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.
After reaching 50.0% fibo, AUDUSD is starting a new pullback; in the case of USDCAD, the price is moving to the upside but one shouldn’t exclude a possibility of another decline.
Brent continues rising but may start a pullback really soon; in the case of the Dow Jones index, the price has tested its all-time high.
The correction in GBPUSD has reached 50.0% fibo; in the case of EURJPY, the price is heading to break the high.
After attempting to test 50.0% fibo, EURUSD is starting a new rising movement; in the case of USDJPY, the price is still growing but may start a new pullback at any moment.
XAUUSD is about to start a new descending wave; in the case of USDCHF, the price has completed the correctional decline at 50.0%.
AUDUSD is forming another correctional wave to reach 50.0% fibo; in the case of USDCAD, a strong and stable rising wave has reached 61.8% fibo.
Brent continues rising towards the fractal high at 87.09; in the case of the Dow Jones index, there are signs in favour of a new rising wave.
The correction in GBPUSD slowed down at 23.6% fibo; in the case of EURJPY, the price is forming a new rising impulse to extend the correctional phase.