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HOME Live Charts Live Rates Pivot Points Forecast Live News Forex training Brokers Rating Links calendar Contact Us		DAILY pivot pointS

		WEEKLY pivot pointS (25 - 29 july, 2011)
		EUR/USD 1.3424 1.3847 1.4105 1.4271 1.4529 1.4694 1.5118 USD/JPY 76.44 77.54 78.00 78.65 79.10 79.76 80.87 GBP/USD 1.5544 1.5879 1.6089 1.6214 1.6425 1.6549 1.6885 USD/CHF 0.7789 0.7984 0.8082 0.8179 0.8277 0.8374 0.8570
		Pivot Point: Pivot points is a forex forecasting/estimation tool developed by floor traders, it helps traders to compare the price of the previous market action. Pivot Points are widely used by day traders to quickly determine where market sentiment may change between bullish and bearish. Pivot Points are also commonly used to find likely Support and Resistance levels. Pivot Points are calculated using the Open, High, Low, and Close prices for the previous period. So, today's Pivot Points use yesterday's Open, High, Low, and Close values.
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SPACE AVAILABLE FOR YOUR ADS Contact: hrzubair@yahoo.com	CALCULATE PIVOT POINT BY YOURSEL Pivot Point Calculation Formula Resistance 3 = High + 2(Pivot - Low) Resistance 2 = Pivot + (R1 - S1) Resistance 1 = 2 Pivot - Low Pivot Point = ( High + Close + Low )/3 Support 1 = 2 * Pivot - High Support 2 = Pivot - (R1 - S1) Support 3 = Low - 2*(High - Pivot) Note that the R1, S1 and the actual pivot point are most important. The general idea behind trading pivot points are to look for a reversal or break of R1 or S1. By the time the market reaches R2, R3 or S2,S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries.

DISCLAIMER: The data contained in this website is not necessarily real-time nor accurate. All stock prices, indexes, futures and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

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