Forex Story

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What Is a Pivot Point? A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the   closing price   from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing   bullish   sentiment, while trading below the pivot point indicates bearish sentiment. The pivot point is the basis



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Forex StoryBy Forex Story