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.
05.04.2019
Fibonacci Retracements Analysis 05.04.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the mid-term ascending correction has reached the retracement of 61.8%.
04.04.2019
Fibonacci Retracements Analysis 04.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the correction continues; it has already reached the retracement of 50.0%.
03.04.2019
Fibonacci Retracements Analysis 03.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after reaching the retracement of 38.2%, GBPUSD is forming another ascending impulse to reach the resistance line.
02.04.2019
Fibonacci Retracements Analysis 02.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is forming a new descending wave, which is getting closer to the low at 1.1176.
01.04.2019
Fibonacci Retracements Analysis 01.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is forming another descending impulse.
29.03.2019
Fibo Analysis for Bitcoin and Ether: 29/03/2019
On H4, the BTC stopped correcting and started testing 76% Fibo again.
27.03.2019
Fibo Analysis: GBPUSD and EURJPY, 27/03/2019
On H4, the GBPUSD is still correcting after testing 50% Fibo, or $1.3386.