Friday 19 June 2015

Forex Pivot Points & Technical Analysis 19.06.2015


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 1.1380$ with targets at 1.1425$ next 1.1480$ in extension.

Alternatively, Short positions below the daily pivot point 1.1380$ with targets at 1.1325$ next 1.1280 in extension.

EURUSD - Daily Chart Support and Resistance levels
Resistance: 1.1470, 1.1500, 1.1680
Support: 1.1280, 1.1150, 1.1130, 1.1030, 1.1005, 1.0885

GBPUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5870$ with targets at 1.5935$ next 1.5995$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5870$ with targets at 1.5815$ next 1.5745$ in extension.

GBPUSD - Daily Chart Support and Resistance levels
Resistance: 1.5825, 1.5945, 1.5995 , 1.6185
Support: 1.5815, 1.5700, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.9205 with targets at 0.9255 next 0.9300 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9205 with targets at 0.9160 next 0.9110 in extension.


USDCHF - Daily Chart Support and Resistance levels
Resistance: 0.9275, 0.9405, 0.9545, 0.9600, 0.9720
Support: 0.9150, 0.9070

USDJPY - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 123.00 with targets at 123.60 next 124.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.00 with targets at 122.40 next 121.85 in extension.

USDJPY - Daily Chart Support and Resistance levels
Resistance: 124.60, 125.05, 125.80, 126.30
Support: 122.40, 122.05, 121.90, 121.45

USDCAD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.2200 with targets at 1.2275 next 1.2325 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2200 with targets at 1.2150 next 1.2075 in extension.

USDCAD - Daily Chart Support and Resistance levels
Resistance: 1.2365, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2150, 1.1950, 1.1900

AUDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7785 with targets at 0.7855 next 0.7925 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7785 with targets at 0.7715 next 0.7645 in extension.

AUDUSD - Daily Chart Support and Resistance levels
Resistance: 0.7850, 0.7860, 0.8030, 0.8165
Support: 0.7715, 0.7670, 0.7595, 0.7550, 0.7530

NZDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.6930 with targets at 0.7000 next 0.7080 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6930 with targets at 0.6845 next 0.6775 in extension.

NZDUSD - Daily Chart Support and Resistance levels
Resistance: 0.6940, 0.7025, 0.7075, 0.7205, 0.7280, 0.7315, 0.7390, 0.7420
Support: 0.6850, 0.6810 , 0.6770

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.

The Daily Technical Analysis brought to you by Billionaire Forex UK in collaboration with STOCK. All rights reserved. 

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