Forex Market Commentary 11/28/2014

FX – EURO

THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bullish hinting that a low might be in or is near. Closes above last Wednesday's high crossing are needed to confirm that a low has been posted. If it renews this summer's decline, monthly support crossing is the next downside target.

FX – YEN

THE YEN closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted. If it resumes this fall's rally, weekly resistance crossing is the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews the decline off November's high, the reaction low crossing is the next downside target. If it renews the rally off July's low, monthly resistance crossing is the next upside target.

FX – STERLING

STERLING closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target.

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Markets Commentary 11/27/2014 ‏

FX – EURO

THE EURO closed higher due to short covering on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI have turned neutral to bullish hinting that a low might be in or is near. Closes above last Wednesday's high crossing are needed to confirm that a low has been posted. If it renews this summer's decline, monthly support crossing is the next downside target.

FX – YEN

THE YEN closed lower due to short covering on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted. If it resumes this fall's rally, weekly resistance crossing is the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed lower due to short covering on Wednesday as it consolidates some of last Friday's rally. The lowrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews the decline off November's high, the reaction low crossing is the next downside target. If it renews the rally off July's low, monthly resistance crossing is the next upside target.

FX – STERLING

STERLING closed higher on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target.

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Forex Pivot Points and Technical Analysis 11/27/2014

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Forex Pivot Points:

Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2495$ with targets at 1.2545$ next 1.2580$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2495$ with targets at 1.2455$ next 1.2405$ in extension.

 
EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2535, 1.2605, 1.2770, 1.2890

Support:    1.2395, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5755$ with targets at 1.5835$ next 1.5885$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5755$ with targets at 1.5710$ next 1.5630$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5800, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5625, 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9625 with targets at 0.9585 next 0.9555 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9625 with targets at 0.9655 next 0.9695 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 117.90 with targets at 117.25 next  116.90  in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.90 with targets at 118.30 next 118.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 117.25, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1255 with targets at 1.1185 next 1.1120 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1255 with targets at 1.1325 next 1.1395 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1295, 1.1370, 1.1470, 1.1500, 1.1545

Support:  1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8525 with targets at 0.8485 next 0.8440 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8525 with targets at 0.8570 next 0.8610 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8723, 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7855 with targets at 0.7910 next 0.7945 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7855 with targets at 0.7820 next 0.7765 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7950, 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

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Daily Market Commentary ‏11/26/2014

FX – EURO

 

THE EURO closed higher due to short covering on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews this summer's decline, monthly support crossing is the next downside target. Closes above last Wednesday's high crossing are needed to confirm that a low has been posted.

FX – YEN

THE YEN closed lower due to short covering on Tuesday. The midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted. If it resumes this fall's rally, weekly resistance crossing is the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed lower due to short covering on Tuesday as it consolidates some of last Friday's rally. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July's low, monthly resistance crossing is the next upside target. If it renews the decline off November's high, the reaction low crossing is the next downside target.

FX – STERLING

STERLING closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target.

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Forex Pivot Points and Technical Analysis 11/26/2014

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Forex Pivot Points:

Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

 EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2455$ with targets at 1.2510$ next 1.2540$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2455$ with targets at 1.2425$ next 1.2370$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2510, 1.2580, 1.2615, 1.2770, 1.2840

Support:   1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5700$ with targets at 1.5755$ next 1.5790$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5700$ with targets at 1.5665$ next 1.5610$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9655 with targets at 0.9615 next 0.9590 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9655 with targets at 0.9675 next 0.9720 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 117.95 with targets at 117.40 next  116.95  in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.95 with targets at 118.40 next 119.00 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 117.35, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1255 with targets at 1.1185 next 1.1120 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1255 with targets at 1.1320 next 1.1390 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1295, 1.1370, 1.1470, 1.1500, 1.1545

Support:  1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8565 with targets at 0.8510 next 0.8460 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8510 with targets at 0.8610 next 0.8670 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8723, 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8510, 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7820 with targets at 0.7875 next 0.7920 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7820 with targets at 0.7775 next 0.7720 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7950, 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

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Market Commentary 11/25/2014

FX - EURO

THE EURO closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews this summer's decline, monthly support crossing is the next downside target. Closes above last Wednesday's high crossing are needed to confirm that a low has been posted.

FX - YEN

THE YEN closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July's low, monthly resistance crossing is the next upside target. If it renews the decline off November's high, the reaction low crossing is the next downside target.

FX - STERLING

STERLING closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing would confirm that a low has been posted. If it extends the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target.

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Forex Pivot Points and Technical Analysis 11/25/2014

Forex Pivot Points: 

Pivot points are very useful tools for FX professional traders that use the previous bars' highs, lows and closings to project potential support and resistance levels for future bars.

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2415$ with targets at 1.23950$ next 1.2345$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2415$ with targets at 1.2460$ next 1.2490$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2510, 1.2580, 1.2615, 1.2770, 1.2840

Support:   1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5680$ with targets at 1.5730$ next 1.5770$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5680$ with targets at 1.5645$ next 1.5590$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9685 with targets at 0.9650 next 0.9625 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9685 with targets at 0.9710 next 0.9745 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.20 with targets at 118.85 next 119.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.20 with targets at 117.80 next  117.20  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 117.35, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1270 with targets at 1.1345 next 1.1405 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1270 with targets at 1.1210 next 1.1130 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1295, 1.1370, 1.1470, 1.1500, 1.1545

Support:  1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8630 with targets at 0.8560 next 0.8520 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8630 with targets at 0.8670 next 0.8740 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8723, 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8565, 0.8535, 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7870 with targets at 0.7830 next 0.7805 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7870 with targets at 0.7895 next 0.7940 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7950, 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7805, 0.7700, 0.7650, 0.7620, 0.7575

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Market Commentary 11/24/2014

FX - EURO

THE EURO closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews this summer's decline, monthly support crossing is the next downside target. Closes above Wednesday's high crossing are needed to confirm that a low has been posted.

