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.
06.02.2017
After rebounding from the retracement of 50% and several local fibo-levels, the EUR/USD pair resumed its decline.
03.02.2017
The EUR/USD pair failed to fix above the retracement of 50% and, as a result, started falling.
02.02.2017
In case of the EUR/USD pair, the ascending correction continues.
01.02.2017
In case of the EUR/USD pair, the correction continues.
31.01.2017
The EUR/USD pair is testing the correctional retracement of 38.2% again.
30.01.2017
The EUR/USD pair failed to fix above the correctional retracement of 38.2%, which means that it may resume moving downwards.
27.01.2017
The EUR/USD pair is trying to fix below the correctional retracement of 38.2%.
26.01.2017
The EUR/USD pair is still consolidating above the correctional retracement of 38.2%.