Invast Blog

7th 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 1.1081
R1 1.1002
PIVOT 1.0955
S1 1.0876
S2 1.0830

 

GBP/USD Daily Pivot

Pivot Level
R2 1.5020
R1 1.4949
PIVOT 1.4909
S1 1.4838
S2 1.4798

 

USD/JPY Daily Pivot

Pivot Level
R2 120.21
R1 119.87
PIVOT 119.33
S1 118.99
S2 118.45

 

USD/CHF Daily Pivot

Pivot Level
R2 0.9669
R1 0.9626
PIVOT 0.9562
S1 0.9519
S2 0.9456

 

AUD/USD Daily Pivot

Pivot Level
R2 0.7699
R1 0.7644
PIVOT 0.7611
S1 0.7556
S2 0.7523

NZD/USD Daily Pivot

Pivot Level
R2 0.7665
R1 0.7603
PIVOT 0.7560
S1 0.7498
S2 0.7455

 

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

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