Fibonacci Retracements Analysis
Fibonacci retracements are actively used by investors, 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.
14.05.2019
Fibonacci Retracements Analysis 14.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively.
13.05.2019
Fibonacci Retracements Analysis 13.05.2019 (GOLD, USDCHF)
In the H4 chart, USDCHF is still trading downwards; it has already reached the retracement of 38.2%.
09.05.2019
Fibonacci Retracements Analysis 09.05.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after breaking the retracement of 38.2%, the mid-term descending correction continues towards the retracement of 50.0% at 0.6921.
08.05.2019
Fibonacci Retracements Analysis 08.05.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, the divergence made GBPUSD start a new correctional uptrend, which has already reached the retracement of 61.8% at 1.3184.
07.05.2019
Fibonacci Retracements Analysis 07.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively.
06.05.2019
Fibonacci Retracements Analysis 06.05.2019 (GOLD, USDCHF)
From the technical point of view, the H4 chart of XAUUSD shows the correction that started after the convergence.
02.05.2019
Fibonacci Retracements Analysis 02.05.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after reaching the resistance level at the retracement of 38.2%, AUDUSD has completed the short-term correction.
01.05.2019
Fibonacci Retracements Analysis 01.05.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD start a new correctional uptrend, which has already reached the retracement of 38.2%.