Understanding Fibonacci Retracement
Fibonacci retracement is a specific application of Fibonacci studies in Forex trading, focusing on identifying potential support and resistance levels
Fibonacci retracement is a specific application of Fibonacci studies in Forex trading, focusing on identifying potential support and resistance levels
The Fibonacci ellipse is constructed by drawing an ellipse that passes through key points on a price chart. These points are typically determined by Fibonacci ratios, such as 0.382, 0.500, 0.618, and others
The Fibonacci spiral is a visually captivating representation of the Fibonacci sequence. It starts with a small square, followed by a larger square whose side length is equal to the sum of the previous two squares
Fibonacci studies involve the use of various mathematical ratios derived from the Fibonacci sequence, a series of numbers in which each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on)
Factory orders refer to the demand for manufactured goods placed by businesses, institutions, and consumers. These orders provide valuable insights into the health and performance of the manufacturing sector. Factory orders encompass both durable goods and non-durable goods
A forward contract is a type of derivative that allows two parties to agree upon an exchange rate for a future date
An FX swap, also known as a foreign exchange swap or currency swap, is a derivative contract that allows traders to exchange two different currencies at an agreed-upon exchange rate
A futures contract is a standardized agreement to buy or sell an underlying asset at a predetermined price and date in the future. It obligates both parties involved in the contract to fulfill their respective obligations
The Fiji dollar is the official currency of Fiji, an island nation located in the South Pacific Ocean. The currency is issued by the Reserve Bank of Fiji and is recognized as legal tender within the country
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, a British Overseas Territory located in the South Atlantic Ocean
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Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.