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​
18 Sep 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 17/09 S3 S2 S1 Pivot Point R1 R2 R3
EURUSD 1.10739 1.09322 1.09612 1.10176 1.10466 1.1103 1.1132 1.11884
USDJPY 108.098 107.61 107.816 107.957 108.163 108.304 108.51 108.651
GBPUSD 1.2501 1.22854 1.23388 1.24199 1.24733 1.25544 1.26078 1.26889
USDCHF 0.99272 0.98487 0.98809 0.99041 0.99363 0.99595 0.99917 1.00149
USDCAD 1.32422 1.31508 1.31921 1.32171 1.32584 1.32834 1.33247 1.33497
PRESCIOUS METALS
Symbol Closing Price 17/09 S3 S2 S1 Pivot Point R1 R2 R3
Silver 17.999 17.46267 17.60433 17.80167 17.94333 18.14067 18.28233 18.47967
Gold 1500.77 1480.00667 1486.68333 1493.72667 1500.40333 1507.44667 1514.12333 1521.16667
INDICES
Symbol Closing Price 17/09 S3 S2 S1 Pivot Point R1 R2 R3
Nasdaq100 7890.8 7777.23333 7802.26667 7846.53333 7871.56667 7915.83333 7940.86667 7985.13333
S& P500 3005.17 2979.43667 2985.18333 2995.17667 3000.92333 3010.91667 3016.66333 3026.65667
Dow 30 27114.14 26858.52333 26919.48667 27016.81333 27077.77667 27175.10333 27236.06667 27333.39333
DAX 12388.21 12217.04333 12259.87667 12324.04333 12366.87667 12431.04333 12473.87667 12538.04333