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.
28.02.2017
The EUR/USD pair rebounded from the correctional retracement of 61.8% twice and, as a result, started consolidating.
27.02.2017
The EUR/USD pair rebounded from the correctional retracement of 61.8%.
24.02.2017
The EUR/USD pair is trying to rebound from the correctional retracement of 50%.
23.02.2017
The EUR/USD pair is being corrected to the upside.
22.02.2017
Yesterday, the EUR/USD pair reached a new low, which means that it may continue falling.
21.02.2017
In case of the EUR/USD pair, the ascending correction continues.
20.02.2017
In case of the EUR/USD pair, the current ascending correction may yet continue and test the retracement of 50% and 1.0672 once again.
17.02.2017
After rebounding from the group of downside fibo-levels, the EUR/USD pair started the current correction.