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.
04.09.2019
After completing the pullback, GBPUSD has updated the low; EURJPY is slowing down its decline, thus indicating a possible correction soon.
03.09.2019
After completing the short-term correction, EURUSD is still forming its descending tendency, while USDJPY is testing the first important area within the correctional uptrend.
02.09.2019
In case of XAUUSD, the current correction may transform into a new mid-term decline; USDCHF is correcting to the upside after the convergence.
29.08.2019
Both AUDUSD and USDCAD are heading towards extremums and trying to finish their corrections.
28.08.2019
Пара GBPUSD завершает период коррекции. EURJPY, протестировав значимый минимум, может уйти в коррекцию.
27.08.2019
In the mid-term, EURUSD is forming a narrowing consolidation range; after testing the long-term low, USDJPY is starting a correction.
26.08.2019
After a slight consolidation, XAUUSD continues growing, while USDCHF is heading towards the low after finishing another pullback.
22.08.2019
Both AUDUSD and USDCAD are still trading sideways, but these corrections may be over soon.