Forex Pivot Points & Technical Analysis 09.04.2015

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 1.0810$ with targets at 1.0860$ next 1.0935$ in extension.

Alternatively, Short positions below the daily pivot point 1.0810$ with targets at 1.0735$ next 1.0685$ 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 1.4890$ with targets at 1.4960$ next 1.5045$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4890$ with targets at 1.4805$ next 1.4735$ 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 0.9645 with targets at 0.9695 next 0.9725 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9645 with targets at 0.9615 next 0.9565 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9755, 1.0130, 1.0240, 1.0300

Support: 0.9500, 0.9475, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 120.00 with targets at 120.55 next 121.00 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.00 with targets at 119.55 next 119.00 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 120.45, 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 1.2560 with targets at 1.2690 next 1.2915 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2560 with targets at 1.2335 next 1.2200 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 0.7680 with targets at 0.7730 next 0.7775 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7680 with targets at 0.7635 next 0.7590 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 0.7555 with targets at 0.7605 next 0.7655 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7555 with targets at 0.7500 next 0.7450 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