Forex Pivot Points and Technical Analysis 11/27/2014

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 1.2495$ with targets at 1.2545$ next 1.2580$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2495$ with targets at 1.2455$ next 1.2405$ in extension.

 
EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2535, 1.2605, 1.2770, 1.2890

Support:    1.2395, 1.2355, 1.2325, 1.2240

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5755$ with targets at 1.5835$ next 1.5885$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5755$ with targets at 1.5710$ next 1.5630$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5800, 1.5875, 1.5950, 1.6025, 1.6185

Support: 1.5625, 1.5590, 1.5570, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9625 with targets at 0.9585 next 0.9555 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9625 with targets at 0.9655 next 0.9695 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

Bearish scenario: Short positions below the daily pivot point 117.90 with targets at 117.25 next  116.90  in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.90 with targets at 118.30 next 118.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.00, 119.70, 120.05

Support: 117.25, 116.80, 115.45, 113.80, 112.45

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1255 with targets at 1.1185 next 1.1120 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1255 with targets at 1.1325 next 1.1395 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 0.8525 with targets at 0.8485 next 0.8440 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8525 with targets at 0.8570 next 0.8610 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8723, 0.8880, 0.8900, 0.8985, 0.9110

Support: 0.8480, 0.8420, 0.8315

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7855 with targets at 0.7910 next 0.7945 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7855 with targets at 0.7820 next 0.7765 in extension.

NZDUSD - Daily Chart Support and Resistance levels

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

Support: 0.7765, 0.7700, 0.7650, 0.7620, 0.7575

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