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.
21.08.2019
The convergence made GBPUSD start a new correction, while EURJPY is still testing the significant low.
20.08.2019
EURUSD is moving downwards to break the low at 1.1027, while USDJPY is forming a correction.
19.08.2019
Gold is forming a reversal pattern around the long-term level of 61.8%. USDCHF has gone upwards correcting upon the renewal of the minimum.
15.08.2019
AUDUSD continues forming Flag pattern, while USDCAD is still trading sideways.
14.08.2019
GBPUSD continues forming the long-term descending tendency, but the convergence may indicate a new pullback; EURJPY is forming highly volatile correctional impulses while testing the low
13.08.2019
EURUSD is forming Flat pattern before starting anew growth; USDJPY is moving towards the low, but this decline is slowing down.
12.08.2019
After reaching the significant resistance area, XAUUSD may get cheaper in the short-term, while USDCHF is “recharging” before “attacking” the low.
08.08.2019
After finishing the descending wave, AUDUSD is starting a new correction; in case of USDCAD, there is a divergence, which indicates a reverse.