EUR/PHP - Euro / Peso Filippino Fibonacci Pivot e Supporti e Resistenze

EUR/PHP Fibonacci Pivot Points refer to the price level of significance of the EUR/PHP market in technical analysis. It can be used as a predictive indicator of movements in the EUR/PHP market. Support & Resistance concept refers to the movement of the price of an instrument and represents the point at which the supply and demand meet. Usually there are 3 different levels - S1, S2 and S3 or R1, R2 and R3. 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, Camarilla, Woodies and DeMark's), on this page the Fibonacci way is presented. The way to calculate the Fibonacci Pivot Points is multiplying of the high-low differential added to form resistance levels and subtracted to form support levels.