AI Hub
4 July 2023
What Does Each Fibonacci Level Signify in the Forex Market?
Fibonacci levels are an important tool for technical analysis in the Forex market. The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding numbers, starting with 0 and 1. These levels are used to identify support and resistance areas in the market, as well as potential entry and exit points. In this blog post, we will explore what each Fibonacci level signifies in the Forex market. Fibonacci levels are based on the mathematical sequence created by the Italian mathematician Leonardo Fibonacci. The sequence starts with 0 and 1, then continues by adding together the two previous numbers to get a new number: 0+1=1; 1+1=2; 2+1=3; 3+2=5; 5+3=8; 8+5=13 etc. This sequence can be extended indefinitely and it has many applications in mathematics,...
AI Hub
15 April 2023
What precisely does the fractal indicator entail in the realm of forex?
Fractal Indicator: A Powerful Tool for Forex Trading The Fractal indicator is a powerful tool used by forex traders to identify and capitalize on potential trading opportunities. It is based on the concept of “fractals”, which are recurring patterns in price action that can be used to identify support and resistance levels. The indicator is designed to provide traders with an edge when trading in the foreign exchange (forex) market, as it helps them recognize potential entry and exit points for their trades. To understand how the Fractal indicator works, it’s important to first understand what fractals are. In mathematics, a fractal is a pattern that repeats itself at different scales. In forex trading, fractals refer to repeating patterns in price action that can be used to identify support and...
