Forex Pivot Points & Technical Analysis 23.03.2015

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 1.0810$ with targets at 1.0585$ next 1.0350$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.0810$ with targets at 1.1045$ next 1.1270$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1115, 1.1270, 1.1445, 1.1500, 1.1540

Support: 1.0635, 1.0460, 1.0385, 1.0320, 1.0280, 1.0160

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.4880$ with targets at 1.5040$ next 1.5150$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4880$ with targets at 1.4770$ next 1.4615$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

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

Support: 1.4990, 1.4695 , 1.4570, 1.4415

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9810 with targets at 0.9995 next 1.0255 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9810 with targets at 0.9550 next 0.9365 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 1.0130, 1.0240, 1.0300

Support: 0.9600, 0.9535, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 120.20 with targets at 121.15 next 122.35 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.20 with targets at 119.00 next 118.10 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 122.05, 122.50, 123.00

Support: 119.35, 118.25, 118.00

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2600 with targets at 1.2690 next 1.2850 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2600 with targets at 1.2440 next 1.2350 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2835, 1.2920, 1.3000

Support: 1.2445, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7735 with targets at 0.7875 next 0.7990 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7735 with targets at 0.7620 next 0.7480 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7860, 0.7915, 0.8035, 0.8090

Support: 0.7640, 0.7550, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7525 with targets at 0.7625 next 0.7695 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7525 with targets at 0.7455 next 0.7350 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7655, 0.7700, 0.7795

Support: 0.7570, 0.7400, 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.