Fibonacci Retracements Analysis
Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. Fluctuations in the prices of certain assets often repeat the Fibonacci sequence. As a result, they may have some additional information on possible direction of the currency market movement in the future.
Fibonacci analysis is a popular and useful tool for a trader, it works well for both long and short timeframes. This page presents Fibonacci analysis from RoboForex experts that will help you invest more wisely. To make trading even more efficient, combine Fibonacci analysis with other technical analysis tools such as Ichimoku indicators and Japanese candlesticks.
08.01.2020
Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)
GBPUSD has rebounded from the mid-term support, but the next descending wave may break it; EURJPY has tested the mid-term support, which means that it may continue moving downwards.
31.12.2019
Fibonacci Retracements Analysis 31.12.2019 (EURUSD, USDJPY)
After updating its local high, EURUSD continues the mid-term uptrend, while USDJPY is forming a new descending wave after failing to break the high.
30.12.2019
Fibonacci Retracements Analysis 30.12.2019 (GOLD, USDCHF)
In case of XAUUSD, the correction has transformed into a proper rising wave, which is heading towards the high; USDCHF is moving to reach the fractal low at 0.9660 after finishing the correction.
26.12.2019
Fibonacci Retracements Analysis 26.12.2019 (AUDUSD, USDCAD)
AUDUSD is forming another rising wave to update the high, while USDCAD is correcting before attacking the low at 1.3042.
25.12.2019
Fibonacci Retracements Analysis 25.12.2019 (GBPUSD, EURJPY)
GBPUSD has almost reached the mid-term support, while EURJPY is falling towards the local support at 120.50 after the divergence.
24.12.2019
Fibonacci Retracements Analysis 24.12.2019 (EURUSD, USDJPY)
EURUSD is no longer correcting downwards, while USDJPY is still trading sideways and waiting for a chance to break the high.
23.12.2019
Fibonacci Retracements Analysis 23.12.2019 (GOLD, USDCHF)
XAUUSD is still correcting upwards and trying to test 38.2% fibo, while USDCHF is about to complete its decline, which may later be followed by a new rising wave.
19.12.2019
Fibonacci Retracements Analysis 19.12.2019 (AUDUSD, USDCAD)
After updating the high, AUDUSD is correcting, but not for long; in case of USDCAD, the downtrend is heading towards the low at 1.3042.