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Statistical analysis of daily pivots, support and resistance levels for EURUSD

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eurotrader
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eurotrader 2010.12.08 10:55 
These are the results of our analysis on the probability for the EURUSD daily high/low and closing prices relative to the daily pivots based on the opening price. The results are based on historical data from 01/2003-11/2010. Hopefully this proves useful in your trading. We have used this data as a filter for some of our trading strategies.


In the past 7 years (2003-2010) (1965 days included)...
...daily highs were greater than......r36.26% ...daily lows were less than......r399.95%
...r220.41%...r299.90%
...r143.10%...r199.69%
...pivot87.38%...pivot85.90%
...s199.80%...s145.34%
...s299.95%...s221.48%
...s3100%...s36.56%

In the past 7 years (2003-2010) when the opening price was above the daily pivot (1022 days) the...
...daily high was greater than......r37.63% ...daily low was less than......r399.90%
...r225.54%...r299.80%
...r151.47%...r199.41%
...pivot100%...pivot72.90%
...s1100%...s136.20%
...s2100%...s215.95%
...s3100%...s34.60%

In the past 7 years (2003-2010) when the opening price was below the daily pivot (943 days) the...
...daily high was greater than......r35.47% ...daily low was less than......r3100%
...r217.58%...r2100%
...r139.05%...r1100%
...pivot73.89%...pivot100%
...s199.58%...s150.42%
...s299.89%...s225.16%
...s3100%...s38.11%

In the past 7 years (2003-2010) when the opening price was above the daily pivot (1022 days) the...
...closing price was greater than......r33.15% ...closing price was less than......r396.85%
...r213.99%...r286.01%
...r126.89%...r173.23%
...pivot64.44%...pivot35.62%
...s182.73%...s117.33%
...s293.26%...s26.74%
...s397.82%...s32.18%

In the past 7 years (2003-2010) when the opening price was below the daily pivot (943 days) the...
...closing price was greater than......r32.69% ...closing price was less than......r397.31%
...r29.18%...r290.91%
...r120.78%...r179.22%
...pivot39.24%...pivot60.85%
...s175.70%...s124.40%
...s285.53%...s214.47%
...s395.45%...s34.55%
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