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​
25 Mar 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 22/03 S3 S2 S1 Pivot Point R1 R2 R3
EURUSD 1.12997 1.11343 1.12038 1.12517 1.13212 1.13691 1.14386 1.14865
USDJPY 109.898 108.30433 109.02267 109.46033 110.17867 110.61633 111.33467 111.77233
GBPUSD 1.32054 1.29742 1.30277 1.31165 1.317 1.32588 1.33123 1.34011
USDCHF 0.99308 0.98516 0.98832 0.9907 0.99386 0.99624 0.9994 1.00178
USDCAD 1.34276 1.32996 1.33259 1.33767 1.3403 1.34538 1.34801 1.35309
PRESCIOUS METALS
Symbol Closing Price 22/03 S3 S2 S1 Pivot Point R1 R2 R3
Silver 15.386 15.135 15.248 15.317 15.43 15.499 15.612 15.681
Gold 1312.96 1300.07 1303.44 1308.2 1311.57 1316.33 1319.7 1324.46
INDICES
Symbol Closing Price 22/03 S3 S2 S1 Pivot Point R1 R2 R3
Nasdaq100 7328.55 7073.98 7198.21 7263.38 7387.61 7452.78 7577.01 7642.18
S& P500 2801.75 2722.73 2761.25 2781.5 2820.02 2840.27 2878.79 2899.04
Dow 30 25515.55 24849.17 25176.61 25346.08 25673.52 25842.99 26170.43 26339.9
DAX 11320.87 10898.50333 11103.81667 11212.34333 11417.65667 11526.18333 11731.49667 11840.02333