FX - YEN

THE YEN closed lower due to short covering on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.

FX - SWISS FRANC

 THE SWISS FRANC closed higher on Friday. The midrange close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off July's low, monthly resistance crossing is the next upside target. If it extends this month's decline, the reaction low crossing is the next downside target.

FX - STERLING

STERLING closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.

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Forex Pivot Points and Technical Analysis 11/24/2014

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2445$ with targets at 1.2320$ next 1.2250$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2445$ with targets at 1.2515$ next 1.2640$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2510, 1.2580, 1.2615, 1.2770, 1.2840

Support:   1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5655$ with targets at 1.5595$ next 1.5565$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5655$ with targets at 1.5685$ next 1.5745$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9655 with targets at 0.9740 next 0.9800 in extension.

Alternatively, Short positions below the daily pivot point 0.9655 with targets at 0.9595 next 0.9505 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9700, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 117.80 with targets at 118.20 next 118.70 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 117.80 with targets at 117.30 next  116.85  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 116.80, 115.45, 113.80, 112.45, 110.10

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1250 with targets at 1.1170 next 1.1110 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1250 with targets at 1.1310  next 1.1385 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1295, 1.1370, 1.1470, 1.1500, 1.1545

Support:  1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8660 with targets at 0.8720 next 0.8780 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8660 with targets at 0.8605 next 0.8545 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8565, 0.8535, 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7890 with targets at 0.7835 next 0.7790 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7890 with targets at 0.7935 next 0.7990 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support:  0.7880, 0.7800, 0.7700, 0.7650, 0.7620, 0.7575

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Markets Commentary 11/21/2014

FX - EURO

THE EURO closed higher on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it renews this summer's decline, monthly support crossing is the next downside target.

FX - YEN

THE YEN closed higher on Thursday as it extends this fall's rally. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this fall's rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.

FX - SWISS FRANC

THE SWISS FRANC closed higher on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline, the reaction low crossing is the next downside target. If it renews the rally off July's low, monthly resistance crossing is the next upside target.

FX - STERLING

STERLING closed higher on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, the 75% retracement level of the 20132014rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a low has been posted.

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Forex Pivot Points and Technical Analysis 11/21/2014

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2540$ with targets at 1.2575$ next 1.2615$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2540$ with targets at 1.2505$ next 1.2470$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2605, 1.2615, 1.2770, 1.2840, 1.2890

Support:  1.2505, 1.2400, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5685$ with targets at 1.5740$ next 1.5790$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5685$ with targets at 1.5640$ next 1.5580$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9580 with targets at 0.9610 next 0.9635 in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 0.9580 with targets at 0.9555 next 0.9525 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9615, 0.9700, 0.9750, 0.9790, 0.9840

Support:  0.9525, 0.9470, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 118.35 with targets at 117.70 next  117.10  in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 118.35 with targets at 118.90  next 119.55 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 116.80, 115.45, 113.80, 112.45, 110.10

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1325 with targets at 1.1280 next 1.1250 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1325 with targets at 1.1355 next 1.1400 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1370, 1.1405, 1.1470, 1.1500, 1.1545

Support: 1.1255, 1.1180, 1.1120

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8610 with targets at 0.8655 next 0.8685 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8610 with targets at 0.8580 next 0.8535 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8535, 0.8480, 0.8315

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7850 with targets at 0.7890 next 0.7925 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7850 with targets at 0.7815 next 0.7775 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7800, 0.7700, 0.7650, 0.7620, 0.7575

Forex Pivot Points and Technical Analysis 11/19/2014

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2520$ with targets at 1.2590$ next 1.2655$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2520$ with targets at 1.2460$ next 1.2385$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2580, 1.2615, 1.2770, 1.2840, 1.2890

Support:  1.2510, 1.2400, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5660$ with targets at 1.5585$ next 1.5545$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5660$ with targets at 1.5705$ next 1.5780$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish Scenario: Short positions below the daily pivot point 0.9595 with targets at 0.9540 next 0.9495 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9595 with targets at 0.9640 next 0.9700 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9700, 0.9750, 0.9790, 0.9840

Support:  0.9550, 0.9470, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 116.75 with targets at 117.20  next 117.50 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 116.75 with targets at 116.45 next  116.05  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 117.50 , 118.00, 118.35, 119.00

Support: 115.45, 113.80, 112.45, 110.10, 109.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1325 with targets at 1.1255 next 1.1195 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1325 with targets at 1.1390 next 1.1455 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1405, 1.1470, 1.1500, 1.1545

Support:  1.1255, 1.1180, 1.1120

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8710 with targets at 0.8680 next 0.8650 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8710 with targets at 0.8745 next 0.8775 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8640, 0.8600, 0.8535, 0.8480

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7925 with targets at 0.7880 next 0.7850 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7925 with targets at 0.7955 next 0.8005 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7840, 0.7700, 0.7650, 0.7620, 0.7575

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