Invast Blog

3rd 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 1.1000
R1 1.0939
PIVOT 1.0844
S1 1.0784
S2 1.0689

 

GBP/USD Daily Pivot

Pivot Level
R2 1.4916
R1 1.4871
PIVOT 1.4824
S1 1.4779
S2 1.4731

 

USD/JPY Daily Pivot

Pivot Level
R2 120.12
R1 119.92
PIVOT 119.68
S1 119.48
S2 119.24

 

USD/CHF Daily Pivot

Pivot Level
R2 0.9723
R1 0.9658
PIVOT 0.9609
S1 0.9545
S2 0.9496

 

AUD/USD Daily Pivot

Pivot Level
R2 0.7656
R1 0.7623
PIVOT 0.7578
S1 0.7545
S2 0.7500

NZD/USD Daily Pivot

Pivot Level
R2 0.7575
R1 0.7542
PIVOT 0.7483
S1 0.7450
S2 0.7391

 

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

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