Economic Calendar And Predictions: Daily Forex Analysis and Predictions for Aug 7, 2009

Pivot Point Calculator

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	Results	Formulas
	Res3	Res3= H + 2*(P-L)
	Res2	Res2= P + (Res1-Sup1)	Extreme Trading Range
Normal Trading Range	Res1	Res1= 2 * P - L
	Pivot Point	P= ( H + C + L ) / 3
	Sup1	Sup1= 2 * P - H
	Sup2	Sup2= P - (Res1-Sup1)
	Sup3	Sup3= L - 2*(H-P)

EUR/USD
It is more likely to go up to around 1.44 or higher, but before it goes up, it might attempt to go down first to around 1.431.
(Current Price: 1.4354)

GBP/USD
It is more likely to go down first to around 1.673 or may be lower, and after that, it might have potentially to go up to around 1.69. We recommend if it reaches 1.6850, then you can place a Buy Order.
(Current Price: 1.6768)

AUD/USD
It is more likely to go up to around 0.8430 or higher. But if it is still go down to around 0.8320, then it will bearish.
(Current Price: 0.8382)

USD/JPY
It is more likely to go down to around 94.70. But if it is still go up to around 96.30 then it will bullish
(Current Price: 95.34)

USD/CHF
It is more likely to go down to around 1.06, but before it goes down, it might attempt to go up first to around 1.0690 or even 1.07.
(Current Price: 1.0643)