EURUSD falls to the 38.2% retracement of the 2023 trading range
EURUSD corrects to the 38.2% of the move up in 2023 The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to […]
Bears eye a retracement opportunity
NZD/USD bulls are taking on major resistance as the greenback falters. Bulls eye a break of recent highs but bears are lurking. NZD/USD has come up into a major resistance and it begs the question as to whether the bulls will stay the course as we head into critical events on both the United States and […]
WTI Oil Advances to the 100-Day MA; Breakout or Retracement Imminent?
KEY POINTS: Recommended by Zain Vawda Download Our Latest Q1 2023 Outlook Most Read: Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD WTI FUNDAMENTAL OUTLOOK Crude Oil enjoyed a bounce following the European open this morning buoyed by a weaker dollar. The Asian session saw WTI struggle in the absence of […]
6 Price Action Retracement Entry Types You Need To Know » Learn To Trade The Market
You’ve probably heard the word “retracement” or “retrace” quite frequently if you’re interested in trading the financial markets. But do you actually know what price retracements are, why they’re so important and how to properly take advantage of them? Perhaps not, but even if you do, today’s lesson is going to shed new light on […]
What is Fibonacci Retracement: Levels, Chart and Tools Explained
2023-01-04 2023-01-04 What is Fibonacci retracement? How to trade using this indicator? Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Fibonacci retracement levels are the favorite technical analysis tool of swing and scalping traders. They are based on a harmonic mathematical sequence with the golden ratio. The Fibonacci retracement tool can track potential price reversal points during a correction and confirm […]