Forex Pivot Points & Technical Analysis 06.07.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1105$ with targets at 1.1175$ next 1.1245$ in extension.

Alternatively, Short positions below the daily pivot point 1.1105$ with targets at 1.1035$ next 1.0960 in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1285, 1.1350, 1.1470, 1.1500

Support: 1.0950, 1.0885, 1.0820, 1.0660

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5575$ with targets at 1.5615$ next 1.5680$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5575$ with targets at 1.5510$ next 1.5470$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5665, 1.5815, 1.5930, 1.6000 , 1.6185

Support: 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9405 with targets at 0.9430 next 0.9470 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9405 with targets at 0.9370 next 0.9340 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9500, 0.9545, 0.9600, 0.9720

Support: 0.9405, 0.9230, 0.9150, 0.9070

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 122.80 with targets at 123.05 next 123.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 122.80 with targets at 122.45 next 122.20 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 123.70, 124.60, 125.05, 125.80, 126.30

Support: 122.40, 121.90, 121.45, 120.80, 118.30

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2570 with targets at 1.2620 next 1.2680 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2570 with targets at 1.2510 next 1.2460 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2635, 1.2670, 1.2785

Support: 1.2500, 1.2420, 1.2320, 1.2250, 1.2150, 1.1950

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7550 with targets at 0.7605 next 0.7705 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7550 with targets at 0.7450 next 0.7395 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7740, 0.7770, 0.7850, 0.7860, 0.8030

Support: 0.7565, 0.7550, 0.7530, 0.7450, 0.7395, 0.7340

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6690 with targets at 0.6725 next 0.6770 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6690 with targets at 0.6640 next 0.6605 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6815, 0.6860, 0.6925, 0.6940, 0.7025, 0.7075

Support: 0.6650, 0.6630, 0.6570

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 Analysis is provided by senior analysts at STOCK in collaboration with Billionaire Forex UK.