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.
13.06.2019
Fibonacci Retracements Analysis 13.06.2019 (AUDUSD, USDCAD)
AUDUSD is forming a new descending tendency, but it has failed to break the low yet; USDCAD is forming a rising correction before a new descending impulse.
12.06.2019
Fibonacci Retracements Analysis 12.06.2019 (GBPUSD, EURJPY)
Both instruments are about to complete their corrections, but the time when they may break their lows remains questionable.
11.06.2019
Fibonacci Retracements Analysis 11.06.2019 (EURUSD, USDJPY)
Both instruments are being corrected: EURUSD is steadily trading upwards, while USDJPY is moving inside a narrow range.
10.06.2019
Fibonacci Retracements Analysis 10.06.2019 (GOLD, USDCHF)
XAUUSD is being corrected before a new growth, while USDCHF is slowly trading within the long-term downtrend.
10.06.2019
Murrey Math Lines 10.06.2019 (EURUSD, GBPUSD)
In case of EURUSD, the correction may continue towards the 6/8 level, while GBPUSD bulls are trying to start a rising tendency.
06.06.2019
Fibonacci Retracements Analysis 06.06.2019 (AUDUSD, USDCAD)
AUDUSD is forming a correctional uptrend within the descending tendency, while USDCAD is starting a new long-term downtrend.
05.06.2019
Fibonacci Retracements Analysis 05.06.2019 (GBPUSD, EURJPY)
In case of GBPUSD, the ascending correction continues, while EURJPY is starting a short-term pullback.
04.06.2019
Fibonacci Retracements Analysis 04.06.2019 (EURUSD, USDJPY)
EURUSD is forming a rising impulse within the mid-term correction. In case of USDJPY, the decline continues, but the instrument may start a new pullback soon.