Forex Pivot Points & Technical Analysis 23.04.2015

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 1.0745$ with targets at 1.0780$ next 1.0840$ in extension.

Alternatively, Short positions below the daily pivot point 1.0745$ with targets at 1.0690$ next 1.0650$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.0850, 1.1050, 1.1115, 1.1270, 1.1445

Support: 1.0520, 1.0500, 1.0460, 1.0385, 1.0320, 1.0280

GBPUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.5010$ with targets at 1.5105$ next 1.5180$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5010$ with targets at 1.4940$ next 1.4840$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5080, 1.5195, 1.5315, 1.5480

Support: 1.4855, 1.4740, 1.4570, 1.4415

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.9635 with targets at 0.9775 next 0.9855 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9635 with targets at 0.9560 next 0.9420 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9755, 0.9865, 1.0130, 1.0240, 1.0300

Support:  0.9475, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 119.75 with targets at 120.20 next 120.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.75 with targets at 119.50 next 119.10 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 120.10, 120.85, 122.05, 122.50, 123.00

Support: 119.40, 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2245 with targets at 1.2285 next 1.2330 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2245 with targets at 1.2205 next 1.2160 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2305, 1.2350, 1.2440, 1.2670, 1.2785

Support: 1.2200, 1.2085, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7750 with targets at 0.7805 next 0.7860 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7750 with targets at 0.7695 next 0.7640 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7785, 0.7845, 0.7940, 0.8035

Support: 0.7680, 0.7650, 0.7530, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7670 with targets at 0.7705 next 0.7770 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7670 with targets at 0.7605 next 0.7570 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance:  0.7630, 0.7740, 0.7795

Support: 0.7550, 0.7420, 0.7390