Forex Pivot Points & Technical Analysis 13.07.2015

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 1.1140$ with targets at 1.1225$ next 1.1300$ in extension.

Alternatively, Short positions below the daily pivot point 1.1140$ with targets at 1.1060$ next 1.0975 in extension.

 

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1220, 1.1285, 1.1350, 1.1470, 1.1500

Support: 1.1050, 1.0975, 1.0915, 1.0885, 1.0820, 1.0660

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5450$ with targets at 1.5540$ next 1.5640$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5450$ with targets at 1.5350$ next 1.5260$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5550, 1.5665, 1.5815, 1.5930, 1.6000 , 1.6185

Support: 1.5330, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9385 with targets at 0.9445 next 0.9540 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9385 with targets at 0.9295 next 0.9230 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9515, 0.9545, 0.9600, 0.9720

Support: 0.9350, 0.9230, 0.9150, 0.9070

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 122.35 with targets at 123.20 next 123.75 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 122.35 with targets at 121.80 next 120.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 122.90, 123.70, 124.60, 125.05, 125.80, 126.30

Support: 121.90, 121.45, 120.40, 118.30, 117.80

USDCAD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.2685 with targets at 1.2725 next 1.2790 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2685 with targets at 1.2620 next 1.2580 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2785, 1.2835, 1.2930, 1.3005

Support: 1.2630, 1.2500, 1.2420, 1.2320, 1.2250, 1.2150

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7445 with targets at 0.7480 next 0.7530 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7445 with targets at 0.7395 next 0.7355 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7500, 0.7595, 0.7630, 0.7740, 0.7770

Support: 0.7370, 0.7340 , 0.7280 , 0.7170

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6725 with targets at 0.6765 next 0.6810 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6725 with targets at 0.6680 next 0.6640 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6770, 0.6815, 0.6860, 0.6925, 0.6940, 0.7025

Support: 0.6620, 0.6600, 0.6570, 0.6480

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