Fibonacci retracement levels are considered as hidden support and resistance levels. Quite often they coincide with obvious support and resistance levels, like in the forex graph in question.

The second is Fibonacci retracements and this is what most of this post will be about. Any market that is going to continue with the current trend should stay below either 38.2%, or when there is a ...

Consider an example of a forex swing trader operating based on the Fibonacci Retracement levels that will be described further in the following section under Retracement Trading. The trades this ...

It could spark the next impulse wave if the price sustains above $2.18 (0.618 Fibonacci retracement). The initial upside target lies at $2.508 (previous wave high), with further potential toward $ ...

This is an update to the previous post on Wheat bottoming at a 78.6% retracement. It has now hit 38.2% above and the setback from there has held 38.2% back to the low showing how important the ...

WTI oil futures have been in decline for three weeks, shedding 6% since January’s peak of 79.36. Tuesday’s sharp pullback ...

You can see that the Euro has had a very big day during Friday as trump has blathered in the news that he wants Chairman Powell to start cutting rates immediately. Oddly enough, Trump doesn't make ...