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How to use Fibonacci retracement to predict forex market

Author

Listed:
  • Violeta Gaucan

    (Titu Maiorescu University, Bucharest, Romania)

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.

Suggested Citation

  • Violeta Gaucan, 2011. "How to use Fibonacci retracement to predict forex market," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(2), pages 1-1, February.
  • Handle: RePEc:spp:jkmeit:1134
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    Cited by:

    1. Hrvoje Josic & Berislav Zmuk, 2020. "Can Croatian Urban Hierarchy Be Approximated With The Fibonacci Sequence? An Analysis On Historical Population Data," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 29(1), pages 3-28, june.

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