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.

10.06.2020

Fibonacci Retracements Analysis 10.06.2020 (GBPUSD, EURJPY)

After breaking the high, GBPUSD continues trading upwards; in the case of EURJPY, the rising movement was followed by a new correction to the downside.
09.06.2020

Fibonacci Retracements Analysis 09.06.2020 (EURUSD, USDJPY)

EURUSD has reached the long-term 38.2% fibo, while USDJPY has plummeted after reaching 61.8% fibo.
08.06.2020

Fibonacci Retracements Analysis 08.06.2020 (GOLD, USDCHF)

After failing to update the high, XAUUSD is moving downwards, while USDCHF may rise significantly after the convergence.
04.06.2020

Fibonacci Retracements Analysis 04.06.2020 (AUDUSD, USDCAD)

After taking a short break, AUDUSD boosted its growth and has already broken the fractal high, while USDCAD is approaching 76.0% fibo.
03.06.2020

Fibonacci Retracements Analysis 03.06.2020 (GBPUSD, EURJPY)

GBPUSD is trading to break its previous high; in the case of EURJPY, the current rising movement may be considered as a long-term ascending wave.
02.06.2020

Fibonacci Retracements Analysis 02.06.2020 (EURUSD, USDJPY)

EURUSD has tested the high and may form a mid-term rising wave; USDJPY is still correcting but the technical picture indicates a possibility of a quick wave to the upside.
01.06.2020

Fibonacci Retracements Analysis 01.06.2020 (GOLD, USDCHF)

After finishing the pullback, XAUUSD is rising again but hasn’t updated the high yet; in the case of USDCHF, the price has broken the Triangle pattern to the downside.
28.05.2020

Fibonacci Retracements Analysis 28.05.2020 (AUDUSD, USDCAD)

After reaching an important fractal, AUDUSD is slowing down its growth, while USDCAD is still falling after updating the low.