Archive for June 25th, 2010
Learn Forex – The Basics of Fibonacci in Forex Trading
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Fibonacci theory as we know it today originated from a 13th century Italian mathematician by the name of Leonardo of Pisa, otherwise known as Leonardo Fibonacci. His work that eventually led to such mainstream technical analysis standards as Fibonacci retracements originated from a sequence [...]
Forex Technical Analysis (2010/06/25) GBP/USD At Key Resistance
(Please click on the forex chart thumbnail to enlarge) 6/25/2010 Forex Technical Analysis (FXpath.com) – GBP/USD, a daily chart of which is shown, has stalled in its bullish correction just around the key 1.5000 price region. This resistance area also coincides with a key downtrend resistance trendline extending from the November 2009 high. While GBP/USD has been bullish for [...]
