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.

24.06.2020

Fibonacci Retracements Analysis 24.06.2020 (GBPUSD, EURJPY)

GBPUSD is forming a descending channel, while EURJPY is about to finish the descending correctional wave.
23.06.2020

Fibonacci Retracements Analysis 23.06.2020 (EURUSD, USDJPY)

After testing the support at 61.8% fibo, EURUSD may resume growing, while USDJPY is trading sideways.
22.06.2020

Fibonacci Retracements Analysis 22.06.2020 (GOLD, USDCHF)

Last Friday, XAUUSD almost reached the high but didn’t break it, while USDCHF is stuck inside a short-term Triangle patter.
18.06.2020

Fibonacci Retracements Analysis 18.06.2020 (AUDUSD, USDCAD)

The divergence on MACD made AUDUSD resume falling, while USDCAD is trading upwards and has already tested the resistance at 61.8% fibo.
17.06.2020

Fibonacci Retracements Analysis 17.06.2020 (GBPUSD, EURJPY)

GBPUSD is trying to reverse downwards after the divergence, while EURJPY is still correcting to the downside.
16.06.2020

Fibonacci Retracements Analysis 16.06.2020 (EURUSD, USDJPY)

EURUSD has stopped growing in favor of a new correction, while USDJPY is pretty close to break the low but may rebound from it as well.
15.06.2020

Fibonacci Retracements Analysis 15.06.2020 (GOLD, USDCHF)

XAUUSD is trying to rise but doesn’t seem to be strong enough for that, while USDCHF is reversing to the upside.
11.06.2020

Fibonacci Retracements Analysis 11.06.2020 (AUDUSD, USDCAD)

The divergence on MACD is making AUDUSD complete the uptrend, while USDCAD is about to start a new rising wave after testing 76.0% fibo.