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.

05.07.2017

Fibonacci Retracements Analysis 05.07.2017 (AUD/USD, USD/CAD)

As we can see at the H4 chart, the USD/CAD pair is trading to reach the retracement of 261.8%, which the biggest possible extension.
04.07.2017

Fibonacci Retracements Analysis 04.07.2017 (GBP/USD, EUR/JPY)

At the H4 chart, after being corrected by 50% and reaching 1.2578, the GBP/USD pair resumed moving upwards.
03.07.2017

Fibonacci Retracements Analysis 03.07.2017 (EUR/USD, USD/JPY)

At the H4 chart, after completing the ascending impulse and reaching 1.1293, the EUR/USD pair was corrected to the downside by 38.2%.
30.06.2017

Fibonacci Retracements Analysis 30.06.2017 (EUR/USD, EUR/GBP)

The EUR/GBP pair rebounded from the group of local fibo-levels and, as a result, started a new correction.
29.06.2017

Fibonacci Retracements Analysis 29.06.2017 (EUR/USD, EUR/GBP)

The EUR/USD pair rebounded from the group of fibo-levels at 1.1400 – 1.1410, which means that it may start a new bearish correction.
28.06.2017

Fibonacci Retracements Analysis 28.06.2017 (EUR/USD, EUR/GBP)

The EUR/USD pair rebounded from the group of fibo-levels at 1.1140 – 1.1130 again and, as a result, started moving upwards quickly.
27.06.2017

Fibonacci Retracements Analysis 27.06.2017 (EUR/USD, EUR/GBP)

The EUR/GBP pair failed to fix below the group of fibo-levels at 0.8795 – 0.8770 and, as a result, resumed its growth.
26.06.2017

Fibonacci Retracements Analysis 26.06.2017 (EUR/USD, EUR/GBP)

Yesterday, the EUR/USD pair rebounded from the group of fibo-levels at 1.1140 – 1.1130 again and, as a result, started a short-term growth.