Economic Calendar And Predictions: Daily Forex Analysis and Predictions for Aug 12, 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 down for a little bit to around 1.4120, and after that, it might have potentially to go up to around 1.42. We prefer to entry Buy.
(Current Price: 1.4140)

GBP/USD
It is more likely to go down for a little bit to around 1.6440, and after that, it might have potentially to go up to around 1.65. We prefer to entry Buy.
(Current Price: 1.6474)

AUD/USD
It is more likely to go up to around 0.8350.
(Current Price: 0.8241)

USD/JPY
It is complicated, better we use a breakout strategy, buy when it reaches 96, and sell when it reaches 95.
(Current Price: 95.51)

USD/CHF
It is more likely to go up to around 1.0860 or higher, and after that, it might have potentially to go down to around 1.08 or lower.
(Current Price: 1.0826)