What is the importance of the support and resistance calculator

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doaausef3li
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Joined: Thu Apr 15, 2021 8:31 pm

What is the importance of the support and resistance calculator

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The vast majority of investors in the financial market are keen to use the pivot points produced by the support and resistance calculator in all their trades due to their great importance and the advantages they offer, including:
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The support and resistance calculator is one of the most important and valuable technical analysis tools in Forex trading.

The calculator provides a simplified way to understand financial market trends.

It helps in identifying the direction of financial markets, as when prices are above the pivot point, the market trend is upward. When prices are below the pivot point, the market trend is downward.
The pivot calculator allows traders to easily calculate potential support and resistance levels.
The calculator provides a better chance of successful trading strategies.
The pivot calculator helps identify potential reversal points, potential support and resistance levels.
The calculator includes simple calculation formulas that are easy to understand and use, especially for new users.
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