Fibonacci Calculator is a powerful tool of technical analysis. It is used for calculating Fibonacci support and resistance retracement levels.
Fibonacci calculations are used for various financial instruments. Such as, equity stocks and futures, commodities, bond and forex currency. It can be used with any time frame to generate both retracement and extension values, for uptrend and downtrend.
Utilize retracement levels specific to the timeframe you intend to trade, and it's beneficial to monitor multiple retracement levels across various timeframes as a sound strategy.
Fibonacci Calculator Usage:
In Up-Trend : If you want to calculate the Fibonacci support and resistance retracement levels for the stock, future, currency or commodity in its up-trend move enter the high and low price for the same in up-trend input boxes and click on calculate button.
In Down-Trend : If you want to calculate the Fibonacci support and resistance retracement levels for the stock, future, currency or commodity in its down-trend move enter the high and low price for the same in down-trend input boxes and click on calculate button.
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