Forex Pivot Points & Technical Analysis 14.04.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

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.

EURUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.0570$ with targets at 1.0620$ next 1.0670$ in extension.

Alternatively, Short positions below the daily pivot point 1.0570$ with targets at 1.0520$ next 1.0470$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.0720, 1.1050, 1.1115, 1.1270, 1.1445

Support: 1.0500, 1.0460, 1.0385, 1.0320, 1.0280

GBPUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.4635$ with targets at 1.4595$ next 1.4520$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4635$ with targets at 1.4595$ next 1.4520$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.4740, 1.5010, 1.5195, 1.5315, 1.5480, 1.5555, 1.5620

Support: 1. 1.4570, 1.4415

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.9795 with targets at 0.9840 next 0.9910 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9795 with targets at 0.9730 next 0.9685 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9865, 1.0130, 1.0240, 1.0300

Support: 0.9740, 0.9475, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 120.20 with targets at 120.70 next 121.35 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.20 with targets at 119.55 next 119.05 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 120.85, 122.05, 122.50, 123.00

Support: 119.30, 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2605 with targets at 1.2660 next 1.2720 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2605 with targets at 1.2540 next 1.2485 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2670, 1.2785, 1.2835, 1.2920

Support: 1.2405, 1.2385, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7605 with targets at 0.7655 next 0.7720 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7605 with targets at 0.7535 next 0.7485 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7740, 0.7845, 0.7940, 0.8035

Support: 0.7530, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7470 with targets at 0.7525 next 0.7590 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7470 with targets at 0.7410 next 0.7355 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7480, 0.7630, 0.7695, 0.7700, 0.7795

Support: 0.7390, 0.7310, 0.7175, 0.7120