Fibonacci Calculator
The Fibonacci Calculator is one of the most powerful tools in determining the resistance and support of a currency trade. It enables the trader to set profit and bounce targets. By setting profit and bounce targets, the trader is able to plan ahead, instead of responding only at the instance price changes.
To use the Fibonacci Calculator below, simply enter the High Value and Low Value of the trend you want to examine, and click the "Calculate" button.
What is Fibonacci Retracement?
A technical analysis term used to describe the likelihood that a financial asset's price will retrace a large portion of an original move and find resistance or support at the key Fibonacci levels before it resumes in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
