Invast Blog

10th April 2015 Major Currencies Daily Pivots

Pivot levels are significant price levels calculated based on the high, low and close of the previous period. Not only does it provides price levels to work with, it also gives a range estimate of the trading day.

When the market is trading above the pivot level then it is considered bullish and when the market is trading below the pivot level it is considered bearish. Accompanying the pivot levels are both support and resistance 1 and 2, which we refer to as R1, R2, S1 & S2.

Daily pivot points are commonly used amongst traders to estimate the daily range and also to locate turning points in the market, which are essential for short, medium and long term traders.

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EUR/USD Daily Pivot

Pivot Level
R2 1.0845
R1 1.0752
PIVOT 1.0694
S1 1.0601
S2 1.0544

 

GBP/USD Daily Pivot

Pivot Level
R2 1.4962
R1 1.4837
PIVOT 1.4760
S1 1.4635
S2 1.4558

 

USD/JPY Daily Pivot

Pivot Level
R2 121.26
R1 120.91
PIVOT 120.38
S1 120.04
S2 119.50

 

USD/CHF Daily Pivot

Pivot Level
R2 0.9871
R1 0.9823
PIVOT 0.9740
S1 0.9691
S2 0.9609

 

AUD/USD Daily Pivot

Pivot Level
R2 0.7774
R1 0.7732
PIVOT 0.7696
S1 0.7654
S2 0.7617

NZD/USD Daily Pivot

Pivot Level
R2 0.7646
R1 0.7604
PIVOT 0.7565
S1 0.7523
S2 0.7484

 

Daily pivot points are sourced via the Invast MT4 platform and provided daily.

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