Forex Pivot Points & Technical Analysis 1/19/2015

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

Bullish scenario: Long positions above the daily pivot point 1.1560$ with targets at 1.1655$ next 1.1750$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1560$ with targets at 1.1465$ next 1.1370$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1775, 1.1870, 1.2000, 1.2165,1.2250, 1.2300, 1.2350

Support: 1.1460, 1.1420, 1.1380, 1.1310, 1.1275

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5145$ with targets at 1.5220$ next 1.5310$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5145$ with targets at 1.5060$ next 1.4985$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785, 1.5825

Support: 1.5030, 1.5000 , 1.4970, 1.4880

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8610 with targets at 0.8410 next 0.8250 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8610 with targets at 0.8765 next 0.8965 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.8700, 0.8740, 0.8800, 0.8860, 0.8900

Support: 0.8565, 0.8520, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 117.00 with targets at 116.20 next 115.05 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.00 with targets at 118.10 next 118.90 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 118.05, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1990 with targets at 1.2025 next 1.2085 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1990 with targets at 1.1935 next 1.1895 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2050, 1.2080, 1.2120, 1.2170, 1.2205

Support: 1.1875, 1.1795, 1.1670, 1.1560, 1.1500

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8210 with targets at 0.8290 next 0.8375 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8210 with targets at 0.8130 next 0.8050 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8295, 0.8375, 0.8415, 0.8545, 0.8560, 0.8640

Support: 0.8155, 0.8030, 0.7970, 0.7880, 0.7830, 0.7780

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7790 with targets at 0.7880 next 0.7980 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7790 with targets at 0.7690 next 0.7600 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7890, 0.7925, 0.7950, 0.7980

Support: 0.7735, 0.7660, 0.7605, 0.7575, 0.7480