What is a Forex Pivot Calculator?

A Forex Pivot Calculator is a tool used by traders in the foreign exchange market to calculate pivot points. Pivot points are technical indicators that help identify potential support and resistance levels in the market. They are calculated based on the previous day's high, low, and closing prices.

The Forex Pivot Calculator simplifies this calculation process by automatically generating pivot points based on the input of relevant price data. Traders can use these pivot points to make informed decisions about entry and exit points, as well as to determine potential price targets and stop-loss levels.