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Technical Review EUR/USD: Update Dec 14, 2011
Thursday, March 29th, 2012The pair finished the session lower after Merkel rejected raising upper limits of funding for ESM bailout mechanism according to sources in the ruling coalition, while Moody’s has put the ratings of eight Spanish banks and two holding companies on review for possible downgrade. Of note, the latest German ZEW Survey Current Situation component missed expectation, while the Economic Sentiment component posted a modest gain. In terms of technical levels, supports are seen at 1.3145, 1.3088 and then at 1.3046 which is the 61.8% Fibonacci retracement of the 1.1876-1.4940 move. On the other hand, resistance levels are seen at 1.3356 and then at the 21DMA line at 1.3389.
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ForeX Trading for Maximum Profit
Monday, January 23rd, 2012Read the rest of this entry »
Who said ” you can’t teach an old dog a new trick? ” I have read many many books over the years on markets of various types. Though I have not traded the 24 hours Forex market, I have traded the currency markets as well as the futures, stocks and options. I have been student of all kinds of systems, Fibonacci and Elliot Wave, Gann - have used dozens of indicators, yet I am always looking for something more to learn. I figure that if I can learn just a bit more I may become a better trader.
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Fibonacci Retracement on Chart
Wednesday, June 20th, 2007Well, Basicly Fibonacci retracement is very popular a technical tool to see where the market will move. Its mathematical number was announced by Leonardo Fibonacci in 13th century.
Investopedia.com: In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
Now, how I can put the indicator on my marketiva chart ?
Right click on chart, select Fibonacci Retracement.
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Related Terms: Fibonacci Moving Average, Belajar Fibonacci,
