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.
04.03.2019
Fibonacci Retracements Analysis 04.03.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency, which is getting closer to the retracement of 38.2% at 1289.40.
28.02.2019
Fibonacci Retracements Analysis 28.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD continues the mid-term correction around the retracement of 23.6%.
27.02.2019
Fibonacci Retracements Analysis 27.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has updated the previous high and may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3385 and 1.3488 respectively.
25.02.2019
Fibonacci Retracements Analysis 25.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency.
21.02.2019
Fibonacci Retracements Analysis 21.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD has completed the correction at the retracement of 61.8%.
20.02.2019
Fibonacci Retracements Analysis 20.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after completing the correctional downtrend, GBPUSD started a new rising impulse, which has already reached the retracement of 61.8%.
19.02.2019
Fibonacci Retracements Analysis 19.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence on MACD made EURUSD start a new rising correction, which has failed to reach the retracement of 38.2% at 1.1314 on the first try.
18.02.2019
Fibonacci Retracements Analysis 18.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after completing the previous descending correction at the retracement of 50.0%, XAUUSD started a new ascending impulse to reach the high at 1326.23.