The Australian and New Zealand dollars edged higher on Wednesday as a truce in the Middle East seemed to be largely holding for the moment, outweighing a soft domestic inflation ...
- Fibonacci retracement zones can be used to determine when a correction in trend is over. - Traders use Fibonacci retracement zones to pinpoint low risk well defined trade opportunities - Fibonacci ...
Use the Relative Strength Index (RSI) to confirm when a turn may be taking place Enter the trade with at least a 1:2 risk-to-reward ratio Fibonacci retracement ratios have been used by traders for ...
When trading, the numbers on a chart tell a story. It is a story of rhythm, of ebb and flow, of expansion and contraction. This narrative can sometimes be interpreted through a mathematical sequence ...
In this article, Elliott Wave International's Jeffrey Kennedy demonstrates ways to spot trading opportunities across any market and timeframe. Elliott Wave International's Senior Analyst Jeffrey ...
There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines. This is the short version. A 38.2% level keeps the trend intact and new highs/lows should follow.
Ideally, when the market is in a downtrend, we should look for rallies up off of the lows to a resistance level as a selling opportunity. Conversely, when the markets are in an uptrend we should look ...
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The EUR/USD exchange rate pared back some of the losses experienced earlier this month as traders focused on the next actions by the Federal Reserve and the European Central Bank. Federal Reserve and ...
Major central banks have hiked their policy rates in the face of surging inflation since the Covid-19 pandemic — but the Bank of Japan has been an outlier. It has stayed put ... The Australian and New ...