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.

11.09.2018

Fibonacci Retracements Analysis 11.09.2018 (EURUSD, USDJPY)

In the H4 chart, EURUSD has reached the retracement of 50.0% and started forming a new rising impulse, which is heading towards the retracements of 61.8 and 76.0% at 1.1653 and 1.1683 respectively.
10.09.2018

Fibonacci Retracements Analysis 10.09.2018 (GOLD, USDCHF)

As we can see in the H4 chart, the USDCHF is forming a new short-term pullback inside the current mid-term downtrend.
06.09.2018

Fibonacci Retracements Analysis 06.09.2018 (AUDUSD, USDCAD)

As we can see in the H4 chart, the downtrend continues.
05.09.2018

Fibonacci Retracements Analysis 05.09.2018 (GBPUSD, EURJPY)

As we can see in the H4 chart, the divergence made EURJPY reverse and form a new descending impulse, which has already reached the retracement of 38.2%.
04.09.2018

Fibonacci Retracements Analysis 04.09.2018 (EURUSD, USDJPY)

In the H4 chart, EURUSD has completed the correctional uptrend close to the retracement of 38.2% and right now is forming a new descending impulse.
03.09.2018

Fibonacci Retracements Analysis 03.09.2018 (GOLD, USDCHF)

In the H1 chart, the convergence made USDCHF reverse and start a new rising correction, which has already reached the retracement of 23.6%.
30.08.2018

Fibonacci Retracements Analysis 30.08.2018 (AUDUSD, USDCAD)

As we can see in the H4 chart, AUDUSD is being corrected in the form of the Triangle pattern.
29.08.2018

Fibonacci Retracements Analysis 29.08.2018 (GBPUSD, EURJPY)

As we can see in the H4 chart, the convergence made GBPUSD slow down its growth.