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.
17.04.2019
Fibonacci Retracements Analysis 17.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, the downtrend continues; GBPUSD is forming a narrowing consolidation range and testing the retracement of 38.2%.
16.04.2019
Fibonacci Retracements Analysis 16.04.2019 (EURUSD, USDJPY)
In the H1 chart, USDJPY is being corrected to the downside.
15.04.2019
Fibonacci Retracements Analysis 15.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after being corrected by 23.6%, XAUUSD is forming a new descending impulse.
12.04.2019
Fibonacci Retracements Analysis 12.04.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD reached the retracement of 61.8% and then there was a divergence that made the pair reverse and start a new decline, which has already reached the retracement of 23.6%.
11.04.2019
Fibonacci Retracements Analysis 11.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is trading upwards; it has already tested the retracement of 50.0%.
10.04.2019
Fibonacci Retracements Analysis 10.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still testing the retracement of 38.2%.
09.04.2019
Fibonacci Retracements Analysis 09.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is being corrected upwards to reach the retracements of 38.2% and 50.0% at 1.1285 and 1.1315 respectively.
08.04.2019
Fibonacci Retracements Analysis 08.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD is forming a new mid-term correction.