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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