Forex Pivot Points & Technical Analysis 07.04.2015

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

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.0960$ with targets at 1.1010$ next 1.1085$ in extension.

Alternatively, Short positions below the daily pivot point 1.0960$ with targets at 1.0885$ next 1.0830$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1050, 1.1115, 1.1270, 1.1445, 1.1500, 1.1540

Support: 1.0710, 1.0635, 1.0460, 1.0385, 1.0320, 1.0280, 1.0160

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.4915$ with targets at 1.4955$ next 1.5025$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4915$ with targets at 1.4845$ next 1.4800$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

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

Support: 1.4750, 1.4695, 1.4570, 1.4415

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9555 with targets at 0.9635 next 0.9690 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9555 with targets at 0.9500 next 0.9420 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9755, 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 119.40 with targets at 120.05 next 120.60 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.40 with targets at 118.80 next 118.15 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 120.35, 122.05, 122.50, 123.00

Support: 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2345 with targets at 1.2555 next 1.2640 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2345 with targets at 1.2410 next 1.2345 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2565, 1.2615, 1.2785, 1.2835, 1.2920

Support: 1.2405, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7620 with targets at 0.7665 next 0.7740 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7620 with targets at 0.7540 next 0.7495 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7695, 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 0.7555 with targets at 0.7610 next 0.7685 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7555 with targets at 0.7475 next 0.7420 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7630, 0.7695, 0.7700, 0.7795

Support: 0.7390, 0.7310, 0.7175, 0.7120

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.