Forex Pivot Points & Technical Analysis 02.02.2015

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

 Bearish scenario: Short positions below the daily pivot point 1.1340$ with targets at 1.1255$ next 1.1140$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1340$ with targets at 1.1455$ next 1.15540$ 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 1.5045$ with targets at 1.5100$ next 1.5150$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5045$ with targets at 1.4995$ next 1.4935$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5225, 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785

Support: 1.4985, 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 0.9220 with targets at 0.9150 next 0.9100 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9220 with targets at 0.9275 next 0.9340 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9290, 0.9550

Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 117.70 with targets at 117.10 next 116.70 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 117.70 with targets at 118.05 next 118.70 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 1.2600 with targets at 1.2690 next 1.2765 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2600 with targets at 1.2525 next 1.2435 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2790, 1.2810, 1.2920, 1.3000

Support: 1.2490, 1.2380, 1.2045, 1.2020, 1.18775, 1.1795 

AUDUSD - Day Trading Strategies

 Bearish scenario: Short positions below the daily pivot point 0.7795 with targets at 0.7680 next 0.7605 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7795 with targets at 0.7865 next 0.7980 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7870, 0.8035, 0.8090, 0.8160, 0.8295, 0.8375

Support: 0.7720, 0.7690, 0.7580, 0.7460,

NZDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7250 with targets at 0.7285 next 0.7330 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7250 with targets at 0.7205 next 0.7170 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7400, 0.7495, 0.7610, 0.7670, 0.7795, 0.7890

Support:  0.7200, 0.7170, 0.7080, 0.7000