The answer is that it depends which does confound the issue. I think GMT is probably standard, but I have seen others use a market open, depending on the pair that they trade, as the start of the day. Maybe others here have a different perspective.

EURUSD

It based on a pretty set formula, although there may be some alternative versions I'm sure. Resistance Level 3 = R3 = R2 + YestHigh - YestLow Resistance Level 2 = R2 = PP + YestHigh - YestLow Resistance Level 1 = R1 = PP * 2 - YestLow PivotPoint = ...

EURUSD

4HR Channel — 4 hour chart is finally showing a nice channel with two parallel lines and an up trend correction within the channel. 1.3667 could come into play on the upper channel trendline, which is also pretty much on the R1 pivot, which ...

EURUSD

Strong Uptrend Line — Area around 3600 is still a long term support area on the weekly chart. Price has congested here several times going back to 2005 and 2007. Dangerous area that could spell either support or resistance. For the short term ...

EURUSD

Fibbin — Acumen, just curious, do you and other currency traders give consideration to the 76.4 Fib (which is around 1.2677 on the weekly and monthly), or is this minor Fib typically not used in forex?

EURUSD

Same here. 3666 remains strong support level. Provides good retracement back to that 3880 area resistance area as well for potential short entry

EURUSD

15M Ascending Triangle — 15M chart for the week provided for a very strong downward sloping trend with several touches during the week. This trend line was finally broken Thursday evening and the pair has moved into a potential consolidating ...

EURUSD

Depends on if you are looking at a linear or semi-log chart. Semi-log chart clearly shows the break on both the weekly and monthly. Agreed that the area around 1.3666 provides a strong area of support that could be tested a few times before the down ...

EURUSD