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.
24.07.2019
Fibonacci Retracements Analysis 24.07.2019 (GBPUSD, EURJPY)
After short correcting growth GBPUSD is declining again; however, it may be another test of the minimum before a surge. EURJPY continues a smooth decline to 102.25.
23.07.2019
Fibonacci Retracements Analysis 23.07.2019 (EURUSD, USDJPY)
EURUSD is developing another impulse for decline after a correction. USDJPY is forming an impulse for growth inside a mid-term correction.
22.07.2019
Fibonacci Retracements Analysis 22.07.2019 (GOLD, USDCHF)
Gold has escaped the Pennant upwards and looks ready to continue growing after a short-term pullback. USDCHF is declining too slowly, which may signal an impulse of growth in proximity.
19.07.2019
Fibonacci Retracements Analysis 19.07.2019 (BTC, ETH)
The Bitcoin and Ethereum keep in step: upon reaching the intermediate goal of correction the quotations began a pullback upwards.
18.07.2019
Fibonacci Retracements Analysis 18.07.2019 (AUDUSD, USDCAD)
AUDUSD is approaching the last local maximum, developing an ascending correction. USDCAD tries ever so hard to continue declining, but a convergence promises an upcoming correction.
17.07.2019
Fibonacci Retracements Analysis 17.07.2019 (GBPUSD, EURJPY)
GBPUSD has stopped declining at the long-term minimum before a bounce; however, the descending trend is predominant. EURJPY is declining gradually, still inside a correction channel.
16.07.2019
Fibonacci Retracements Analysis 16.07.2019 (EURUSD, USDJPY)
EURUSD is on a crossroads: going up is hard, going down is scary; however, pon a pullback a decline should be expected. USDJPY may hit the local maximums.
15.07.2019
Fibonacci Retracements Analysis 15.07.2019 (GOLD, USDCHF)
Gold still forms a pennant consolidation, which means a rise should be expected. USDCHF is forming a new declining impulse, developing a descending trend.