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Forex · indicator signal

Fibonacci bounce up on USD/CAD

On USD/CAD the fibonacci bounce up showed up 57 times. The target came first 37% of the time, the stop 47%, and 16% went nowhere within 12 candles.

Counted on USD/CAD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Hourly5737%47%16%

USD/CAD against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CAD5737%47%16%
All Forex charts97439%54%7%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
20241050%40%
20252241%45%
20262528%52%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on USD/CAD

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross · RSI overbought drop · all of them

The fibonacci bounce up elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the fibonacci bounce up work on USD/CAD?

In 57 cases on USD/CAD, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 47%; 16% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.