Forex Pivot Points and Technical Analysis 11/17/2014

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

Bullish scenario: Long positions above the daily pivot point 1.2490$ with targets at 1.2575$ next 1.2635$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2490$ with targets at 1.2430$ next 1.2340$ 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

Bullish scenario: Long positions above the daily pivot point 1.5650$ with targets at 1.5715$ next 1.5770$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5650$ with targets at 1.5595$ next 1.5535$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5790, 1.5950, 1.6025, 1.6185, 1.6230

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish Scenario: Short positions below the daily pivot point 0.9615 with targets at 0.9545 next 0.9500 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9615 with targets at 0.9660 next 0.9730 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9615, 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 116.25 with targets at 116.75 next 117.35 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 116.25 with targets at 115.65 next  115.15  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

Bearish scenario: Short positions below the daily pivot point 1.1315 with targets at 1.1235 next 1.1185 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1315 with targets at 1.1365 next 1.1185 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

Bullish scenario: Long positions above the daily pivot point 0.8720 with targets at 0.8790 next 0.8845 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8720 with targets at 0.8665 next 0.8595 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8720, 0.8640, 0.8600, 0.8535, 0.8480

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7890 with targets at 0.7890 next 0.8005 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7890 with targets at 0.7840 next 0.7770 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