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 holds higher ground above 1.1250
EUR/USD recaptures 1.1250 in the European session on Tuesday, extending the previous gains. Renewed US Dollar weakness on fiscal and economic concerns amid US tariffs uncertainty underpins the pair. Speeches from ECB and Fed policymakers eyed amid a data-light calendar.
GBP/USD defends gains above 1.3350 despite weak US Dollar
GBP/USD sheds some ground while above 1.3350 in European trading on Tuesday. The pair fails to benefit from a fresh bout of US Dollar as markets remain cautious amid trade uncertainty and ahead of global PMI data due later this week. Fedspeak is next in focus.
USD/JPY drops back toward 144.50 amid US-Japan trade talks
USD/JPY remains in the red, heading toward 144.50 in the Asian session on Tuesday. The pair fades the upswing after Japan's Finance Minister Kato hinted at holding FX talks with US Treasury Secretary Bessent, which lifted the Japanese Yen.
Editors’ Picks
EUR/USD holds higher ground above 1.1250
EUR/USD recaptures 1.1250 in the European session on Tuesday, extending the previous gains. Renewed US Dollar weakness on fiscal and economic concerns amid US tariffs uncertainty underpins the pair. Speeches from ECB and Fed policymakers eyed amid a data-light calendar.
GBP/USD defends gains above 1.3350 despite weak US Dollar
GBP/USD sheds some ground while above 1.3350 in European trading on Tuesday. The pair fails to benefit from a fresh bout of US Dollar as markets remain cautious amid trade uncertainty and ahead of global PMI data due later this week. Fedspeak is next in focus.
Gold price sticks to intraday losses amid positive risk tone; holds above $3,200
Gold price maintains its offered tone through the Asian session on Tuesday though it manages to hold above the $3,200 round figure. Against the backdrop of rising trade optimism, hopes for a Russia-Ukraine ceasefire remain supportive of a positive risk tone.
Solana set for a consensus switch with the introduction of Alpenglow
Solana (SOL) showed signs of recovery in the American trading session on Monday following the introduction of a new consensus protocol, Alpenglow, which would replace the network's current Proof-of-History and TowerBFT mechanisms.
China April slowdown shows the impact of economic uncertainty
Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.
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