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.
04.12.2019
Fibonacci Retracements Analysis 04.12.2019 (GBPUSD, EURJPY)
GBPUSD is trying to break the sideways channel to the upside, while EURJPY is about to start a new rising impulse to reach its highs.
03.12.2019
Fibonacci Retracements Analysis 03.12.2019 (EURUSD, USDJPY)
EURUSD is steadily trading upwards to update the high, while USDJPY is about to reverse after the divergence.
02.12.2019
Fibonacci Retracements Analysis 02.12.2019 (GOLD, USDCHF)
After falling and reaching 38.2% fibo, XAUUSD is correcting again; USDCHF is heading towards the high where it may later start a short-term pullback.
21.11.2019
Fibonacci Retracements Analysis 21.11.2019 (AUDUSD, USDCAD)
AUDUSD is correcting after finishing the first descending wave, while USDCAD continues growing towards the highs.
20.11.2019
Fibonacci Retracements Analysis 20.11.2019 (GBPUSD, EURJPY)
GBPUSD and EURJPY have been correcting for the second consecutive month. After a slight growth, both instruments may resume falling towards their respective lows.
19.11.2019
Fibonacci Retracements Analysis 19.11.2019 (EURUSD, USDJPY)
EURUSD is forming a new rising wave, while USDJPY is falling after the divergence.
18.11.2019
Fibonacci Retracements Analysis 18.11.2019 (GOLD, USDCHF)
XAUUSD is correcting, but the descending tendency may yet continue; USDCHF hasn’t been able to stop the correction.
14.11.2019
Fibonacci Retracements Analysis 14.11.2019 (AUDUSD, USDCAD)
AUDUSD is starting a new mid-term descending wave towards the low at 0.6670, while USDCAD is slowing down its growth.