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Market Brief: NZD Given Another Boost By RBNZ
Matt Simpson, Kelvin Wong December 6, 2019 12:05 AM
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
Daily
| HIGH | |
|---|---|
| LOW | |
| Close |
| R3 | |
|---|---|
| R2 | |
| R1 |
| S1 | |
|---|---|
| S2 | |
| S3 |
Weekly
| HIGH | |
|---|---|
| LOW | |
| Close |
| R3 | |
|---|---|
| R2 | |
| R1 |
| S1 | |
|---|---|
| S2 | |
| S3 |
Monthly
| HIGH | |
|---|---|
| LOW | |
| Close |
| R3 | |
|---|---|
| R2 | |
| R1 |
| S1 | |
|---|---|
| S2 | |
| S3 |
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