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Summary

There is a widespread misconception when it comes to trading using Pivot Points and for the most part only partial information is taught. We've brought in Analyst Navin Prithyani again to share with us his "Re-engineered Pivot Point" methods with attendees here at FXStreet. The analyst has been featured on various publications online and offline and is known to simplify complex forex trading for everyone to understand. Be sure to register and reserve your seat today.

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Editors’ Picks

EUR/USD: Bears hold the grip, critical challenge at 1.2000

The greenback firmed up at the end of the week, closing it with substantial gains against most major rivals. Renewed coronavirus concerns and poor macroeconomic data spurred risk-off. EUR/USD is firmly bearish.

EUR/USD News

USD/JPY: Consolidating long-term losses

The USD/JPY pair remained lifeless on Friday, ending a third consecutive day little changed around 103.80. Japan has discovered a new covid strain, different from the UK and South African ones. USD/JPY is technically neutral but keeps developing below a long-term descendant trend line.

USD/JPY News

GBP/USD: Further restrictions in the UK may hit the pound

The GBP/USD pair trimmed most of its weekly gains on Friday and settled in the 1.3580 price zone, amid risk-off fueling dollar’s demand. UK GDP contracted by less than anticipated in November, Industrial Production plunged.

GBP/USD News

Gold: Further decline toward $1,800 remains on the cards

Gold failed to stage a convincing rebound this week. After losing more than 2% in the previous week, the XAU/USD pair extended its slide on Monday and touched its lowest level since early December at $1,817. 

Gold news

WTI drops briefly back below $52.00 amid risk off market conditions

The front-month futures contract for the American benchmark for sweet light crude oil, West Texas Intermediary (WTI), has been on the back foot on the final trading day of the week.

Oil News

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