Fibonacci Calculator in forex | Calculate pivot point for trading.
Fibonacci calculator in forex will help you to generate fundamental Fibonacci retracement values for any given trend.
These values are the most critical pivot point levels of support and resistance for a given trend for any currency pair to trade.
Furthermore, with forex currency trading with the help of Fibonacci retracement levels, you will be able to set orders and targets for sale as well as buy.
How to calculate the Fibo values with Fibonacci calculator in forex
You can calculate the Fibonacci retracement levels below the Fibonacci calculator.
Please enter the starting point (b) as a high value for the closing candle of a day or any candle for a chart to uptrend direction.
After putting such value of high then set the value point (a) of the moves in low of the candle.
Then insert the custom (c) that is the close value of the candle then press the calculate button.
Now you can do such exercising to put the values for the downtrend.
So please go to enter the starting point (a) as high value for the closing candle of a day or any candle for a chart to uptrend direction.
Then put the value point (b) of the moves in low of the candle insert the custom (c) that is the close value of the candle then press the calculate button.
The uptrend and Downtrend Values for day close.
High(b) = 1.2648.
Low(a) = 1.2550.
Custom(c) = 1.2586.
These above values for the daily chart taken from the previous day close then I have taken values for Fibonacci Calculator.
And you can take any closing candle for any timeframe.
For example hourly candles, four hourly candles, the daily candle, and so on.