July 14, 2020
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Pivot points are technical analysis indicators that represent an average of the high, low and closing prices from the prior trading day, and can be used to find likely support and resistance

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Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can be an effective trading tool. Pivot points are calculated using the high, low and close prices of a previous day, week or

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2019/05/16 · Calculate pivot points in forex trading with derivative formulas for greater returns such as with r1 r2 r3 s1 s2 s3.

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On Thursday, the XAU/USD exchange rate declined below the Fibo 23.60% at 1,497.76. During today’s morning, the rate was testing the support level—the monthly S2 at 1,466.10.

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Interesting facts. EUR/USD is one of the most traded currency pairs in the world. It represents the value of the US dollar per one euro. The euro is a relativity new currency when compared with the other majors, it was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Eurosystem (comprised of the central banks of the eurozone).

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Using Pivot Points in Forex Trading - Investopedia

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