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.
23.11.2018
Fibonacci Retracements Analysis 23.11.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is still trading inside the post-correctional extension area between the retracements of 138.2% and 161.8%.
22.11.2018
Fibonacci Retracements Analysis 22.11.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correctional downtrend, which has already reached the retracement of 38.2%.
21.11.2018
Fibonacci Retracements Analysis 21.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected to the upside and has already reached the retracement of 23.6%.
20.11.2018
Fibonacci Retracements Analysis 20.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%.
19.11.2018
Fibonacci Retracements Analysis 19.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after finishing the descending correction, XAUUSD has started a new ascending impulse.
16.11.2018
Fibonacci Retracements Analysis 16.11.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, after breaking the key low, ETHUSD continued trading downwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 169.60 and 160.50 respectively
15.11.2018
Fibonacci Retracements Analysis 15.11.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is forming a new ascending impulse within the mid-term correctional uptrend.
14.11.2018
Fibonacci Retracements Analysis 14.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, after being corrected to the upside by 76.0%, GBPUSD has started a new descending impulse.