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Support/Resistance

Determine Market Trends Using Support and Resistance Price Levels


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Forex
Period: Symbol:
High Low Avg Open Avg Close
0 0 0 0
Pivot point Pivot point (volatile)
0 0

Support
Level 1 Level 2
0 0
Resistance
Level 1 Level 2
0 0
Chart Chart


Determining market trends using Support and Resistance price levels.

One of the most popular methods in technical analysis used by both institutional and retail traders is determining the resistance and support levels using the so-called Pivot Point, which in turn is the starting point when defining market sentiment as bullish or bearish.

Resistance and support levels are distinguished for their ability to limit the appreciation/depreciation of a certain asset. The most-commonly used technical tools for determining resistance/support levels include: prior tops/bottoms, trend lines and trend channels, Moving Averages and Fibonacci Retracements.

The Pivot Point is a technical indicator calculated as the average value of the high, low and closing prices of a certain asset for the preceding time interval. Pivot points serve as resistance or support levels depending on whether the current price is below or over the pivot point.



Deltastock shall not be rendered responsible for inappropriate calculation of resistance/support levels due to technical errors. The data presented in the above tables is allocated purely for informational purposes and does not represent advice or recommendation for trades.