If you listen to the daily market commentary by the analysts, you will hear a lot about the prices approaching the daily, weekly or the monthly support or the resistance levels. How do these analysts calculate these daily, weekly and the monthly support and resistance levels? The answer is very simple! Most of them use… Continue reading Daily, Weekly And Monthly Pivot Points-Why They Are Important?
Tag: pivot point analysis
Pivot Points-A Powerful Trading Tool!
Many traders are not familiar with the pivot point analysis despite the fact that it is one of the most robust, time tested and proven method of market analysis. Pivot Points work in all markets whether it is forex, futures, stocks, commodities or ETFs that have an established range. Range means the high and low… Continue reading Pivot Points-A Powerful Trading Tool!