Forex Pivot Points and Technical Analysis 11/25/2014

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.

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

Bearish scenario: Short positions below the daily pivot point 1.2415$ with targets at 1.23950$ next 1.2345$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2415$ with targets at 1.2460$ next 1.2490$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2510, 1.2580, 1.2615, 1.2770, 1.2840

Support:   1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5680$ with targets at 1.5730$ next 1.5770$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5680$ with targets at 1.5645$ next 1.5590$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185

Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9685 with targets at 0.9650 next 0.9625 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9685 with targets at 0.9710 next 0.9745 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9750, 0.9790, 0.9840

Support:  0.9615, 0.9570, 0.9550, 0.9360, 0.9300

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.20 with targets at 118.85 next 119.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.20 with targets at 117.80 next  117.20  in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 117.35, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1270 with targets at 1.1345 next 1.1405 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1270 with targets at 1.1210 next 1.1130 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1295, 1.1370, 1.1470, 1.1500, 1.1545

Support:  1.1180, 1.1120, 1.1070

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8630 with targets at 0.8560 next 0.8520 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8630 with targets at 0.8670 next 0.8740 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8723, 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8565, 0.8535, 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7870 with targets at 0.7830 next 0.7805 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7870 with targets at 0.7895 next 0.7940 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7950, 0.7980, 0.8035, 0.8070, 0.8130, 0.8230

Support: 0.7805, 0.7700, 0.7650, 0.7620, 0.7575

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