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.
20.05.2019
XAUUSD has formed another descending wave, while USDCHF is being corrected upwards.
16.05.2019
As we can see in the H4 chart, AUDUSD is trading downwards steadily; it has already reached the retracement of 50.0%.
15.05.2019
As we can see in the H4 chart, after finishing the correctional uptrend, GBPUSD is forming a new descending wave to break the low at 1.2865.
14.05.2019
As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively.
13.05.2019
In the H4 chart, USDCHF is still trading downwards; it has already reached the retracement of 38.2%.
09.05.2019
As we can see in the H4 chart, after breaking the retracement of 38.2%, the mid-term descending correction continues towards the retracement of 50.0% at 0.6921.
08.05.2019
As we can see in the H4 chart, the divergence made GBPUSD start a new correctional uptrend, which has already reached the retracement of 61.8% at 1.3184.
07.05.2019
As we can see in the H4 chart, EURUSD has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 1.1279 and 1.1319 respectively.