What is the market trend and when should I enter? This is a question asked by all traders. And FXCM’s Pivot Points app is here to help you find answers.
Pivot Points is a technical analysis indicator that outlines significant support and resistance price levels and can help determine the overall directional movement of the market. The pivot points are calculated using the prior period’s high, low, and close prices.
In a bullish market, the resistance levels (R1-R4) may constitute an upper limit in price where an uptrend is no longer viable and could potentially reverse. Likewise, in a bearish market, support levels (S1-S4) may act as barriers to further downward movement.
Get easy access to a widely used and essential element in technical analysis with Pivot Points.
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This automated strategy is only compatible with FXCM MetaTrader 4 software. Additionally, an FXCM account is required (including free FXCM demo accounts).