Pivot Points

15 Feb at 12:36

Pivot points are calculated daily on the basis of the rate of the previous day. These levels are used by many analysts.

Pivot Points

As shown in the graph above, there are five major levels. Two supports that maintain the rate low, two resistances which maintain the rate high, and the pivot point which is the intermediate level. The break of the latter is an indicator of the daily trend.

These points can be used to set a stop loss or take profit.

You must be logged in to post comments.