Pivot Points Calculator USD/NOK
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Inputs
Calculate pivot point
(1.00500 + 0.99500 + 0.99950) ÷ 3
= 0.99983
Calculate R1 (Resistance 1)
(2 × 0.99983) - 0.99500
= 1.00467
Calculate S1 (Support 1)
(2 × 0.99983) - 1.00500
= 0.99467
For USD/NOK pivot points: USD/NOK uses standard 4-decimal pricing where one pip equals 0.0001. This exotic pair has wider spreads (30-45 pips) due to lower trading volume.
Frequently Asked Questions
How do I calculate daily pivot points for USD/NOK?
Pivot points for USD/NOK are calculated using the previous day high, low, and close: Pivot = (H + L + C) / 3. Support and resistance levels are derived from this.
Which pivot point method is best for USD/NOK?
Standard pivots work well for most USD/NOK trading. Fibonacci pivots add Fib ratios, while Camarilla pivots are tighter for scalping USD/NOK.
How reliable are pivot points for USD/NOK?
Pivot points are self-fulfilling on USD/NOK because many traders watch them. As a exotic pair with good liquidity, USD/NOK often reacts to these levels.