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.
11.03.2019
Fibonacci Retracements Analysis 11.03.2019 (GOLD, USDCHF)
As we can see in the H4 chart, USDCHF is forming a new rising wave; it has already reached the retracement of 76.0%.
07.03.2019
Fibonacci Retracements Analysis 07.03.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD continues forming another descending wave.
06.03.2019
Fibonacci Retracements Analysis 06.03.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected downwards to reach retracement of 50.0% at 1.3060.
05.03.2019
Fibonacci Retracements Analysis 05.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence on MACD made EURUSD start a new descending correction, which has already reached the retracement of 50.0%.
04.03.2019
Fibonacci Retracements Analysis 04.03.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency, which is getting closer to the retracement of 38.2% at 1289.40.
28.02.2019
Fibonacci Retracements Analysis 28.02.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD continues the mid-term correction around the retracement of 23.6%.
27.02.2019
Fibonacci Retracements Analysis 27.02.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD has updated the previous high and may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3385 and 1.3488 respectively.
25.02.2019
Fibonacci Retracements Analysis 25.02.2019 (GOLD, USDCHF)
As we can see in the H4 chart, the divergence made XAUUSD reverse and start a new descending tendency.