Forex Pivot Points & Technical Analysis 16.03.2015

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 1.0530$ with targets at 1.0425$ next 1.0355$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.0530$ with targets at 1.0595$ next 1.0700$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.0720, 1.0840, 1.1115, 1.1270, 1.1445, 1.1500, 1.1540

Support: 1.0460, 1.0385, 1.0320, 1.0280, 1.0160

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.4770$ with targets at 1.4845$ next 1.4965$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4770$ with targets at 1.4650$ next 1.4575$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.4950, 1.5195, 1.5315, 1.5480, 1.5555, 1.5620, 1.5785

Support: 1.4695 , 1.4570, 1.4415

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.0050 with targets at 1.0120 next 1.0200 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.0050 with targets at 0.9975 next 0.9905 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 1.0130, 1.0240, 1.0300

Support: 0.9890, 0.9795, 0.9535, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 121.20 with targets at 121.75 next 122.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 121.20 with targets at 120.75 next 120.20 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 122.05, 122.50, 123.00

Support: 120.65, 120.25, 119.35, 118.25, 118.00

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2760 with targets at 1.2830 next 1.2895 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2760 with targets at 1.2695 next 1.2625 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2825, 1.2920, 1.3000

Support: 1.2700, 1.2615, 1.2565, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7640 with targets at 0.7710 next 0.7800 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7640 with targets at 0.7555 next 0.7485 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7740, 0.7860, 0.7915, 0.8035, 0.8090

Support: 0.7550, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7350 with targets at 0.7410 next 0.7505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7350 with targets at 0.7255 next 0.7190 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7450, 0.7500, 0.7615

Support: 0.7310, 0.7175, 0.7120, 0.7080

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.