- NZDUSD has also broken a downtrend line on the daily chart time frame. - The 61.8% Fibonacci expansion target is a conservative profit taking level. Though recent economic data out of China’s ...

Discover Fibonacci techniques to identify stock patterns and optimize entry/exit points, enhancing your trading profits with proven strategies.

Forex harmonic patterns are a type of chart pattern used by forex traders to identify potential reversals in the market. Harmonic patterns are based on Fibonacci numbers and geometry and use specific ...

Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...

Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...

The S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is bullish.

A forex trading strategy defines how you will enter and exit trades, by using technical indicators to identify key price levels. While there are hundreds of strategies, we’ve compiled a list of ten of ...