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.
11.09.2017
At the H4 chart of the XAU/USD pair, the price is forming the divergence, which may indicate a possible correction or a reverse.
08.09.2017
At the H4 chart, the uptrend continues.
07.09.2017
At the H4 chart, the GBP/USD pair is being corrected to the upside and this correction may transform into a new ascending impulse.
06.09.2017
As we can see at the H4 chart, after being corrected by 50.0%, the EUR/USD pair is trying to form a new ascending impulse.
05.09.2017
At the daily chart of the XAU/USD pair, the uptrend continues as the price has reached the post-correctional extension area.
04.09.2017
At the H4 chart, the AUD/USD pair is still moving inside the same trading range.
01.09.2017
At the H4 chart, the GBP/USD pair is being corrected to the upside.
31.08.2017
As we can see at the H4 chart, the USD/JPY pair has completed the convergence and right now is moving upwards.