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.
19.06.2018
As we can see in the H4 chart, the divergence made USDJPY reverse and started a new downtrend, which has already reached the retracement of 38.2%.
18.06.2018
As we can see in the H4 chart, after being corrected to the upside by 38.2%, XAUUSD has broken the low and started a new descending impulse.
14.06.2018
As we can see in the H4 chart, USDCAD is still trading sideways.
13.06.2018
As we can see in the H4 chart, GBPUSD is being corrected upwards; the pair has almost reached the retracement of 23.6% at 1.3482, but then started consolidating.
12.06.2018
As we can see in the H4 chart, USDJPY has started a new rising impulse, which is heading towards the retracement of 76.0% at 110.62.
11.06.2018
As we can see in the H4 chart, XAUUSD is being corrected sideways and has already reached the retracement of 23.6%.
07.06.2018
In the H4 chart, AUDUSD is still being corrected to the upside and has already reached the retracement of 61.8%.
06.06.2018
As we can see in the H4 chart, the convergence made GBPUSD complete the downtrend and start a new correction to the upside.