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.
16.01.2019
Fibonacci Retracements Analysis 16.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after finishing the quick descending impulse, EURJPY is forming a new correctional uptrend towards the retracements of 50.0% and 61.8% at 125.55 and 127.34 respectively.
15.01.2019
Fibonacci Retracements Analysis 15.01.2019 (EURUSD, USDJPY)
In the H4 chart, the ascending correction has already reached the retracement of 50.0%; the current decline may be considered as a short-term pullback.
14.01.2019
Fibonacci Retracements Analysis 14.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is being corrected sideways and may break the range both upwards and downwards.
10.01.2019
Fibonacci Retracements Analysis 10.01.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after AUDUSD plummeted, there was a convergence on MACD, which made the pair start a new correctional uptrend.
09.01.2019
Fibonacci Retracements Analysis 09.01.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, there was a convergence on MACD that made GBPUSD start a new correctional uptrend, which has already reached the retracement of 38.2%.
08.01.2019
Fibonacci Retracements Analysis 08.01.2019 (EURUSD, USDJPY)
In the H4 chart, the mid-term ascending correction continues.
07.01.2019
Fibonacci Retracements Analysis 07.01.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the long-term correctional uptrend continues; it has already reached the retracement of 61.8%.