Fibonacci Calculator

Calculate Fibonacci Levels effortlessly with Fibonacci Calculator

Fibonacci calculator is a tool designed to automate the process of calculating Fibonacci retracement and extension levels based on your chosen price points. Fibonacci levels are derived from the famous Fibonacci sequence. These levels are used to predict potential support and resistance levels in trading. Using a Fibonacci calculator allows traders to quickly and accurately determine these levels without manual calculation, saving valuable time and reducing errors.

What are Fibonacci levels and why are they important in trading?

Fibonacci levels are key horizontal lines drawn on a price chart that indicate potential support and resistance areas based on ratios derived from the Fibonacci sequence. These levels are widely used in technical analysis to help traders predict price retracements and extensions in financial markets.

The most common levels in trading are 23.6%, 38.2%, 50%, 61.8% and 100%. These levels are used to identify potential reversal points in the market, allowing traders to make informed decisions about entry and exit points.

What are Fibonacci Retracement and Fibonacci Expansion?

Fibonacci Retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. They are drawn between a high and low point on a price chart, helping traders identify potential reversal points during a pullback in an uptrend or downtrend.

Fibonacci Expansion levels, on the other hand, are commonly used to predict potential price targets after a retracement. They are drawn from a significant price movement and extend beyond the original high or low, providing traders with potential profit-taking levels.

What is the Fibonacci Calculator?

The Fibonacci calculator is a tool that automates the process of calculating Fibonacci retracement and extension levels. By inputting the high and low points of a price movement, the calculator generates the corresponding Fibonacci levels, saving traders time and effort in manual calculations.

How to use the calculator

Our Fibonacci calculator is designed for simplicity and accuracy. Here's how to use it:

1. Select the Fibonacci type you want to calculate (retracement or extension).
2. Input the high and low points of the price movement you want to analyze. If you use Fibonacci extension, you also need to enter the end price
3. Choose the price movement you want to analyze (uptrend or downtrend).

Practical example

Let's say you're analyzing the EUR/USD currency pair. You identify a recent price movement where the price moved from 1.1000 (low) to 1.3000 (high). You want to calculate the Fibonacci retracement levels for this movement.

• Type: Fibo Retracement
• Low: 1.1000
• High: 1.3000
• Trend: Uptrend

After entering these values into the Fibonacci calculator, it will generate the following retracement levels:

• 0%: 1.3000
• 23.6%: 1.2528
• 38.2%: 1.2236
• 50%: 1.2000
• 61.8%: 1.1764
• 78.6%: 1.1428
• 100%: 1.1000

Combine with other calculators

This calculator is just one of the many essential tools for smart trading. To fully manage your trades, consider using it in conjunction with other calculators:

• Forex Pip Calculator: Calculates the value of pips to estimate potential profits or losses and manage risk.
• Forex Lot Size Calculator: Calculates the ideal trade size for risk management.
• Forex Margin Calculator: Estimates required margin to open and maintain a trade.
• Forex Profit Calculator: Calculates potential profits or losses of trades.
• Risk of Ruin Calculator: Simulate the risk of losing your account based on your trading strategy.

Each of our Forex Calculators is designed to give traders the insights they need without unnecessary complexity. By combining these tools, you can create a optimize your trading strategy to minimizes risk and maximizes profit.