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​
11 Nov 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 08/11 S3 S2 S1 Pivot Point R1 R2 R3
EURUSD 1.10213 1.09681 1.09924 1.10068 1.10311 1.10455 1.10698 1.10842
USDJPY 109.23 108.64567 108.86133 109.04567 109.26133 109.44567 109.66133 109.84567
GBPUSD 1.27714 1.26983 1.27333 1.27524 1.27874 1.28065 1.28415 1.28606
USDCHF 0.99676 0.9912 0.99276 0.99476 0.99632 0.99832 0.99988 1.00188
USDCAD 1.32249 1.31207 1.31464 1.31857 1.32114 1.32507 1.32764 1.33157
PRESCIOUS METALS
Symbol Closing Price 08/11 S3 S2 S1 Pivot Point R1 R2 R3
Silver 16.778 16.17533 16.43267 16.60533 16.86267 17.03533 17.29267 17.46533
Gold 1458.46 1435.35 1445.76 1452.11 1462.52 1468.87 1479.28 1485.63
INDICES
Symbol Closing Price 08/11 S3 S2 S1 Pivot Point R1 R2 R3
Nasdaq100 8252.8 8131.5 8157.8 8205.3 8231.6 8279.1 8305.4 8352.9
S& P500 3092.56 3059.85333 3066.64667 3079.60333 3086.39667 3099.35333 3106.14667 3119.10333
Dow 30 27676.49 27418.82333 27499.15667 27587.82333 27668.15667 27756.82333 27837.15667 27925.82333
DAX 13263.09 13117.59 13157.09 13210.09 13249.59 13302.59 13342.09 13395.09