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.

17.07.2017

Fibonacci Retracements Analysis 17.07.2017 (XAU/USD, USD/CHF)

Looking at the H4-chart of GOLD we see that after the convergence had been formed, the downtrend gave place to an ascending correction.
14.07.2017

Fibonacci Retracements Analysis 14.07.2017 (AUD/USD, USD/CAD)

As we can see at the H4 chart, the uptrend continues, but may complete soon.
13.07.2017

Fibonacci Retracements Analysis 13.07.2017 (GBP/USD, EUR/JPY)

As we can see at the H4 chart, the main uptrend slowed down a little bit.
12.07.2017

Fibonacci Retracements Analysis 12.07.2017 (EUR/USD, USD/JPY)

At the H4 chart, the ascending tendency continues, but the pair is starting to form the divergence reversal signal.
11.07.2017

Fibonacci Retracements Analysis 11.07.2017 (XAU/USD, USD/CAD)

At the H4 chart, the USD/CAD pair is still being corrected to the upside; it has already reached the retracement of 23.6%.
10.07.2017

Fibonacci Retracements Analysis 10.07.2017 (AUD/USD, USD/CAD)

As we can see at the H4 chart, the AUD/USD pair reached 0.7710 and then started the descending correction.
07.07.2017

Fibonacci Retracements Analysis 07.07.2017 (GBP/USD, EUR/JPY)

As we can see at the H4 chart, the main uptrend still continues.
06.07.2017

Fibonacci Retracements Analysis 06.07.2017 (EUR/USD, USD/JPY)

At the H4 chart, the EUR/USD pair is being slightly corrected, but the ascending tendency continues.