FX.co ★ USD/CAD Weekly and Monthly Pivot Points, For 12- 16 December, 2011

The pivot point can tell the exact levels of input and output, which allows us to invest with a clear plan and, if we want automated. Always try to have other indicators that assist us. For example, if the market stops at the level of one of our S2 pivot points, and another indicator that we have to make a purchase or sale, it's time to enter the market. Or if for example a Fibonacci level coincides with a pivot point will be a strong indicator that our appreciation of the immediate behavior of the market has been correct.

Therefore, the best strategy is to sell at R2 or R3 and Buy at S2, S3, all with an output target of the Pivot Point, the good thing is that pivot points, combining them with our favorite indicators allow us to develop a technique, which no one else uses.

____WEEKLY_____
Weekly - R3 = 1.0481
Weekly - R2 = 1.0371
Weekly - R1 = 1.0270
Weekly Pivot = 1.0160
Weekly - S1 = 1.0059
Weekly - S2 = 0.9949
Weekly - S3 = 0.9848

____MONTHLY______
Monthly - R3 = 1.1026
Monthly - R2 = 1.0775
Monthly - R1 = 1.0476
Monthly Pivot = 1.0225
Monthly - S1 = 0.9926
Monthly - S2 = 0.9675
Monthly - S3 = 0.9376