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.
02.10.2019
GBPUSD has significantly corrected the previous rising wave, which means it may start a new growth; in case of EURJPY, the descending wave has slowed down a bit.
01.10.2019
After breaking the significant support, EURUSD continues falling; USDJPY is trying to start a new rising wave after finishing another pullback.
30.09.2019
XAUUSD is about to finish the correction, while USDCHF is starting another descending wave after a slight pullback.
26.09.2019
AUDUSD is heading to break the key low; USDCAD’s growth was stopped by the correction, which may transform into a new descending wave.
25.09.2019
After the divergence, GBPUSD is falling very slowly, as if it may yet try to grow a little bit; in case of EURJPY, the descending correction was quite quick and deep.
24.09.2019
EURUSD is still correcting and may test the low once again; USDJPY is starting to reverse after the divergence.
23.09.2019
XAUUSD is correcting, while USDCHF is starting a new descending tendency after the divergence.
19.09.2019
AUDUSD is falling towards the local low, while USDCAD is heading to break the previous high.