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.
30.01.2019
Fibonacci Retracements Analysis 30.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is forming a short-term descending correction inside the uptrend.
29.01.2019
Fibonacci Retracements Analysis 29.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD start a new ascending correction, which has already reached the retracement of 50.0%.
28.01.2019
Fibonacci Retracements Analysis 28.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD has completed its sideways correction without reaching the retracement of 23.6%.
24.01.2019
Fibonacci Retracements Analysis 24.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after AUDUSD is being corrected to the downside.
23.01.2019
Fibonacci Retracements Analysis 23.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, EURJPY is trading sideways between the retracements of 38.2% and 50.0%, but hasn’t reached the latter level yet.
22.01.2019
Fibonacci Retracements Analysis 22.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the descending correction is getting closer to the retracement of 61.8% at 1.1350.
21.01.2019
Fibonacci Retracements Analysis 21.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is still being corrected sideways; the closest target is the retracement of 23.6% at 1274.33.
17.01.2019
Fibonacci Retracements Analysis 17.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the pair is forming a new ascending correction, which has already reached the retracement of 23.6%.