Using Pivot Points in FX

There is a new article on Investopedia titled, "Using Pivot Points in FX."  The article shows how to use pivot points in conjunction with the RSI indicator (divergence) and actually introduces some interesting statistics.

Since inception of the EUR/USD, the actual low of the day has been lower than S1 44% of the time.  The actual high of the day has been higher than R1 42% of the time.  For S2/R2, the probability is 17%, and for S3/R3 3% of the time.  Read further for a better understanding.

Using Pivot Points in FX  

Get Daily Pivot Points here

Popularity: 2%