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.
16.04.2019
Fibonacci Retracements Analysis 16.04.2019 (EURUSD, USDJPY)
In the H1 chart, USDJPY is being corrected to the downside.
15.04.2019
Fibonacci Retracements Analysis 15.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after being corrected by 23.6%, XAUUSD is forming a new descending impulse.
11.04.2019
Fibonacci Retracements Analysis 11.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is trading upwards; it has already tested the retracement of 50.0%.
10.04.2019
Fibonacci Retracements Analysis 10.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is still testing the retracement of 38.2%.
09.04.2019
Fibonacci Retracements Analysis 09.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is being corrected upwards to reach the retracements of 38.2% and 50.0% at 1.1285 and 1.1315 respectively.
08.04.2019
Fibonacci Retracements Analysis 08.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD is forming a new mid-term correction.
04.04.2019
Fibonacci Retracements Analysis 04.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the correction continues; it has already reached the retracement of 50.0%.
03.04.2019
Fibonacci Retracements Analysis 03.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after reaching the retracement of 38.2%, GBPUSD is forming another ascending impulse to reach the resistance line.