Forex Pivot Points and Technical Analysis 11/18/2014

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 1.2490$ with targets at 1.2540$ next 1.2625$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2490$ with targets at 1.2405$ next 1.2355$ 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 1.5665$ with targets at 1.5590$ next 1.5550$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5665$ with targets at 1.5710$ 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

Bullish scenario: Long positions above the daily pivot point 0.9620 with targets at 0.9685 next 0.9720 in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 0.9620 with targets at 0.9580 next 0.9515 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 116.30 with targets at 117.20 next 117.75 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 116.30 with targets at 115.80 next  114.90  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 116.90, 117.05, 117.50

Support: 115.45, 113.80, 112.45, 110.10, 109.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1320 with targets at 1.1240 next 1.1185 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1320 with targets at 1.1370 next 1.1450 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 0.8730 with targets at 0.8670 next 0.8630 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8730 with targets at 0.8770 next 0.8835 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8690, 0.8640, 0.8600, 0.8535, 0.8480

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7935 with targets at 0.7965 next 0.8010 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7935 with targets at 0.7890 next 0.7860 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support:  0.7880, 0.7840, 0.7700, 0.7650, 0.7620, 0.7575

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