Ipek Ozkardeskaya
Swissquote Bank Ltd
In today’s special episode of Market Talk, we’re diving deep into one of the most fascinating tools in technical analysis: the Fibonacci retracement. Learn how this popular indicator helps identify key support and resistance levels, spot potential trend reversals, and guide your trading strategy with confidence.
We’ll also explore the golden ratio’s surprising connections to nature and why its popularity makes it a go-to tool for traders worldwide. Using practical examples like EURUSD and oil, I’ll show you how to apply Fibonacci levels effectively—whether you’re a day trader or focusing on medium-term trends.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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AUD/USD turns lower below 0.6150 as risk-off flows dominate
AUD/USD drops back below 0.6150 in Asian trading on Monday after failing to sustain the recovery from over four-year troughs. A broadly risk-averse market environment and persistent US Dollar strength overpower China's pro-growth measures and strong Chinese December trade data.
USD/JPY remains pressured near 157.00 amid risk aversion
USD/JPY stays pressured near 157.50 early Monday, having reversed from near 158.00 region in the last hours. Risk-off sentiment on hawkish Fed expectations and US economic resilience weigh on markets, reviving the safe-haven appeal of the Japanese Yen amid looming BoJ rate hike risks.
Gold: Trump policy concerns offset hawkish Fed bets; what’s next for XAU/USD?
Gold price pauses its four-day uptrend, treading water below $2,700 in Asian trading on Monday. Gold buyers seem to face exhaustion following a relentless rise in the previous week.
Bitcoin and Ethereum show weakness while Ripple remains strong
Bitcoin and Ethereum prices continue to trade in red on Monday after declining more than 3% and 10% in the previous week. However, Ripple remains strong and breaks above its upper symmetrical triangle boundary, suggesting a rally ahead.
Think ahead: Mixed inflation data
Core CPI data from the US next week could ease concerns about prolonged elevated inflation while in Central and Eastern Europe, inflation readings look set to remain high.
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