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.
25.01.2019
Fibonacci Retracements Analysis 25.01.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the correctional downtrend is slowing down a bit; BTCUSD is testing the retracement of 61.8%.
24.01.2019
Fibonacci Retracements Analysis 24.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after AUDUSD is being corrected to the downside.
23.01.2019
Fibonacci Retracements Analysis 23.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, EURJPY is trading sideways between the retracements of 38.2% and 50.0%, but hasn’t reached the latter level yet.
22.01.2019
Fibonacci Retracements Analysis 22.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the descending correction is getting closer to the retracement of 61.8% at 1.1350.
21.01.2019
Fibonacci Retracements Analysis 21.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is still being corrected sideways; the closest target is the retracement of 23.6% at 1274.33.
18.01.2019
Fibonacci Retracements Analysis 18.01.2019 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the correctional downtrend continues.
17.01.2019
Fibonacci Retracements Analysis 17.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the pair is forming a new ascending correction, which has already reached the retracement of 23.6%.
16.01.2019
Fibonacci Retracements Analysis 16.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after finishing the quick descending impulse, EURJPY is forming a new correctional uptrend towards the retracements of 50.0% and 61.8% at 125.55 and 127.34 respectively.