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Fibonacci Numbers And Their Relevance To The Forex Market.pdf

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文档介绍:I NUMBERS AND THEIR RELEVANCE TO THE FOREX MARKET
By MTI Europe

i Numbers and their Relevance to the Forex Market
Leonardo de Pisa de i was born in Pisa, Italy in or around 1175 AD and died around 1250. He was
known as the greatest European mathematician of the Middle Ages and was one of the first people to introduce
the Hindu-Arabic number system into Europe. The positional system we use today replaced the use of Roman
numerals and is based upon 10 digits, a decimal point and a symbol for zero.
The Numbers
One of his works introduced the idea that a pair of rabbits in a field take one month to mature and then
produce a new pair every month. Assuming that they do not escape or die their breeding pattern will be;
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233……….

Other natural occurrences also adhere to these rules: the rows of scales on a pineapple, the pattern of the
seeds on a sunflower, and the branches on a sneezewort plant all show evidence of this sequential pattern.
Now, it is not so much these numbers but rather the relationship between them that has fascinated traders
over the years to such an extent that they are now regarded as an entirely natural happening within the Forex
trading environment.

Take, for example, the following numbers from above…………………55, 89, 144, 233….

We can see that
89 / 144 = .618...................