Forex Pivot Points - Version 1.0 Forex pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual forex traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.Floor traders love pivot points. They act as magnet for price movements.If you observe how price move during any trading session, you'll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily forex pivot points you need High, Low, and Close Price of the previous day. Simply set these three prices in the Forex Pivot Point Calculator and it will give the values.Here are the used formulas for calculating daily pivot points:P = (High + Low + Close) / 3; R1 = 2 * P - Low; R2 = P + (R1 - S1);