Author Archives: alan

This week we review USDCAD for our report… Hello everyone, This week the USDCAD chart is reviewed in the Weekly time frame, doing this is a must if you wish to find the major hot points on any chart. Notice I have placed the Fibonacci tool from the high early May 2017 to the next […]

Hello everyone, This week we review the EURAUD for our report… The Fibonacci labels have been round for centuries, however it is still amazing to see them at work in our current modern trading charts. The EURAUD is relatively new in terms of existence, although it too does react to the natural numbers. On todays […]

This week as I travel through the UK I am skimping through the papers over smoko between drives, the Brexit is a massive topic here and accordingly the UK market is susceptible to rumours and worry. This week it appears Boris Johnson, the former Mayor of London and former Foreign secretary may be plotting to […]

This week we look at GMG for our report… Looking at the long term Monthly chart we see a market creating what appears to be normal fluctuations, but sometimes these swings can be signals for moves from which we can make profits. Especially when they are based on the Fibonacci values. The chart shows a […]

This week we look at EURUSD Forex… The chart below shows us the importance and relevance of the Fibonacci series or the Golden Harmonic ratio in trading. The blue arrows on the top on the top and bottom of the chart represent the Optuma automatic script revealing time counts of 144 Trading days from major […]

This week we review EURUSD Daily chart…. Hello everyone, The EURUSD chart has a fabulous example of the Fibonacci Series providing support and resistance levels. It is most important to understand the synergies of support and resistance, probably the most significant aspect of successful trading. Once a market creates a support point, it may react […]