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.
17.07.2018
Fibo Analysis for EUR/USD and USD/JPY: July 17, 2018
On H4, the EURUSD is rising again after the correction.
16.07.2018
Fibo Analysis for GOLD and USD/CHF: July 16, 2018
On H4, the gold has broken out both the local and the long term low at $1,236.50 with its new downward move.
12.07.2018
Fibonacci Retracements Analysis 12.07.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, after being corrected by 38.2%, AUDUSD has started a new impulse to the downside.
11.07.2018
Fibonacci Retracements Analysis 11.07.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD start a new correction to the upside, which has already reached the retracement of 23.6%.
10.07.2018
Fibonacci Retracements Analysis 10.07.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, the mid-term sideways movement continues between the support and resistance levels at 1.1508 and 1.1852 respectively.
09.07.2018
Fibonacci Retracements Analysis 09.07.2018 (GOLD, USDCHF)
As we can see in the H4 chart, USDCHF is still trading sideways.
05.07.2018
Fibonacci Retracements Analysis 05.07.2018 (AUDUSD, USDCAD)
As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correction upwards, which has already reached the retracement of 23.6%.
04.07.2018
Fibonacci Retracements Analysis 04.07.2018 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD start a new correction to the upside.