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 ...

Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled its newest forex robot called FXGenix. This Expert Advisor (EA) for the MetaTrader 4 (MT4) platform is designed to identify ...

This narrative can sometimes be interpreted through a mathematical sequence introduced to the West in the 13th century by the Italian mathematician Leonardo of Pisa, also known as Fibonacci. YWO ...

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 Australian Dollar is edging lower on Wednesday as investors continue to bet on a rate cut by the Reserve Bank of Australia (RBA) as bushfires hit the economy. On top of a damage bill likely to run ...

The New Zealand Dollar is inching lower against the U.S. Dollar on Tuesday as caution reined in speculators ahead of the U.S. Federal Reserve’s monetary policy decisions on Wednesday. The Kiwi Dollar ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of ...

I am fond of saying the biggest edge a trend trader has is knowing how to counter-trend trade. And nothing spells counter-trend to me more than retracement, or Gann levels. If I'm drawing fibbo, or ...

The EURUSD moved above the 61.8% retracement level at the 1.1256 level and raced up to the next target at the 1.1300 level. There was a large option expiration which just passsd at the 1.1300 strike.