Invast Blog

8th 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 1.1116
R1 1.1042
PIVOT 1.0953
S1 1.0879
S2 1.0789

 

GBP/USD Daily Pivot

Pivot Level
R2 1.5022
R1 1.4965
PIVOT 1.4887
S1 1.4830
S2 1.4752

 

USD/JPY Daily Pivot

Pivot Level
R2 120.33
R1 119.61
PIVOT 119.16
S1 118.44
S2 117.99

 

USD/CHF Daily Pivot

Pivot Level
R2 0.9662
R1 0.9586
PIVOT 0.9532
S1 0.9456
S2 0.9403

 

AUD/USD Daily Pivot

Pivot Level
R2 0.7756
R1 0.7693
PIVOT 0.7632
S1 0.7569
S2 0.7507

NZD/USD Daily Pivot

Pivot Level
R2 0.7706
R1 0.7648
PIVOT 0.7572
S1 0.7514
S2 0.7438

 

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

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