How to use Fibonacci retracement to predict forex market

Violeta Gaucan ()
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Violeta Gaucan: Titu Maiorescu University, Bucharest, Romania

Journal of Knowledge Management, Economics and Information Technology, 2011, vol. 1, issue 2, 1

Abstract: In the material below I have tried to explain how can be used Fibonacci Retracement as an important tool to predict forex market. In this article I have included some graphic formats such as Fibonacci arcs, fan, channel, expansion, wich are created also with Fibonacci retracement and also rules to perfect chart plotting. I have analyzed some examples of Fibonacci retracements pattern in a downtrend and in an uptrend. In this article I have used and combine material from different sources trying to create a start point for those one of you that are interested.

Keywords: Fibonacci ratios; downtrend; uptrend; suport and resistance levels (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:spp:jkmeit:1134

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