
What is Fibonacci in Forex?
Fibonacci is one of the most widely used tools in technical analysis for Forex trading. It helps traders identify key entry and exit points, as well as support and resistance levels. According to statistics, more than 70% of professional traders use Fibonacci tools to accurately predict price movements. The tool is named after the Italian mathematician Leonardo Fibonacci, who introduced a famous sequence in the 13th century, which forms the foundation of Fibonacci tools in technical analysis today.























