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.
09.10.2018
As we can see in the H1 chart, EURUSD is testing the short-term low.
08.10.2018
As we can see in the H4 chart, after being corrected downwards by 61.8%, XAUUSD has formed a new rising impulse.
04.10.2018
In the H4 chart, AUDUSD is forming another descending impulse inside the long-term downtrend; it has already broken the previous high.
03.10.2018
As we can see in the H4 chart, the divergence made EURJPY start a new correctional downtrend, which has already reached the retracement of 23.6%.
02.10.2018
In the H4 chart, the divergence made EURUSD reverse and start a new impulse.
01.10.2018
As we can see in the H4 chart, XAUUSD is trying to stop its correctional sideways movement and resume falling.
27.09.2018
On H4, the ascending trend on AUDUSD has stopped for a while.
26.09.2018
On H4, the GBP/USD is pulling back inside the uptrend being formed.