Forex Pivot Points and Technical Analysis 11/13/2014

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 1.2430$ with targets at 1.2380$ next 1.2335$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2430$ with targets at 1.2487$ next 1.2545$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2510, 1.2580, 1.2615, 1.2770, 1.2840

Support:  1.2400, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5820$ with targets at 1.5705$ next 1.5640$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5820$ with targets at 1.5885$ next 1.6005$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5950, 1.6025, 1.6185, 1.6230, 1.6415, 1.6535

Support: 1.5755, 1.5815, 1.5750, 1.5570

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9665 with targets at 0.9710 next 0.9745 in extension.

Alternatively, Short positions below the daily pivot point 0.9665 with targets at 0.9625 next 0.9580 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 115.45 with targets at 116.25 next 116.90 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 115.45 with targets at 114.80 next  113.95  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 116.00, 116.35, 117.05, 117.50

Support: 113.80, 112.45, 110.10, 109.45, 108.35

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1320 with targets at 1.1280 next 1.1240 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1320 with targets at 1.1360  next 1.1400 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1545

Support:  1.1295, 1.1255, 1.1180, 1.1120

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8705 with targets at 0.8750 next 0.8790 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8705 with targets at 0.8665 next 0.8625 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8760, 0.8880, 0.8900

Support: 0.8640, 0.8600, 0.8535, 0.8480, 0.8420

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7855 with targets at 0.7910 next 0.7960 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7855 with targets at 0.7805 next 0.7750 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7905, 0.8035, 0.8070, 0.8130, 0.8230

Support:  0.7700, 0.7650, 0.7620, 0.7575

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.