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​
23 Jul 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 22/07 S3 S2 S1 Pivot Point R1 R2 R3
EURUSD 1.1204 1.11749 1.11893 1.11966 1.1211 1.12183 1.12327 1.124
USDJPY 107.902 107.36267 107.53733 107.71967 107.89433 108.07667 108.25133 108.43367
GBPUSD 1.24719 1.23893 1.24224 1.24471 1.24802 1.25049 1.2538 1.25627
USDCHF 0.98276 0.97706 0.97873 0.98074 0.98241 0.98442 0.98609 0.9881
USDCAD 1.31295 1.29809 1.30106 1.30701 1.30998 1.31593 1.3189 1.32485
PRESCIOUS METALS
Symbol Closing Price 22/07 S3 S2 S1 Pivot Point R1 R2 R3
Silver 16.33 15.933 16.05 16.19 16.307 16.447 16.564 16.704
Gold 1423.65 1412.72667 1417.44333 1420.54667 1425.26333 1428.36667 1433.08333 1436.18667
INDICES
Symbol Closing Price 22/07 S3 S2 S1 Pivot Point R1 R2 R3
Nasdaq100 7915.7 7746.93333 7783.76667 7849.73333 7886.56667 7952.53333 7989.36667 8055.33333
S& P500 2988.62 2958.71 2966.3 2977.46 2985.05 2996.21 3003.8 3014.96
Dow 30 27207.58 26995.51667 27051.45333 27129.51667 27185.45333 27263.51667 27319.45333 27397.51667
DAX 12300.96 12117.46 12171.96 12236.46 12290.96 12355.46 12409.96 12474.46