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.
19.02.2019
Fibonacci Retracements Analysis 19.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence on MACD made EURUSD start a new rising correction, which has failed to reach the retracement of 38.2% at 1.1314 on the first try.
18.02.2019
Fibonacci Retracements Analysis 18.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after completing the previous descending correction at the retracement of 50.0%, XAUUSD started a new ascending impulse to reach the high at 1326.23.
15.02.2019
Fibonacci Retracements Analysis 15.02.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the short-term correctional downtrend continues.
14.02.2019
Fibonacci Retracements Analysis 14.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD has already been corrected downwards by 23.6%.
13.02.2019
Fibonacci Retracements Analysis 13.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after reaching the retracement of 38.2%, GBPUSD slowed down a bit.
12.02.2019
Fibonacci Retracements Analysis 12.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, a new descending impulse has once again tested the retracement of 76.0% and broken it.
11.02.2019
Fibonacci Retracements Analysis 11.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD start a new descending correction, which is heading towards the retracement of 23.6% at 1287.00.
08.02.2019
Fibonacci Retracements Analysis 08.02.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after reaching the retracement of 76.0%, ETHUSD is starting a new pullback towards the retracement of 61.8% at 111.30.