Pivot points are short-term, predictive (as opposed to lagging) indicators, which fact explains their popularity: it’s more profitable to learn where the market is heading rather than where it’s been.
Each day’s pivot points are calculated from the previous day’s price action, usually timed from midnight to midnight GMT, or based on the conclusion of the […]

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This forex trading week has been sharp and abrupt, with gains made one day fully retraced the next. On the other hand, data release has been quiet, with a major United States holiday and the build-up to the Australian national elections superseding the usual announcements. Risk aversion and many currencies are at record highs, and […]

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