Forex Pivot Points & Technical Analysis 1.4.2015

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 1.0860$ with targets at 1.0920$ next 1.1005$ in extension.

Alternatively, Short positions below the daily pivot point 1.0860$ with targets at 1.0770$ next 1.0710$ 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 1.4815$ with targets at 1.4875$ next 1.4945$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4815$ with targets at 1.4745$ next 1.4680$ 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 0.9640 with targets at 0.9725 next 0.9775 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9640 with targets at 0.9590 next 0.9505 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 119.80 with targets at 120.45 next 120.90 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.80 with targets at 119.35 next 118.70 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 1.2660 with targets at 1.2720 next 1.2765 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2660 with targets at 1.2615 next 1.2555 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 0.7675 with targets at 0.7720 next 0.7785 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7675 with targets at 0.7615 next 0.7570 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 0.7510 with targets at 0.7535 next 0.7575 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7510 with targets at 0.7470 next 0.7445 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