Fibonacci Introduction Leonardo Pisano Bogollo discovered the Fibonacci sequence during the 13th century in Italy. He was nicknamed “Fibonacci” which roughly means “Son of Bonacci”, Bonacci being his fathers family name. The use of Fibonacci levels in trading is based on the principle that the ratios of the Fibonacci Sequence tend to coincide with key [...]
One of the most important barometers for global currencies is the Dollar Index (DXY), which measures the value of the US Dollar versus a basket of global currencies. It began at an arbitrary 100.000 in March of 1973. The basket of currencies essentially consists of nations that have significant trading relationship with the US and [...]
Precious metals have long been considered as stores of wealth for thousands of years. Prior to the advent of the fiat currency system, the world’s currencies were directly or indirectly pegged to gold. Some proponents of the latter system still believe that holding precious metals is better than holding currency. Investing money in silver and [...]
