A market rarely moves vertically up or down, prices tend to retrace a predictable part of a move, known as Fibonacci retracements, then continue along its trajectory either up or down. Fibonacci retracements attempt to make a science out of the “random walk” the ordinary price volatility of the market to determine support and resistance …
Indicators
Technical indicators can either be leading or lagging. Leading indicators predict future price movements and lagging indicators confirm long term trends by filtering out short term price movements, often referred to as noise Both technical indicators, leading and lagging have their advantages and disadvantages but combined with the fundamentals they can improve a trader’s performance. …
Post Brexit Negotiations
Darren Winters explains, post Brexit negotiations are back on the radar, as the extension to the transitional period negotiations is due to be decided whether it will be extended beyond the 31 of December deadline. Just to recap Britain has officially left the 27-nation bloc on January 31 but remains within the EU’s economic and …
Tourism Meltdown
As Darren Winters points out, the tourism meltdown is currently underway, triggered by COVID-19’s great lockdown, and the fallout is disbursing menacing clouds over the wider economy. After one hundred years in business, Hertz Global Holdings Inc has recently filed for chapter 11 bankruptcy, nearly 700,000 vehicles lay idle, 16,000 jobs have been axed and …