Fibonacci Retracement is one of the most well-known technical indicator. There are forex traders who think of it as a real life 'magic', but there are traders who are unable to use it correctly.
Forex traders noticed a correlation between the Fibonacci ratio and prices in forex market. The result of this was the development and use of Fibonacci as a technical indicator.
Moving Averages Convergence Divergence (MACD) is a lagging indicator, but is very useful on trending market. This article will reveal how we can predict price trend using this particular indicator.
Moving Average is an extremely popular indicator that is commonly featured in trading platforms. It helps trader to understand the overall pattern of price movement.