Employed by traders and investors globally, Fibonacci analysis helps identify future price movements within the framework of technical analysis. Arguably the most talented western mathematician of the middle ages was Leonardo Pisano – also known as Leonardo of Pisa or Fibonacci – the gentleman who unearthed Fibonacci relationships. The Fibonacci sequence 0, 1, 1, 2, … Continue reading Using Fibonacci levels in Your Trading
EUR/USD: The single currency took on more of a sober approach throughout Thursday’s segment, consequently chalking up a clear-cut daily indecision candle. H4 price remains toying with the top edge of demand at 1.1650-1.1667, which happens to converge with a H4 AB=CD (black arrows) 127.2% completion at 1.1666 and is positioned just south of July’s … Continue reading Friday 13th July: Light economic calendar may limit movement today
Global Markets: Asian Stock Markets : Nikkei up 1.26%, Shanghai Composite up 2.26%, Hang Seng up 0.94%, ASX up 1.03% Commodities : Gold at $1243.60 (-0.06%), Silver at $15.85 (+0.18%), Brent Oil at $74.61 (+1.65%), WTI Oil at $70.83 (+0.64%) Rates : US 10-year yield at 2.860, UK 10-year yield at 1.293, Germany 10-year yield … Continue reading Thursday 12th July: Asian markets recover despite continued trade war concerns
EUR/USD: Across the board, the USD remained well-bid on Wednesday, seemingly buoyed by higher-than-expected PPI figures and Fed comments. In consequence, the shared currency suffered. The EUR/USD turned lower from the H4 mid-level resistance at 1.1750 into US trade, breaking 1.17 and connecting with H4 demand at 1.1650-1.1667 by the day’s end. Despite this, a … Continue reading Thursday 12th July: Attention is on UK’s release of the long-awaited white paper, which is expected to show a notable softening in the UK’s negotiating position
