Welcome to Part 3 of our essential 5-part Forex trading education series! I'm Nathan Bray, Senior Account Manager at ACY Securities and in this module, we dive deep into using Fibonacci retracement zones to identify potential reversal points during market pullbacks. You'll learn how to combine trend analysis with support and resistance to pinpoint optimal trading zones with high confluence, allowing you to plan trades in advance.
What you'll learn
Fibonacci Retracement Zones: Discover how to use this powerful tool to spot potential market reversals.
Trend Analysis: Build on your knowledge from Parts 1 and 2, focusing on identifying and leveraging market trends.
Support and Resistance: Integrate major support and resistance levels with Fibonacci retracement to enhance your trading strategy.
High Confluence Trading Zones: Learn to identify key market levels with multiple confirmations for higher probability trades.
Why this matters
Combining these three elements—trend, support and resistance, and Fibonacci retracement—provides a robust framework for identifying key levels in the market. This approach increases the likelihood of successful trades by offering multiple confirmations of potential price movements.
Dive into the charts and learn how to apply Fibonacci retracement levels effectively. By the end of this module, you'll be equipped with the knowledge to identify and trade off key levels in the market confidently.
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.
Editors’ Picks
EUR/USD retests 1.0500 ahead of US CPI inflation, ECB rate call in the barrel
EUR/USD shed close to 0.2% on Tuesday, chalking in a third straight declining trading day and testing down into the 1.0500 handle as the Euro’s near-term bullish recovery fizzles out.
GBP/USD steadies near 1.2800 as traders expect BoE to maintain current interest rates
GBP/USD extends its winning streak for the third successive session, trading around 1.2780 during the Asian hours on Wednesday. The Pound Sterling gains support against its major peers as traders become increasingly confident that the Bank of England will keep its interest rates unchanged at 4.75% in December’s monetary policy decision.
USD/JPY drops from 152.00 after Japanese PPI data
USD/JPY eases from 152.00 in Wednesday's Asian trading, stalling a two-day uptrend. A hot Japan PPI report leaves the door open for a BoJ rate hike next week, supporting the Japanese Yen while the US Dollar upswing takes a breather ahead of the US CPI data release.
Editors’ Picks
AUD/USD consolidates near multi-month low below 0.6400, US CPI eyed
AUD/USD enters a bearish consolidation phase near a multi-month low of 0.6365 set on Tuesday. China's economic woes and less hawkish RBA remain a drag on the pair. Traders await the US CPI report on Wednesday before placing fresh directional bets.
USD/JPY drops from 152.00 after Japanese PPI data
USD/JPY eases from 152.00 in Wednesday's Asian trading, stalling a two-day uptrend. A hot Japan PPI report leaves the door open for a BoJ rate hike next week, supporting the Japanese Yen while the US Dollar upswing takes a breather ahead of the US CPI data release.
Gold finds acceptance above $2,670, eyes a fresh leg up on US CPI data
Gold's price is on a solid recovery, flirting with two-week highs just above $2,700 early Wednesday. However, the further upside in gold price hinges on the release of the US Consumer Price Index data, which will likely set the pace for the US Federal Reserve’s early next year.
Could Google's supercomputer crack Bitcoin? Crypto community maintains positive outlook
Bitcoin faced mixed sentiments on Tuesday after crypto community members spoke on the potential of Google's new quantum chip Willow's ability to crack blockchain networks and render the security of public key cryptography useless.
How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment.
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