Pivot Points

A pivot point is an indicator that consists of a price level which is calculated as an average of the high, low and closing prices of the previous day.It is used to identify possible Support & Resistance levels and the overall trend of the market, from “bullish” to “bearish” or the other way around, over different time frames.

USE OF PIVOT POINTS

Pivot Points are mainly used in two ways.

The first way that Pivot points are normally used is as intra-day indicators which can be employed alongside other indicators for a more precise prediction. Many traders use pivot point levels for entry or exit points. For example, a common way to use pivot points is to enter the market with a long position when the price is close to S1, setting your stop loss below S2 and your take profit at Pivot Point or R1 and vice versa.

The second way that pivot points can be useful for traders is that they can help traders determine the market trend for that day, so if the price was broken during the day in an upward or downward movement then the market trend is considered to be bullish or bearish respectively.

DAILY PIVOT POINTS​
16 Jan 2019
Pivot Point levels are calculated based on the pricing data of the previous day (T-1):Open, Low, High, and Close.
FOREX
Symbol Closing Price 15/01 S3 S2 S1 Pivot Point R1 R2 R3
EURUSD 1.15081 1.13865 1.14355 1.14718 1.15208 1.15571 1.16061 1.16424
USDJPY 108.282 107.115 107.442 107.862 108.189 108.609 108.936 109.356
GBPUSD 1.27526 1.26464 1.2687 1.27198 1.27604 1.27932 1.28338 1.28666
USDCHF 0.98391 0.96213 0.96686 0.97539 0.98012 0.98865 0.99338 1.00191
USDCAD 1.32387 1.31603 1.31841 1.32114 1.32352 1.32625 1.32863 1.33136
PRESCIOUS METALS
Symbol Closing Price 15/01 S3 S2 S1 Pivot Point R1 R2 R3
Silver 15.58 15.26267 15.40733 15.49367 15.63833 15.72467 15.86933 15.95567
Gold 1287.99 1272.83 1279.49 1283.74 1290.4 1294.65 1301.31 1305.56
INDICES
Symbol Closing Price 15/01 S3 S2 S1 Pivot Point R1 R2 R3
Nasdaq100 6603.39 6424.44667 6469.68333 6536.53667 6581.77333 6648.62667 6693.86333 6760.71667
S& P500 2590.15 2529.13 2544.33 2567.24 2582.44 2605.35 2620.55 2643.46
Dow 30 23955.85 23384.53667 23523.64333 23739.74667 23878.85333 24094.95667 24234.06333 24450.16667
DAX 10970.2 10661.20667 10723.83333 10847.01667 10909.64333 11032.82667 11095.45333 11218.63667