Pivot Point Levels

 

Pivot point is an effective method for defining reversal, resistance and support levels of Forex market. Many traders use pivot points to predict daily market price movements.

 

The Pivot point strategy includes seven technical levels: three resistance levels, three support levels and the actual pivot point level. The three most important pivot points are Resistance1, Support1 and the actual pivot point. This is what the strategy postulates: if the market is trading above the pivot point, then the bias for the day is bullish. If the market opens below the pivot point then the bias for the day is bearish. By the time the market reaches Resistance2, Resistance3 or Support2, Support3, the market will already be overbought or oversold and these levels should be used for exits rather than entries.

There are four methods for computing pivot point levels: Pivot, Woddie, Fibonacci and Camarilla. The Pivot method is a standard one. Woddie, Fibonacci and Camarilla are alternative methods. The service also includes a custom pivot calculator which computes all levers according to the input data.

To learn more about Dukascopy Bank Forex trading platform, SWFX and other trading related information, please contact us: +41 22 799 4888

Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.