Pivot points
Pivot points are support and resistance levels computed from the previous day's high, low and close. Many day traders watch them because many other traders do too.
Rates for pegged currencies are fixed. Edit the rate for others.
Pivot points
Classic daily pivots from yesterday's high, low and close.
R3–
R2–
R1–
Pivot–
S1–
S2–
S3–
How to use it
- Enter yesterday's high, low and close for the pair.
- Read the pivot (PP), resistances R1 to R3 and supports S1 to S3.
- Mark them on your chart and watch how price reacts near them.
Questions, answered plainly.
Which day's data should I use?
The previous trading day, usually the daily candle closing at 00:00 GMT+3 or at your broker's server midnight.
Are pivot points a signal?
No. They are reference levels. A level matters when price reacts to it, not by itself.
Which formula is this?
The classic (floor) formula: PP = (H + L + C) / 3.