Fibonacci Calculator

Fibonacci, or Fibonacci numbers or Fibonacci sequence, also known as the golden ratio is the numbers that integrate the following sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987...
The golden ratio, in this case, comes from the finding that the division of a Fibonacci sequence number by its predecessor is approximately 1.618. Fibonacci is found in many places in nature. It is present in us, in the relation of our fingers, hands, arms, feet, face and more. In addition to also be present in the petals growth of most flowers, shells, seahorse and more.

The Fibonacci sequence can also be seen in market movements. By doing a graphical analysis with Fibonacci it is possible to determine points of support and resistance. The importance and relevance of this tool are readily apparent, and it is so widely used by traders around the world that it ends up being one of the self-fulfilling prophecies.

How to plot the Fibonacci sequence?
To establish a Fibonacci, two points are necessary. The maximum and the minimum of prices. It is common for anyone who works with stocks to take the maximum and minimum daily of the paper in question and establish Fibonacci with this data. In more constant markets like the Forex, oil, gold and some indexes, we prefer to look at the chart maximum and minimum, regardless of time.

Fibonacci Retracement
Fibonacci Retracement is a part of technical analysis to identify support and resistance levels (reversal levels).

 


Real-Time Major Currency Pairs Forex Quotes
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Finance Attitude - Technical Analysis EURUSD (2018-03-30)
EURUSD price is now following the uptrend (from the Weekly chart). The price is moving up for a long time. It has broken very strong support become resistance level in the long time frame. Now the pair is on retrenchment. If it gets a bullish sign in the retrenchment area, it might go up to the resistance level we have marked. Besides, the Daily chart shows that the price had created a double top and went down. Now it is again going up. Hopefully, the pair will go up to the next resistance level.