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.
16.02.2017
After rebounding from the target group of fibo-levels, the EUR/USD pair started the current correction.
15.02.2017
The EUR/USD pair is still moving downwards.
14.02.2017
The EUR/GBP pair rebounded from the group of local fibo-levels and tried to resume its growth.
13.02.2017
After rebounding from the correctional retracement of 50%, the EUR/USD pair resumed its decline and managed to fix below the retracement of 38.2%.
10.02.2017
After rebounding from the correctional retracement of 38.2%, the EUR/GBP pair resumed moving downwards.
09.02.2017
After rebounding from the group of upside fibo-levels, the EUR/USD pair resumed its decline.
08.02.2017
After rebounding from the group of upside fibo-levels, the EUR/USD pair resumed its decline.
07.02.2017
After rebounding from the correctional retracement of 50%, the EUR/USD pair resumed its decline and then broke the retracement of 38.2%.