Pivot Points



*** The Pivot Points table above shows reversal, resistance and support levels that helps trader to determine the overall market trend. There are four major indicators: Pivot, Woddie, Fibonacci and Camarilla. It’s possible to calculate Forex Pivot Point levels based on custom input data as well. The table above has 7 technical levels: 3 “Resistance”, 3 “Support” and “Pivot Point”. The most important levels are Resistance 1, Support 1 and actual Pivot Point. For instance: if market opens above the Pivot Point, then the sentiment of the market is “bullish”, but if market opens below the Pivot Point the sentiment is “bearish”.






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Finance Attitude - Resilient Euro Despite the Deceiving Economic News<span style="font-size: 10px">(Credit: pixabay/stux)</span>
Sept. 06, 2017 /Yassine Maaroufi/ -- The EURUSD fell 1.42% from last week’s high of 1.2070 after weak economic data relative to the major European economies. However, the pair stayed on the same course and did not break the previous uptrend. The EURUSD has been gaining steam since the beginning of the year, switching gears in mid-April and mid-June to rise even higher.  
Finance Attitude  - The Euro Gains Traction Following The Jackson Hole Symposium <span style="font-size: 10px">(Credit: pixabay/stux)</span>
August 29, 2017 /Yassine Maaroufi/ -- The EURUSD has extended on the upside 2.09% to 1.2026 after bursting out of a small correction. The EUR has been rallying since the beginning of 2017 with additional strength in April and August. The first part of the rally sent the Euro up 1.47% from 1.0449 to 1.0602 and the second part 5.33% from 1.0602 to 1.1168. The third and probably last wave has started from 1.1168 and should send it even higher.
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