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 ...

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FOREXAnalysis: “The USDCAD rally from September is in 5 waves therefore the reversal should be respected. The most common retracement area following 5 wave movements is the former 4th wave, which ...

FOREX Observations: The high for the month thus far is day 1 of the month and the EURUSD has traded into channel support and the 100% extensions of the 13172-12803 and 13139-12882 declines. The bounce ...