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.
05.12.2018
Fibonacci Retracements Analysis 05.12.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, after breaking the previous low, GBPUSD stopped moving sideways and right now is still trading downwards.
04.12.2018
Fibonacci Retracements Analysis 04.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the mid-term correction continues.
03.12.2018
Fibonacci Retracements Analysis 03.12.2018 (GOLD, USDCHF)
As we can see in the H4 chart, the uptrend has already reached the retracement of 61.8%.
30.11.2018
Fibonacci Retracements Analysis 30.11.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new correction to the upside, which has already reached the retracement of 23.6%.
29.11.2018
Fibonacci Retracements Analysis 29.11.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after finishing the correction, AUDUSD started a new rising impulse.
28.11.2018
Fibonacci Retracements Analysis 28.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is testing the local low and may break it.
27.11.2018
Fibonacci Retracements Analysis 27.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is slowing down the current descending wave inside the mid-term correction.
26.11.2018
Fibonacci Retracements Analysis 26.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD has slowed down its ascending movement.