Invast Blog

6th – 10th April 2015 Major Currencies Weekly 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.

Weekly pivot points are commonly used amongst traders to estimate the weekly 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 Weekly Pivot

Pivot Level
R2 1.1216
R1 1.1092
PIVOT 1.0902
S1 1.0778
S2 1.0588

 

GBP/USD Weekly Pivot

Pivot Level
R2 1.5069
R1 1.4989
PIVOT 1.4864
S1 1.4783
S2 1.4658

 

USD/JPY Weekly Pivot

Pivot Level
R2 120.97
R1 119.93
PIVOT 119.32
S1 118.28
S2 117.67

 

USD/CHF Weekly Pivot

Pivot Level
R2 0.9858
R1 0.9684
PIVOT 0.9582
S1 0.9407
S2 0.9305

 

AUD/USD Weekly Pivot

Pivot Level
R2 0.7850
R1 0.7740
PIVOT 0.7636
S1 0.7526
S2 0.7423

 

NZD/USD Weekly Pivot

Pivot Level
R2 0.7776
R1 0.7683
PIVOT 0.7537
S1 0.7444
S2 0.7298

 

Weekly pivot points are sourced via the Invast MT4 platform and provided weekly.

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