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
1.1200$ with targets at 1.1275$ next 1.1420$ in extension.
Alternatively, Short positions below the daily pivot point
1.1200$ with targets at 1.1060$ next 1.0985 in extension.
EURUSD - Daily Chart Support and Resistance levels
Resistance: 1.1050, 1.1150, 1.1285, 1.1350, 1.1470, 1.1500
Support: 1.1005, 1.0950, 1.0885
GBPUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
1.5710$ with targets at 1.5750$ next 1.5810$ in extension.
Alternatively, Bearish Scenario: Short positions below the
daily pivot point 1.5710$ with targets at 1.5655$ next 1.5615$ in extension.
GBPUSD - Daily Chart Support and Resistance levels
Resistance: 1.5815, 1.5930, 1.6000 , 1.6185
Support: 1.5660, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055
USDCHF - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.9255 with targets at 0.9360 next 0.9405 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.9370 with targets at 0.9285 next 0.9255 in extension.
USDCHF - Daily Chart Support and Resistance levels
Resistance: 0.9415, 0.9545, 0.9600, 0.9720
Support: 0.9280, 0.9150, 0.9070
USDJPY - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
123.65 with targets at 124.05 next 124.40 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 123.65 with targets at 123.30 next 122.85 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
1.2330 with targets at 1.2370 next 1.2435 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 1.2330 with targets at 1.2260 next 1.2220 in extension.
USDCAD - Daily Chart Support and Resistance levels
Resistance: 1.2425, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2320, 1.2250, 1.2150, 1.1950, 1.1900
AUDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.7670 with targets at 0.7710 next 0.7775 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.7670 with targets at 0.7605 next 0.7565 in extension.
AUDUSD - Daily Chart Support and Resistance levels
Resistance: 0.7670, 0.7770,
0.7850, 0.7860, 0.8030
Support: 0.7595, 0.7550, 0.7530
NZDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.6845 with targets at 0.6875 next 0.6925 extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.6845 with targets at 0.6795 next 0.6765 in extension.
NZDUSD - Daily Chart Support and Resistance levels
Resistance: 0.6925, 0.6940, 0.7025, 0.7075, 0.7205, 0.7280
Support: 0.6810, 0.6770, 0.6685
The Daily Technical Analysis brought to you by Billionaire Forex UK in collaboration with STOCK. All rights reserved.
The Daily Technical Analysis brought to you by Billionaire Forex UK in collaboration with STOCK. All rights reserved.
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