The phrase "pivot point" refers to a crucial moment or turning point where things change direction or focus. It is like a central point that influences how something progresses or shifts. Full definition
I understand why people want to use pivot points for weekly and monthly price action. (fxdayjob.com)
One of the key points to understand when trading pivot points in the FX market is that breaks tend to occur around one of the market opens. (investopedia.com)
Most traders use pivot points as possible levels of support or resistance. (fxdayjob.com)