Pivot Points – Sample Research by gyvwpsjkko

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									           Pivot Points – Sample Research

                               EUR/USD                                                       Last Updated: 3/2/2010 5:00:14 PM
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         Daily          EUR/USD                   Weekly          EUR/USD                   Monthly          EUR/USD
         High            1.3623                    High             1.3693                    High            1.4027
         Low             1.3436                    Low              1.3450                    Low             1.3442
        Close            1.3614                    Close            1.3627                   Close            1.3627
          R3             1.3867                     R3              1.3973                    R3              1.4541
          R2             1.3745                     R2              1.3833                    R2              1.4284
          R1             1.3680                     R1              1.3730                    R1              1.3956
         Pivot           1.3558                    Pivot            1.3590                   Pivot            1.3699
          S1             1.3493                     S1              1.3487                    S1              1.3371
          S2             1.3371                     S2              1.3347                    S2              1.3114
          S3             1.3306                     S3              1.3244                    S3              1.2786




           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 month. Three different levels of
           support and resistance are calculated above and below the pivot point. The three levels of
           resistance are referred to as R1, R2, and R3 while the three levels of support are referred to as
           S1, S2, and S3. When the current price is trading above the daily pivot point, this serves as an
           indication to initiate long positions. Conversely, when the current price is trading below the daily
           pivot point, this serves as an indication to initiate short positions. The support and resistance
           levels are used primarily as trade exits. For example, if the market price breaks above the pivot
           point, R1 and R2 may be used as trade targets. Should the market move to R3, traders may
           consider exiting the long position and even reversing the position if other technical indicators
           show a strong reversal trend.

           Neither Standard FX Trader nor its affiliates will be held responsible for the reliability or accuracy
           of this data. The service is provided in good faith; however, there are no explicit or implicit
           warranties of accuracy. The user agrees not to hold or any of its affiliates, liable for trading
           decisions that are based on the pivot point calculations from this website.

           Disclaimer: The information and opinions in this report are for general information use only and
           are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All
           opinions and information contained in this report are subject to change without notice. This report
           has been prepared without regard to the specific investment objectives, financial situation and
           needs of any particular recipient. While the information contained herein was obtained from
           sources believed to be reliable, author does not guarantee its accuracy or completeness, nor
           does author assume any liability for any direct, indirect or consequential loss that may result from
           the reliance by any person upon any such information or opinions.

								
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