Technical Analysis Tools
Learn to use technical analysis tools like Fibonacci levels and pivot points to identify high-probability trading setups.
What Is Technical Analysis?
Technical analysis studies price charts and patterns to predict future price movements. It's based on the idea that historical price patterns tend to repeat.
Fibonacci Retracements
Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) identify potential support and resistance levels. The 61.8% level (golden ratio) is particularly significant.
Pivot Points
Pivot points calculate daily support and resistance levels based on the previous day's high, low, and close. They're widely used by institutional traders.
Support and Resistance
Support is a price level where buying pressure exceeds selling pressure. Resistance is where selling exceeds buying. These levels are key for entry and exit decisions.
Combining Indicators
Don't rely on a single indicator. Combine Fibonacci with pivot points and trend analysis for higher-probability setups. Confluence of multiple signals increases accuracy.
Related Calculators
Fibonacci Calculator
Free Fibonacci calculator for forex. Calculate retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) and extension levels (127.2%, 161.8%) from any swing high and low.
Pivot Points Calculator
Free pivot point calculator for forex. Calculate daily pivot points with R1, R2, R3 resistance and S1, S2, S3 support levels using the classic pivot formula.
Forex Profit & Loss Calculator
Free forex profit and loss calculator. Enter entry price, exit price, and lot size to see your PnL in both pips and dollars. Supports buy and sell positions.
Risk-Reward Calculator
Free risk-reward ratio calculator for forex. Enter entry, stop loss, and take profit to see your R:R ratio and the minimum win rate needed to be profitable.
ATR Position Size Calculator
Free ATR position size calculator. Calculate volatility-adjusted position sizes using Average True Range. Dynamically sizes your stop loss and lot size based on market conditions.
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