Forex Fibonacci Retracement
Find the hidden levels in the market. Enter the price swing points to discover where the market is likely to retrace before continuing its trend.
What is Fibonacci retracement in Forex?
Fibonacci retracement is a technical analysis tool used to identify potential support and resistance levels. It is based on the idea that markets will often retrace a predictable portion of a move, after which they will continue to move in the original direction.
What are the main Fibonacci levels?
The most common retracement levels are 23.6%, 38.2%, 50.0%, 61.8%, and 78.6%. The 50% level is not strictly a Fibonacci ratio but is widely used by traders.
How do I use this calculator?
Enter the "High" price and the "Low" price of a recent trend. Select whether the trend is Up (Bullish) or Down (Bearish). The tool will then calculate the key price levels where the market might bounce or stall.
What is the Golden Ratio in Fibonacci?
The 61.8% level is considered the most significant Fibonacci level and is often referred to as the "Golden Ratio" or "Golden Mean" in technical analysis.