Forex Pivot Points & Technical Analysis 07.08.2015

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 1.0920$ with targets at 1.0930$ next 1.0945$ in extension.

Alternatively, Short positions below the daily pivot point 1.0920$ with targets at 1.0910$ next 1.0895 in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1000, 1.1115, 1.1135, 1.1220, 1.1285, 1.1350

Support: 1.0845, 1.0805, 1.0720, 1.0660, 1.0520

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5540$ with targets at 1.5610$ next 1.5710$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5540$ with targets at 1.5440$ next 1.5365$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5550, 1.5690, 1.5815, 1.5930, 1.6000

Support: 1.5440, 1.5330, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9810 with targets at 0.9850 next 0.9890 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9810 with targets at 0.9770 next 0.9725 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9865, 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 124.55 with targets at 125.20 next 125.65 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 124.55 with targets at 124.15 next 123.50 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 125.05, 125.80, 126.00

Support: 124.45, 123.50, 123.00, 122.40, 121.90

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.3135 with targets at 1.3180 next 1.3240 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.3135 with targets at 1.3075 next 1.3030 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.3215, 1.3310

Support: 1.3090, 1.3050, 1.2930, 1.2855, 1.2820, 1.2645, 1.2565

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7345 with targets at 0.7430 next 0.7515 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7345 with targets at 0.7260 next 0.7175 in extension.

AUDUSD - Daily Chart Support and Resistance levels

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

Support: 0.7325, 0.7230, 0.7170, 0.7080, 0.7000, 0.6980

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6530 with targets at 0.6575 next 0.6610 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6530 with targets at 0.6495 next 0.6455 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6600, 0.6695, 0.6740, 0.6770, 0.6815, 0.6860

Support: 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. 

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