Hi María here. I am glad you are here starting a new week hope it will be great.

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AUDUSD

The pivot point (PPV) is a support/resistance level. It takes into account the largest price movement that can take place in a particular price. The pivot points are used in many ways, but generally they serve to determine the overall market trend and to identify the levels of entry and exit.

The charts of the weekly and monthly pivots can be used as a plan for trading on Forex as they help to identify the possible points of entry and exit. You can use this tool with other indicators you prefer.

You can copy or save the weekly pivot levels for easy reference. You will be given a notification beforehand concerning the market fluctuations as a rebound of the market or change of a trend.

If you have a trading strategy system, you can use the levels of pivots to define the level for Take profit and Stop Loss orders.

BUY-deals are recommended at (S2) Support level 2; SELL-deals are recommended at (R_2) resistance level 2 and Take profit on the pivot point.

_____WEEKLY_____

Weekly - R3 = 1.1134

Weekly - R2 = 1.0964

Weekly - R1 = 1.0866

Weekly Pivot = 1.0696

Weekly - S1 = 1.0598

Weekly - S2 = 1.0428

Weekly - S3 = 1.0330

_____MONTHLY____

Monthly - R3 = 1.1364

Monthly - R2 = 1.1026

Monthly - R1 = 1.0822

Monthly Pivot = 1.0484

Monthly - S1 = 1.0280

Monthly - S2 = 0.9942

Monthly - S3 = 0.9738 

Have a great day!

María

www.fx-megaforex.com

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