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.
18.03.2019
Fibo Analysis for GOLD and USDCHF: 18/3/2019
On H4, the correction uptrend reached 38.20% Fibo and then started fading out.
14.03.2019
Fibonacci Retracements Analysis 14.03.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the divergence made AUDUSD start a new pullback.
13.03.2019
Fibonacci Retracements Analysis 13.03.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is forming another descending impulse.
12.03.2019
Fibonacci Retracements Analysis 12.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, after plummeting and testing the low, EURUSD has started a new ascending correction.
11.03.2019
Fibonacci Retracements Analysis 11.03.2019 (GOLD, USDCHF)
As we can see in the H4 chart, USDCHF is forming a new rising wave; it has already reached the retracement of 76.0%.
07.03.2019
Fibonacci Retracements Analysis 07.03.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD continues forming another descending wave.
06.03.2019
Fibonacci Retracements Analysis 06.03.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected downwards to reach retracement of 50.0% at 1.3060.
05.03.2019
Fibonacci Retracements Analysis 05.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence on MACD made EURUSD start a new descending correction, which has already reached the retracement of 50.0%.