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.
26.03.2019
EURUSD and USDJPY: Fibo Analysis, 26/03/2019
On H4, the EURUSD reached 38.20% Fibo after a midterm downtrend.
25.03.2019
Fibo Analysis for GOLD and USDCHF: 25/03/2019
On H4, the gold is forming a correction uptrend.
22.03.2019
Fibo Analysis for Bitcoin and Ether: 22/03/2019
On H4, the Bitcoin is forming an ascending trend after correcting.
21.03.2019
Fibo Analysis: AUDUSD and USDCAD, 21/03/2019
On H4, the AUDUSD is forming a rising move after converging.
20.03.2019
Fibo Analysis: GBPUSD and EURJPY, 20/03/2019
On H4, the GBPUSD started trading sideways after breaking out the latest high.
19.03.2019
EURUSD and USDJPY: Fibo Analysis, 19/3/2019
On H4, the EURUSD formed a correction uptrend that reached 76% Fibo.
18.03.2019
Fibo Analysis for GOLD and USDCHF: 18/3/2019
On H4, the correction uptrend reached 38.20% Fibo and then started fading out.
15.03.2019
Fibonacci Retracements Analysis 15.03.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after finishing the descending wave, BTCUSD started a new correction, which has already reached the retracement of 50.0%.