Invast Blog

13th 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 1.0733
R1 1.0668
PIVOT 1.0618
S1 1.0552
S2 1.0502

 

GBP/USD Daily Pivot

Pivot Level
R2 1.4785
R1 1.4708
PIVOT 1.4647
S1 1.4570
S2 1.4509

 

USD/JPY Daily Pivot

Pivot Level
R2 120.85
R1 120.51
PIVOT 120.28
S1 119.94
S2 119.71

 

USD/CHF Daily Pivot

Pivot Level
R2 0.9877
R1 0.9834
PIVOT 0.9792
S1 0.9748
S2 0.9706

 

AUD/USD Daily Pivot

Pivot Level
R2 0.7763
R1 0.7720
PIVOT 0.7679
S1 0.7636
S2 0.7595

NZD/USD Daily Pivot

Pivot Level
R2 0.7631
R1 0.7582
PIVOT 0.7547
S1 0.7498
S2 0.7463

 

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

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