Forex Pivot Points & Technical Analysis 27.01.2015

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 1.1245$ with targets at 1.1375$ next 1.1505$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1245$ with targets at 1.1115$ next 1.0985$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1460, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000, 1.2165

Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5060$ with targets at 1.5125$ next 1.5170$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5060$ with targets at 1.5015$ next 1.4945$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5100, 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8940 with targets at 0.9115 next 0.9220 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8940 with targets at 0.8835 next 0.8655 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9105, 0.9115, 0.9185, 0.9210

Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 118.15 with targets at 118.95 next 119.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 118.15 with targets at 117.75 next 116.95 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 118.90, 119.96, 120.75, 121.70, 122.00, 122.35

Support: 117.15, 115.85, 115.50, 114.80

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2460 with targets at 1.2510 next 1.2540 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2460 with targets at 1.2425 next 1.2375 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2505, 1.2580, 1.2630

Support: 1.2395, 1.2045, 1.2020, 1.1875, 1.1795, 1.1670

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7910 with targets at 0.7885 next 0.7845 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7910 with targets at 0.7945 next 0.7970 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8035, 0.8090, 0.8160, 0.8295, 0.8375, 0.8415

Support: 0. 0.7880, 0.7830, 0.7780, 0.7690

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7435 with targets at 0.7470 next 0.7505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7435 with targets at 0.7400 next 0.7365 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7610, 0.7670, 0.7795, 0.7890, 0.7925, 0.7950

Support: 0.7430, 0.7390, 0.7310, 0.7275