Pivot point

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    Pivot pointsWhat are pivot points in online trading?

    A pivot point is an indicator used by traders when they analyse charts. It shows levels of potential support and resistance. Thus, it helps to determine whether the market sentiment is moving towards an uptrend or a downtrend.

    The pivot point is calculated from the average of an asset’s, high, low and closing prices of a period. The most common pivot points use the previous trading day, week or month as this period.

    Learn how to use pivot points in trading decisions:

    Pivot points

    Pivot points also play a crucial role in our forex beginner strategy:

    Forex trading beginner strategy