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.
27.12.2018
Fibonacci Retracements Analysis 27.12.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is forming a new impulse inside the long-term downtrend; the price has broken the retracement of 76.0% and got very close to the low at 0.7021.
26.12.2018
Fibonacci Retracements Analysis 26.12.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, there was a convergence on MACD, which made GBPUSD start a new correctional uptrend towards the retracement of 38.2% at 1.2790.
25.12.2018
Fibonacci Retracements Analysis 25.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the mid-term ascending correction continues.
24.12.2018
Fibonacci Retracements Analysis 24.12.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the long-term correctional uptrend continues; it has already reached the retracement of 50.0%.
21.12.2018
Fibonacci Retracements Analysis 21.12.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, there was a convergence on MACD, which made BTCUSD start a new ascending correction, which has already reached the retracement of 23.6.
20.12.2018
Fibonacci Retracements Analysis 20.12.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is plummeting and probably forming a new impulse inside the long-term downtrend.
19.12.2018
Fibonacci Retracements Analysis 19.12.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, there was a convergence on MACD, so after breaking the low, GBPUSD started a new correctional uptrend, which has already reached the retracement of 23.6%.
18.12.2018
Fibonacci Retracements Analysis 18.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has rebounded from the retracement of 76.0% at 1.1276.