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pivot

Definition

A particular price or level that the market is expected not to cross (similar to resistance and support levels). If the market does cross this level (breakout), it often will experience increased volatility and volume of trading. The pivot level is used in technical analysis of the markets.

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Uses of Pivot Points in Forex TradingTraders and market makers have been using pivot points for years to determine critical support and/or resistance levels. Pivots can be especially popular in the FX market since many currency pairs do ... Read more