Traders need to determine support and resistance levels and decide where to open and close positions. Watch the video to learn more!
Webinar "All you need to know about Fibonacci"
Information is not investment advice
Fibonacci retracement is a popular tool among Forex traders, so you may think that you know everything about it. Are you sure that you draw the Fibo levels correctly? Do you know that there are several other Fibonacci tools that may be of help in trading currencies? Have you heard how Fibo ratios work together with Elliott waves and harmonic patterns?
Everything you need to know for the first week of August
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.