Forex Pivot Points & Technical Analysis 30.03.2015

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 1.0880$ with targets at 1.0955$ next 1.1025$ in extension.

Alternatively, Short positions below the daily pivot point 1.0880$ with targets at 1.0810$ next 1.0730$ 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 1.4860$ with targets at 1.4920$ next 1.4985$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4860$ with targets at 1.4795$ next 1.4730$ 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 0.9620 with targets at 0.9680 next 0.9750 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9620 with targets at 0.9545 next 0.9480 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 1.0130, 1.0240, 1.0300

Support: 0.9485, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.15 with targets at 119.35 next 119.70 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.15 with targets at 118.80 next 118.60 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.55, 122.05, 122.50, 123.00

Support: 118.25, 118.00, 117.05, 116.85, 115.85

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2560 with targets at 1.2655 next 1.2715 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2560 with targets at 1.2500 next 1.2410 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2650, 1.2835, 1.2920, 1.3000

Support: 1.2405, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7770 with targets at 0.7800 next 0.7870 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7770 with targets at 0.7700 next 0.7670 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7845, 0.7940, 0.8035, 0.8090

Support: 0.7700, 0.7640, 0.7550, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7560 with targets at 0.7580 next 0.7620 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7560 with targets at 0.7520 next 0.7500 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7695, 0.7700, 0.7795

Support: 0.7500, 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.