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.
31.10.2018
Fibonacci Retracements Analysis 31.10.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is trading towards the low at 1.2662.
30.10.2018
Fibonacci Retracements Analysis 30.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after reaching the retracement of 76.0%, EURUSD is trading downwards towards the key support level at 1.1300.
29.10.2018
Fibonacci Retracements Analysis 29.10.2018 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD has reached the retracement of 38.2%, and right now one can see the divergence.
26.10.2018
Fibonacci Retracements Analysis 26.10.2018 (BITCOIN, ETHEREUM)
As we can see in the H4 chart, BTCUSD is still moving sideways around the retracement of 61.8%.
25.10.2018
Fibonacci Retracements Analysis 25.10.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is about to complete the correction.
24.10.2018
Fibonacci Retracements Analysis 24.10.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected downwards and has already tested the retracement of 50.0% for the second time.
23.10.2018
Fibonacci Retracements Analysis 23.10.2018 (EURUSD, USDJPY)
In the H4 chart, EURUSD is testing the support level at 1.1432.
22.10.2018
Fibonacci Retracements Analysis 22.10.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after completing the ascending impulse, XAUUSD started a new sideways movement.