Forex Pivot Points & Technical Analysis 11.08.2015

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 1.0995$ with targets at 1.1060$ next 1.1110$ in extension.

Alternatively, Short positions below the daily pivot point 1.0995$ with targets at 1.0945$ next 1.0875 in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1040, 1.1115, 1.1135, 1.1220, 1.1285, 1.1350

Support: 1.0895, 1.0845, 1.0805, 1.0720, 1.0660, 1.0520

 GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5550$ with targets at 1.5640$ next 1.5700$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5550$ with targets at 1.5490$ next 1.5400$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5610, 1.5690, 1.5815, 1.5930, 1.6000

Support: 1.5455, 1.5425, 1.5330, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9845 with targets at 0.9885 next 0.9930 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9845 with targets at 0.9795 next 0.9755 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9900, 0.9970, 1.0000

Support: 0.9720, 0.9635, 0.9595, 0.9520, 0.9405, 0.9350

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 124.60 with targets at 125.10 next 125.60 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 124.60 with targets at 124.10 next 123.60 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 125.10, 125.80, 126.00

Support: 124.05, 123.50, 123.00, 122.40, 121.90

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.3060 with targets at 1.3135 next 1.3260 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.3060 with targets at 1.2940 next 1.2860 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.3105, 1.3215, 1.3310

Support: 1.2985, 1.2930, 1.2855, 1.2820, 1.2645, 1.2565

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7390 with targets at 0.7445 next 0.7480 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7390 with targets at 0.7355 next 0.7300 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7450, 0.7500, 0.7595, 0.7630, 0.7740, 0.7770

Support: 0.7305, 0.7230, 0.7170, 0.7080, 0.7000, 0.6980

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6590 with targets at 0.6655 next 0.6705 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6590 with targets at 0.6545 next 0.6480 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6650, 0.6695, 0.6740, 0.6770, 0.6815, 0.6860

Support: 0.6525, 0.6485, 0.6380, 0.6320, 0.6275

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 brought to you by Billionaire Forex UK in collaboration with STOCK.