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.
06.05.2019
Fibonacci Retracements Analysis 06.05.2019 (GOLD, USDCHF)
From the technical point of view, the H4 chart of XAUUSD shows the correction that started after the convergence.
02.05.2019
Fibonacci Retracements Analysis 02.05.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, after reaching the resistance level at the retracement of 38.2%, AUDUSD has completed the short-term correction.
01.05.2019
Fibonacci Retracements Analysis 01.05.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, the convergence made GBPUSD start a new correctional uptrend, which has already reached the retracement of 38.2%.
30.04.2019
Fibonacci Retracements Analysis 30.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, after breaking the previous low, EURUSD has started a short-term pullback.
29.04.2019
Fibonacci Retracements Analysis 29.04.2019 (GOLD, USDCHF)
In the H4 chart, USDCHF is trading upwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0247 and 1.0306 respectively.
25.04.2019
Fibonacci Retracements Analysis 25.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the divergence made AUDUSD start a new downtrend.
24.04.2019
Fibonacci Retracements Analysis 24.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after being corrected to the upside by 76.0%, EURJPY is trading downwards.
23.04.2019
Fibonacci Retracements Analysis 23.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, the short-term pullback is about to finish and EURUSD is trying to start a new descending impulse.