Fibonacci Extensions are a technical analysis tool used in financial markets, particularly in forex trading, to identify potential price levels where an asset’s price may extend beyond its previous swing high or low
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)
The Chinese GDP growth rate refers to the annual percentage change in the country’s Gross Domestic Product (GDP). It serves as a key indicator of China’s economic performance and reflects the overall health and strength of its economy
To become a successful forex trader, it is essential to have a solid understanding of fundamental analysis. Fundamental analysis involves evaluating the underlying factors that impact the value of a currency, such as economic indicators, central bank policies, and geopolitical events
PIIGS is an abbreviation used to represent five countries: Portugal, Italy, Ireland, Greece, and Spain. These countries share certain characteristics, such as high levels of debt, weak economic growth, and financial instabilityze opportunities in the market.
The Economic and Monetary Union (EMU) refers to the collective framework established among European Union (EU) member states to promote economic integration and foster monetary cooperation
The European Currency Unit (ECU) was a basket currency that served as a precursor to the euro. It was introduced in 1979 as an accounting unit by the European Economic Community (EEC), which later became the European Union (EU)
The European Economic Area (EEA) is an economic agreement that extends the European Union (EU) single market to non-EU member countries
The European Central Bank (ECB) is an independent institution responsible for maintaining price stability and managing the monetary policy of the Eurozone, which consists of 19 European Union (EU) member states that have adopted the euro as their currency
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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.