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.
13.10.2017
As we can see at the H4 chart, the XAU/USD pair is still being corrected to the upside and the correction has already reached the retracement of 38.2%.
12.10.2017
At the H4 chart, the AUD/USD pair completed the convergence and started a new ascending correction, which has already reached the retracement of 23.6%.
11.10.2017
As we can see at the H4 chart, the GBP/USD pair is being corrected to the upside and forming a new ascending impulse.
10.10.2017
As we can see at the H4 chart, the mid-term uptrend has been corrected by 23.6%.
09.10.2017
As we can see at the H4 chart, the USD/CHF pair has already been corrected to the upside by 38.2% and may continue growing towards the retracements of 50.0% and 61.8% at 0.9883 and 0.9990 respectively.
06.10.2017
At the H4 chart, the downtrend continues.
05.10.2017
As we can see at the H4 chart, after forming the divergence, the EUR/JPY pair has started a new correction.
04.10.2017
At the H4 chart, the EUR/USD pair is trading to the downside to reach the retracement of 38.2% at 1.1510.