Pivot Points are widely used by day traders to quickly determine where forex market sentiment may change between bullish and bearish. Pivot Points are also commonly used to find likely Support and Resistance levels.
- Pivot Points are calculated using the Open, High, Low, and Close prices for the previous period. So, today's Pivot Points use yesterday's Open, High, Low, and Close values.
- The Trading Day begins and ends at 5pm New York Time.
- DailyFX shows Classical, Camarilla, and Woodie's Pivot Points.