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.
13.11.2019
Fibonacci Retracements Analysis 13.11.2019 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are still forming their descending corrections.
12.11.2019
Fibonacci Retracements Analysis 12.11.2019 (EURUSD, USDJPY)
EURUSD has almost reached its correctional targets, so it may start a new rising wave pretty soon; USDJPY continues growing, but the mi-term divergence indicates a possible reverse.
11.11.2019
Fibonacci Retracements Analysis 11.11.2019 (GOLD, USDCHF)
XAUUSD has broken the sideways channel to the downside; USDCHF continues trading upwards and may reach this year’s highs.
07.11.2019
Fibonacci Retracements Analysis 07.11.2019 (AUDUSD, USDCAD)
AUDUSD is moving downwards after the divergence, while USDCAD is forming a new ascending after completing the correction.
06.11.2019
Fibonacci Retracements Analysis 06.11.2019 (GBPUSD, EURJPY)
Both GBPUSD and EURJPY are still forming their corrections.
05.11.2019
Fibonacci Retracements Analysis 05.11.2019 (EURUSD, USDJPY)
In case of EURUSD, the correction is getting more complicated because the pair hasn’t been able to break the high so far; USDJPY is trading upwards again after finishing the descending correction.
04.11.2019
Fibonacci Retracements Analysis 04.11.2019 (GOLD, USDCHF)
XAUUSD is still trading sideways, but further growth is not far off; USDCHF is testing the low and trying to continue the descending tendency.
31.10.2019
Fibonacci Retracements Analysis 31.10.2019 (AUDUSD, USDCAD)
After finishing a slight pullback, AUDUSD continues moving upwards, while USDCAD is correcting after completing a quick ascending impulse.