Forex Pivot Points and Technical Analysis 11/14/2014

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 1.2455$ with targets at 1.2515$ next 1.2560$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2455$ with targets at 1.2410$ next 1.2350$ 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 1.5725$ with targets at 1.5665$ next 1.5635$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5725$ with targets at 1.5755$ next 1.5815$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5790, 1.5950, 1.6025, 1.6185, 1.6230

Support: 1.5650, 1.5570

USDCHF - Day Trading Strategies

Short positions: below the daily pivot point 0.9650 with targets at 0.9605 next 0.9570 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9650 with targets at 0.9685 next 0.9735 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 115.50 with targets at 116.40 next 117.00 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 115.50 with targets at 114.90 next  114.05  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 116.35, 117.05, 117.50

Support: 113.80, 112.45, 110.10, 109.45, 108.35

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1355 with targets at 1.1415  next 1.1450 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1355 with targets at 1.1325 next 1.1265 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1405, 1.1470, 1.1500, 1.1545

Support:  1.1280, 1.1255, 1.1180, 1.1120

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8715 with targets at 0.8665 next 0.8620 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8715 with targets at 0.8755 next 0.8805 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

Bearish scenario: Short positions below the daily pivot point 0.7880 with targets at 0.7830 next 0.7790 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7880 with targets at 0.7915 next 0.7970 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7930, 0.8035, 0.8070, 0.8130, 0.8230

Support:  0.7840, 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.

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