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.
21.05.2019
Fibonacci Retracements Analysis 21.05.2019 (EURUSD, USDJPY)
EURUSD is forming a sideways channel that won’t last long, while USDJPY is being corrected upwards after completing another descending wave.
20.05.2019
Fibonacci Retracements Analysis 20.05.2019 (GOLD, USDCHF)
XAUUSD has formed another descending wave, while USDCHF is being corrected upwards.
17.05.2019
Fibonacci Retracements Analysis 17.05.2019 (BITCOIN, ETHEREUM)
In the H4 chart, BTCUSD is quickly getting closer towards the long-term retracement of 38.2% at 8510.00.
16.05.2019
Fibonacci Retracements Analysis 16.05.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is trading downwards steadily; it has already reached the retracement of 50.0%.
15.05.2019
Fibonacci Retracements Analysis 15.05.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after finishing the correctional uptrend, GBPUSD is forming a new descending wave to break the low at 1.2865.
14.05.2019
Fibonacci Retracements Analysis 14.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively.
13.05.2019
Fibonacci Retracements Analysis 13.05.2019 (GOLD, USDCHF)
In the H4 chart, USDCHF is still trading downwards; it has already reached the retracement of 38.2%.
10.05.2019
Fibonacci Retracements Analysis 10.05.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is steadily growing towards the long-term retracement of 38.2%.