EUR/ZAR - Euro / Südafrikanischer Rand Camarilla-Pivot-Punkte und Unterstützung & Widerstand

EUR/ZAR Camarilla Pivot Points refer to the price level of significance of the EUR/ZAR market in technical analysis. It can be used as a predictive indicator of movements in the EUR/ZAR market. Camarilla equation was discovered by Nick Stott in 1989, it determines price levels similar to the pivot points. It assumes that the market has the tendency to revert to a point of balance that might be called medium, pivot, and so on. Based on this idea and using the formula of the equation is possible to calculate 8 levels of prices in which is likely to produce changes in the market trend. Support & Resistance concept refers to the movement of the price of an instrument and represents the point at which the supply and demand meet.  Support is the price level at which demand is thought to be strong enough to prevent the price from declining further and Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. There are various kinds of Pivot Points calculations (Classic, Fibonacci, Woodies and DeMark's), on this page the Camarilla way is presented.