pair start a new correction to the downside.
31.01.2018
Fibonacci Retracements Analysis 31.01.2018 (GBP/USD, EUR/JPY)
As can be seen in the H4 chart, GBP/USD is being corrected downwards and has already reached the retracement of 38.2%.