What is pivot point?

Introduction. assalaam.o.alikum dear forex member umeed karta hun k ap theek hun gay or achy tariqy sy apna kaam kar rhy hun gay dear Forex market mein trading karne wale traders aur investors ke liye market ka trend aur price movement ka samajhna bahut ahem hai. Pivot points forex market mein aik popular technical analysis tool hai jo traders ko market ka direction aur possible support aur resistance levels batane mein madad karta hai. Is mein hum forex mein pivot points ke bare mein tafseel se baat karenge. Pivot point in forex market Forex market mein pivot points aik technical analysis tool hai jo traders aur investors istemal karte hain. Pivot points price action, previous day’s high, low, aur close prices par based hote hain. Ye levels market ka direction aur possible support aur resistance points batane mein madad karte hain. Pivot points ko traders intraday trading mein bhi istemal karte hain. How to calculate Pivot Points Pivot points ko calculate karne ke liye, traders ko pehle previous day ka high, low aur close price maloom karna hota hai. Iske baad, neeche diye gaye formulas se pivot points aur support aur resistance levels calculate kiye jate hain. Pivot Point (PP) = (Previous Day’s High + Previous Day’s Low + Previous Day’s Close) / 3 Support 1 (S1) = (2 x PP) - Previous Day’s High Support 2 (S2) = PP - (Previous Day’s High - Previous Day’s Low) Resistance 1 (R1) = (2 x PP) - Previous Day’s Low Resistance 2 (R2) = PP + (Previous Day’s High - Previous Day’s Low) Benefit to use Pivot Points Pivot points ka istemal karne ke kuch fayde hain: 1. Price Levels: Pivot points traders ko market mein relevant price levels provide karte hain, jin par price ka reaction hone ka imkaan hota hai. 2 .Support Aur Resistance Levels: Pivot points traders ko support aur resistance levels batate hain, jin par price reversals ya breakouts ho sakte hain. 3 .Market Direction: Pivot points market ka direction batane mein madad karte hain. Agar price pivot point se oopar hai, toh market bullish ho sakti hai, aur agar price pivot point se neeche hai, toh market bearish ho sakti hai. How to use Pivot Points Pivot points ke istemal ke liye traders ko pehle pivot point aur support aur resistance levels calculate karne hote hain. Phir, traders in levels ko price action, chart patterns, aur other technical indicators ke sath combine karke trading decisions lete hain. Agar price support level se bounce back kar rahi hai, toh traders long positions le sakte hain. Agar price resistance level ko break kar rahi hai, toh traders short positions le sakte hain.