Some Fibonacci traders would have you believe that Fibonacci numbers and levels can foretell the future price action of an asset, almost as if there was a mysterious parallel universe with numbers in which markets gravitate around.

Part of our multimedia library, learn in this video what is Fibonacci in Forex and how to use this popular indicator on your trading strategy.

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If you would like to know more about the Fibonacci Retracements Technique, the practical advantages of using Fibonacci levels as a supplementary support and resistance levels strategy, please read our complete article What are Fibonacci Retracements in Forex.

Cashback Forex Fibonacci Calculator

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Use our handy Fibonacci calculator to accurately plot the Fibonacci retracement levels of any Forex currency pair or other financial instruments.