Forex Pivot Points & Technical Analysis 24.03.2015

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

Bullish scenario: Long positions above the daily pivot point 1.0855$ with targets at 1.1130$ next 1.1315$ in extension.

Alternatively, Short positions below the daily pivot point 1.0855$ with targets at 1.0670$ next 1.0395$ 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 1.4885$ with targets at 1.5050$ next 1.5155$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4885$ with targets at 1.4785$ next 1.4620$ 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 0.9785 with targets at 0.9950 next 1.0230 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9785 with targets at 0.9505 next 0.9340 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 120.15 with targets at 121.05 next 122.25 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.15 with targets at 118.90 next 118.05 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 1.2595 with targets at 1.2685 next 1.2845 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2595 with targets at 1.2435 next 1.2345 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 0.7845 with targets at 0.7930 next 0.7985 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7845 with targets at 0.7790 next 0.7705 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7915, 0.8035, 0.8090

Support: 0.7730, 0.7640, 0.7550, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7625 with targets at 0.7705 next 0.7755 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7625 with targets at 0.7575 next 0.7495 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7675, 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.