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.


Fibonacci Retracements Analysis 19.01.2022 (GBPUSD, EURJPY)

GBPUSD is forming the descending wave that may reach the low at 1.3160; in the case of EURJPY, the price is heading towards the low at 127.38.

Fibonacci Retracements Analysis 18.01.2022 (EURUSD, USDJPY)

EURUSD is falling after completing the rising wave, while USDJPY may update its previous high.

Fibonacci Retracements Analysis 17.01.2022 (GOLD, USDCHF)

XAUUSD is trying to grow and reach the mid-term 61.8% fibo, while USDCHF has tested the low at 0.9085.

Fibonacci Retracements Analysis 14.01.2022 (AUDUSD, USDCAD)

AUDUSD is still correcting upwards, while USDCAD is forming a correction to the downside.

Fibonacci Retracements Analysis 13.01.2022 (Brent, Dow Jones)

Brent is going to attack the high; in the case of the Dow Jones index, the price may resume falling after completing the pullback.

Fibonacci Retracements Analysis 12.01.2022 (GBPUSD, EURJPY)

Both GBPUSD and EURJPY may correct before attacking their respective highs.

Fibonacci Retracements Analysis 11.01.2022 (EURUSD, USDJPY)

EURUSD is looking like a compressed spring that is about to be released, while USDJPY is starting a new correction to the downside.

Fibonacci Retracements Analysis 10.01.2022 (GOLD, USDCHF)

After completing the correction at 61.8% fibo, XAUUSD is starting a new growth; in the case of USDCHF, the price may grow towards 61.8% fibo or even reach the high at 0.9374.