Successful Forex trading using technical analysis hinges a lot on correct application of technical indicators, and the Fibonacci tools are not an exception. It is pretty easy to apply a tool like the Fibonacci tool retrospectively when the price action is all done and nicely fits, but the real challenge is how to apply the [...]

It seems that currencies took to heart the “optimism” coming from Europe, expecting quick deliverance for Greece. After all, the EMU finance ministers were supposed to grant the second bailout during their meeting in Brussels today. The EUR-USD gapped from the Friday’s closing of 1.3138 to 1.3179 and it just kept climbing, reaching as high [...]

Coming week is full of big fundamental announcements, including from central banks. On Tuesday, the Bank of Japan will disclose its interest rate decision. The BoJ has no room to cut rates any more, but it could introduce some unconventional measures. After all, the Japanese central bank lags behind its counterpart in this area. For example, it [...]