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Forex Glossary

The Industry's Most Important Terms Explained

The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!


Camarilla Equation

It is a calculation method that yields 4 resistance and support levels. It is used in pivot point level calculations. It makes use of the High, Low and Close price of the previous day.
R4 = Close + (High – Low) * 1.1 / 2
R3 = Close + (High – Low) * 1.1 / 4
R2 = Close + (High – Low) * 1.1 / 6
R1 = Close + (High – Low) * 1.1 / 12
PP = (High + Low + Close) /3
S1 = Close - (High – Low) * 1.1 / 12
S2= Close - (High – Low) * 1.1 / 6
S3 = Close - (High – Low) * 1.1 / 4
S4 = Close - (High – Low) * 1.1 / 2

Category: Technical Analysis

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