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.
07.02.2019
Fibonacci Retracements Analysis 07.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the divergence made AUDUSD reverse and start a new decline; the previous rising impulse was a little bit shy to reach the retracement of 50.0% at 0.7340.
06.02.2019
Fibonacci Retracements Analysis 06.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after reaching the retracement of 38.2%, GBPUSD is forming a descending correction towards the retracement of 23.6% at 1.2863.
05.02.2019
Fibonacci Retracements Analysis 05.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD start a new ascending correction, which reached the retracement of 76.0%, but then the pair reversed downwards.
04.02.2019
Fibonacci Retracements Analysis 04.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD reached the mid-term retracement of 76.0% and then there was a divergence on MACD, which means a trend reverse or, at least, a pullback.
31.01.2019
Fibonacci Retracements Analysis 31.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is forming a new rising wave.
30.01.2019
Fibonacci Retracements Analysis 30.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is forming a short-term descending correction inside the uptrend.
29.01.2019
Fibonacci Retracements Analysis 29.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD start a new ascending correction, which has already reached the retracement of 50.0%.
28.01.2019
Fibonacci Retracements Analysis 28.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD has completed its sideways correction without reaching the retracement of 23.6%.