Commodity20.com web based Fibonacci retracement calculator will help you to generate basic Fibonacci retracement values for any given trend. These retracement values can be used as the most natural points of support and resistance for a given trend for any currency pair. On the currency trading market, the use of Fibonacci retracement levels to set orders and targets is one of the best ways to organize trader’s portfolio.
C20’s Fibonacci calculator will help you to generate four basic Fibonacci retracement values — 23.6%, 38.2%, 50% and 61.8%. All you need to do is to fill the current trend’s highest and lowest values into the form below and press the “Calculate” button:
Fibonacci retracement levels are a powerful Forex tool of a technical analysis. The main idea behind these levels is the support and resistance values for a currency pair trend at which the most important breaks or bounces can appear. It is recommended to set your stop-loss, take-profit as well as stop and limit orders at these levels or around their values. This Fibonacci calculator will organize your currency and commodities trading experience and will allow you to be in the market full-time.