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.

30.10.2019

Fibonacci Retracements Analysis 30.10.2019 (GBPUSD, EURJPY)

Both GBPUSD and EURJPY are forming short-term corrections.
29.10.2019

Fibonacci Retracements Analysis 29.10.2019 (EURUSD, USDJPY)

EURUSD is correcting downwards and may later start a new rising wave, while USDJPY is slowly trading towards the upside post-correctional extension area.
28.10.2019

Fibonacci Retracements Analysis 28.10.2019 (GOLD, USDCHF)

Bulls are trying to push XAUUSD towards the high; USDCHF is forming a new ascending wave to reach the high.
24.10.2019

Fibonacci Retracements Analysis 24.10.2019 (AUDUSD, USDCAD)

AUDUSD continues the mid-term uptrend within the correction, while USDCAD is trying to form a new descending impulse within the long-term trend.
23.10.2019

Fibonacci Retracements Analysis 23.10.2019 (GBPUSD, EURJPY)

Both GBPUSD and EURJPY are completing their rising waves, which may be followed by new correctional downtrends.
22.10.2019

Fibonacci Retracements Analysis 22.10.2019 (EURUSD, USDJPY)

EURUSD may reverse its long-term tendency, while USDJPY is trying to fix above its local lows.
21.10.2019

Fibonacci Retracements Analysis 21.10.2019 (GOLD, USDCHF)

In case of XAUUSD, the short-term decline hasn’t transformed into a proper descending impulse, that’s why the pair may resume growing pretty soon; USDCHF is forming a strong descending impulse to
17.10.2019

Fibonacci Retracements Analysis 17.10.2019 (AUDUSD, USDCAD)

AUDUSD is trying to update its short-term high; USDCAD is still forming a mid-term sideways channel.