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Latest Research

European Open: Vol Subsides Ahead of BOE, Rising Wedge on FTSE

Matt Simpson August 5, 2021 5:54 AM

Volatility is on the low side as we approach today’s BOE (Bank of England) meeting, and we don’t expect that to last. Meanwhile the FTSE is forming a potential bearish reversal.

TAGS: , , , FTSE 100, , ,

[Video] WTI Closes Below $70, Silver Fails to Break Key Resistance

August 5, 2021 2:46 AM

TAGS: , , , NZD, Silver, , Video,

Asian Open: Strong ISM Services, Although ADP Raises a Red Flag

August 4, 2021 11:38 PM

TAGS: , Equities, , , , ISM, PMI, ,

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask
HIGH
LOW
Close
R3
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R1
S1
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S3
HIGH
LOW
Close
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R1
S1
S2
S3
HIGH
LOW
Close
R3
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R1
S1
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Understanding Pivot Points

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...Read More
Learn more about Technical Analysis