Forex Pivot Calculator

The Forex Pivot Point Calculator is just one of many trading resources to assist you. This is a technique developed by floor traders and assist us to see where the price is relative to previous market action. Pivot points is a "map' that shows you where the price is relative to previous market action. This calculator will also allow you to access intraday data of Foreign Exchange.

Pivot points work best on highly liquid markets, like the spot currency market, but they can also be used in other markets as well.

Forex Pivot Levels 

By knowing the high, low, opening and closing points from the previous day, they could calculate a point at which the market had ‘turned’ to head upward or downward. Pivot points can help predict where the market is going - and coupled with the resistance and support points, give you an idea how far in that direction the trend will go.

 Custom Forex Pivot Calculator

The most common calculation for arriving at a pivot point is:

Pivot: (High + Close + Low)/3

Resistance: 2 * Pivot - Low

Support: 2 * Pivot - High

USD/EUR Date:02/03/08 14:40 O=0.83174 H=0.83188 L=0.83167 C=0.83188

Given this data for Feb 3, 2008, the pivot points for Feb 4, 2008 would look like this:

Pivot: 0.83180

Resistance: 0.83193

Support: 0.83172

Those numbers give me some points on which to base my trading strategy for the day. If the Forex market opens above the pivot point, it’s a bull market, and most traders would go for long trades, since the direction of the market is up. If it opens below pivot, it’s time go short in your trades.

Using pivot points to inform your strategy in day trading is a complex subject. These basics can help you understand what you’re reading when starting.

For more in-dept information visit Professional trader Peter Bain's Forex Pivot Point Video Course that demonstrates simple yet powerful Pivot Currency trading systems used by professional traders worldwide.