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.
13.11.2018
Fibonacci Retracements Analysis 13.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has broken the previous low and right now is still falling.
12.11.2018
Fibonacci Retracements Analysis 12.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD has started a new descending impulse.
09.11.2018
Fibonacci Retracements Analysis 09.11.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the short-term uptrend has reached the retracement of 50.0%.
07.11.2018
Fibonacci Retracements Analysis 07.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has already reached the retracement of 76.0%.
06.11.2018
Fibonacci Retracements Analysis 06.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD start a new correctional uptrend, which has already reached the retracement of 23.6%.
05.11.2018
Fibonacci Retracements Analysis 05.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 50.0%, XAUUSD has formed a new ascending impulse.
02.11.2018
Fibonacci Retracements Analysis 02.11.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, the correctional trend has passed the retracement of 76.0%.
01.11.2018
Fibonacci Retracements Analysis 01.11.2018 (AUDUSD, USDCAD)
As we can see in the daily chart, the convergence is about to complete the long-term downtrend and make AUDUSD start a new trend to the upside.