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.
22.11.2018
Fibonacci Retracements Analysis 22.11.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correctional downtrend, which has already reached the retracement of 38.2%.
21.11.2018
Fibonacci Retracements Analysis 21.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, GBPUSD is being corrected to the upside and has already reached the retracement of 23.6%.
20.11.2018
Fibonacci Retracements Analysis 20.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the convergence made EURUSD reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%.
19.11.2018
Fibonacci Retracements Analysis 19.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after finishing the descending correction, XAUUSD has started a new ascending impulse.
15.11.2018
Fibonacci Retracements Analysis 15.11.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, AUDUSD is forming a new ascending impulse within the mid-term correctional uptrend.
14.11.2018
Fibonacci Retracements Analysis 14.11.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, after being corrected to the upside by 76.0%, GBPUSD has started a new descending impulse.
13.11.2018
Fibonacci Retracements Analysis 13.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has broken the previous low and right now is still falling.
12.11.2018
Fibonacci Retracements Analysis 12.11.2018 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD has started a new descending impulse.