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.
19.11.2021
Both AUDUSD and USDCAD are about to correct.
18.11.2021
Brent is falling, but it’s not quite clear yet whether it’s a pullback or reversal; in the case of the Dow Jones index, the price is correcting after updating the high.
17.11.2021
GBPUSD is correcting before further decline towards the long-term 38.2% fibo; in the case of EURJPY, the current descending wave may transform into new growth.
16.11.2021
After breaking 50.0% fibo, EURUSD is still trading downwards; in the case of USDJPY, the price is trying to reach the high at 114.70.
15.11.2021
XAUUSD is correcting before starting a new ascending impulse; in the case of USDCHF, the price has rebounded from 50.0%.
12.11.2021
AUDUSD completed a correction phase and is declining again, USDCAD quotations are forming a long-term wave of growth.
11.11.2021
Brent tried to rise to the high but failed; Dow Jones is pulling back upon renewing the high.
10.11.2021
GBPUSD is forming another declining momentum to 38.2%, a wave of growth in EURJPY has not reached its high.