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.
04.03.2019
Fibonacci Retracements Analysis 04.03.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency, which is getting closer to the retracement of 38.2% at 1289.40.
01.03.2019
Fibonacci Retracements Analysis 01.03.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the correction is slowing down.
28.02.2019
Fibonacci Retracements Analysis 28.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD continues the mid-term correction around the retracement of 23.6%.
27.02.2019
Fibonacci Retracements Analysis 27.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has updated the previous high and may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3385 and 1.3488 respectively.
25.02.2019
Fibonacci Retracements Analysis 25.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency.
22.02.2019
Fibonacci Retracements Analysis 22.02.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is forming a new ascending correction inside the mid-term downtrend; it has tested the retracement of 23.6% at 3990.00 once again.
21.02.2019
Fibonacci Retracements Analysis 21.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD has completed the correction at the retracement of 61.8%.
20.02.2019
Fibonacci Retracements Analysis 20.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after completing the correctional downtrend, GBPUSD started a new rising impulse, which has already reached the retracement of 61.8%.