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.

08.07.2020

Fibonacci Retracements Analysis 08.07.2020 (GBPUSD, EURJPY)

After completing the correction to the downside, GBPUSD is forming a new rising wave; in the case of EURJPY, the instrument is about to finish the ascending correctional wave and start a new impulse to the downside.
07.07.2020

Fibonacci Retracements Analysis 07.07.2020 (EURUSD, USDJPY)

EURUSD is consolidating before making a new “jump”, while USDJPY is completing the correction and preparing for another growth.
06.07.2020

Fibonacci Retracements Analysis 06.07.2020 (GOLD, USDCHF)

After breaking the high, XAUUSD is trying to fix above it but doesn’t seem to be strong enough; in the case of USDCHF, the price is falling.
02.07.2020

Fibonacci Retracements Analysis 02.07.2020 (AUDUSD, USDCAD)

AUDUSD is still consolidating not far from 50.0% fibo, while USDCAD may jump in the nearest future.
01.07.2020

Fibonacci Retracements Analysis 01.07.2020 (GBPUSD, EURJPY)

GBPUSD is falling but may start a new pullback soon, while EURJPY is about to finish the ascending correctional wave and start a new impulse to the downside.
30.06.2020

Fibonacci Retracements Analysis 30.06.2020 (EURUSD, USDJPY)

EURUSD is back to testing the support at 61.8% fibo and may fall below it, while USDJPY is correcting upwards after the convergence.
29.06.2020

Fibonacci Retracements Analysis 29.06.2020 (GOLD, USDCHF)

After breaking its previous important high, XAUUSD is trying to fix above it and continue the uptrend; in the case of USDCHF, the market has broken a Triangle and may continue falling.
25.06.2020

Fibonacci Retracements Analysis 25.06.2020 (AUDUSD, USDCAD)

AUDUSD is being pulled inside a sideways channel not far from 50.0% fibo, while USDCAD is stuck inside a correction after completing the rising impulse.