Forex Pivot Points & Technical Analysis 31.07.2015

 

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 1.0940$ with targets at 1.0985$ next 1.1030$ in extension.

Alternatively, Short positions below the daily pivot point 1.0940$ with targets at 1.0895$ next 1.0845 in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1220, 1.1285, 1.1350, 1.1470

Support: 1.0890, 1.0805, 1.0720, 1.0660, 1.0520

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5600$ with targets at 1.5640$ next 1.5680$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5600$ with targets at 1.5565$ next 1.5525$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5690, 1.5815, 1.5930, 1.6000, 1.6185

Support: 1.5530, 1.5440, 1.5330, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9690 with targets at 0.9710 next 0.9740 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9690 with targets at 0.9665 next 0.9645 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9755, 0.9865

Support: 0.9635, 0.9595, 0.9520, 0.9405, 0.9350, 0.9230, 0.9150

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 124.20 with targets at 124.45 next 124.85 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 124.20 with targets at 123.80 next 123.55 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 124.60, 125.05, 125.80

Support: 123.75, 123.55, 123.00, 122.40, 121.90, 121.45

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.3000 with targets at 1.3050 next 1.3095 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.3000 with targets at 1.2955 next 1.2905 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.3055, 1.3105, 1.3125, 1.3200

Support: 1.2930, 1.2855, 1.2820, 1.2645, 1.2565, 1.2500, 1.2420

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7290 with targets at 0.7330 next 0.7360 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7290 with targets at 0.7260 next 0.7220 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7350, 0.7500, 0.7595, 0.7630, 0.7740, 0.7770

Support: 0.7250, 0.7170, 0.7080, 0.7000, 0.6980

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6610 with targets at 0.6650 next 0.6700 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6610 with targets at 0.6560 next 0.6520 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6655, 0.6740, 0.6770, 0.6815, 0.6860

Support: 0.6550, 0.6485, 0.6380, 0.6320, 0.6275 

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