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.

07.11.2018

Fibonacci Retracements Analysis 07.11.2018 (GBPUSD, EURJPY)

As we can see in the H4 chart, GBPUSD has already reached the retracement of 76.0%.
06.11.2018

Fibonacci Retracements Analysis 06.11.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, the convergence made EURUSD start a new correctional uptrend, which has already reached the retracement of 23.6%.
05.11.2018

Fibonacci Retracements Analysis 05.11.2018 (GOLD, USDCHF)

As we can see in the H4 chart, after reaching the retracement of 50.0%, XAUUSD has formed a new ascending impulse.
01.11.2018

Fibonacci Retracements Analysis 01.11.2018 (AUDUSD, USDCAD)

As we can see in the daily chart, the convergence is about to complete the long-term downtrend and make AUDUSD start a new trend to the upside.
31.10.2018

Fibonacci Retracements Analysis 31.10.2018 (GBPUSD, EURJPY)

As we can see in the H4 chart, GBPUSD is trading towards the low at 1.2662.
30.10.2018

Fibonacci Retracements Analysis 30.10.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, after reaching the retracement of 76.0%, EURUSD is trading downwards towards the key support level at 1.1300.
29.10.2018

Fibonacci Retracements Analysis 29.10.2018 (GOLD, USDCHF)

As we can see in the H4 chart, XAUUSD has reached the retracement of 38.2%, and right now one can see the divergence.
25.10.2018

Fibonacci Retracements Analysis 25.10.2018 (AUDUSD, USDCAD)

As we can see in the H4 chart, AUDUSD is about to complete the correction.