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Forex Pivot Point Calculator
Written by Aboutcurrency.com
Formulas Used in this Pivot Calculator:
Pivot = ( High + Close + Low ) / 3
Resistance1 = 2 * Pivot - Low
normal trading range
Support1 = 2 * Pivot - High
for the next period
Resistance2 = Pivot + (Resistance1 - Support1)
extreme trading range
Support2 = Pivot - (Resistance1 - Support1)
Resistance3 = High + 2*(Pivot - Low)
Support3 = Low - 2*(High - Pivot)
Using Pivot Points
When calculating pivot points, the pivot point itself is the primary support/resistance. This means that the largest price movement is expected to occur at this price. The other support(S1-S3) and resistance levels(R1-R3) are less influential, but may still generate significant price movements.
Major currencies pivot points
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