Monday 27 July 2015

Forex Pivot Points & Technical Analysis 27.07.2015


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 1.0970$ with targets at 1.1015$ next 1.1070$ in extension.

Alternatively, Short positions below the daily pivot point 1.0970$ with targets at 1.0920$ next 1.0870 in extension.

EURUSD - Daily Chart Support and Resistance levels
Resistance: 1.1020, 1.1135, 1.1220, 1.1285, 1.1350, 1.1470
Support: 1.0915, 1.0805, 1.0720, 1.0660, 1.0520

GBPUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5490$ with targets at 1.5520$ next 1.5560$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5490$ with targets at 1.5450$ next 1.5420$ in extension.

GBPUSD - Daily Chart Support and Resistance levels
Resistance: 1.5550, 1.5675, 1.5815, 1.5930, 1.6000, 1.6185
Support: 1.5440, 1.5330, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.9610 with targets at 0.9645 next 0.9670 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9610 with targets at 0.9585 next 0.9545 in extension.


USDCHF - Daily Chart Support and Resistance levels
Resistance: 0.9650, 0.9720, 0.9755, 0.9865
Support: 0.9520, 0.9405, 0.9350, 0.9230, 0.9150, 0.9070

USDJPY - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 123.80 with targets at 123.95 next 124.30 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.80 with targets at 123.45 next 123.30 in extension.

USDJPY - Daily Chart Support and Resistance levels
Resistance: 124.20, 124.50, 124.60, 125.05, 125.80
Support: 123.40, 122.40, 121.90, 121.45, 120.40, 118.30

USDCAD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.3050 with targets at 1.3080 next 1.3135 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.3050 with targets at 1.2995 next 1.2960 in extension.

USDCAD - Daily Chart Support and Resistance levels
Resistance: 1.3105, 1.3125, 1.3200
Support: 1.2930, 1.2915, 1.2820, 1.2645, 1.2565, 1.2500, 1.2420

AUDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7295 with targets at 0.7335 next 0.7400 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7295 with targets at 0.7240 next 0.7200 in extension.

AUDUSD - Daily Chart Support and Resistance levels
Resistance: 0.7350, 0.7500, 0.7595, 0.7630, 0.7740, 0.7770
Support: 0.7260, 0.7170, 0.7080, 0.7000, 0.6980

NZDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.6580 with targets at 0.6615 next 0.6650 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6580 with targets at 0.6545 next 0.6515 in extension.

NZDUSD - Daily Chart Support and Resistance levels
Resistance: 0.6700, 0.6770, 0.6815, 0.6860, 0.6925, 0.6940
Support: 0.6555, 0.6485, 0.6380, 0.6320, 0.6275

No comments:

Post a Comment