Forex Pivot Points & Technical Analysis 27.04.2015

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 1.0850$ with targets at 1.0920$ next 1.0970$ in extension.

Alternatively, Short positions below the daily pivot point 1.0850$ with targets at 1.0805$ next 1.0735$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.1050, 1.1115, 1.1270, 1.1445

Support: 1.0660,1.0520, 1.0500, 1.0460, 1.0385, 1.0320

GBPUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.5135$ with targets at 1.5240$ next 1.5295$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5135$ with targets at 1.5080$ next 1.4970$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5195, 1.5315, 1.5480

Support: 1.5055, 1.4855, 1.4740, 1.4570, 1.4415

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.9535 with targets at 0.9565 next 0.9600 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9535 with targets at 0.9495 next 0.9470 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9720, 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 119.05 with targets at 119.40 next 119.95 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.05 with targets at 118.50 next 118.20 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 120.10, 120.85, 122.05, 122.50, 123.00

Support: 118.50, 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2150 with targets at 1.2205 next 1.2240 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2150 with targets at 1.2115 next 1.2065 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2305, 1.2350, 1.2440, 1.2670, 1.2785

Support: 1.2085, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7805 with targets at 0.7845 next 0.7880 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7805 with targets at 0.7770 next 0.7725 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 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 0.7585 with targets at 0.7640 next 0.7690 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7585 with targets at 0.7530 next 0.7480 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance:  0.7695, 0.7740, 0.7795

Support: 0.7535, 0.7420, 0.7390