Forex Pivot Points & Technical Analysis 16.04.2015

Daily technical analysis for major currency pairs, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

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.

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.0640$ with targets at 1.0745$ next 1.0815$ in extension.

Alternatively, Short positions below the daily pivot point 1.0640$ with targets at 1.0570$ next 1.0460$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.0720, 1.1050, 1.1115, 1.1270, 1.1445

Support: 1.0520, 1.0500, 1.0460, 1.0385, 1.0320, 1.0280

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.4795$ with targets at 1.4885$ next 1.4950$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4795$ with targets at 1.4735$ next 1.4640$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.4900, 1.4980, , 1.5010, 1.5195, 1.5315, 1.5480

Support: 1.4740,  .4570, 1.4415

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9675 with targets at 0.9745 next 0.9840 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9675 with targets at 0.9580 next 0.9510 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9755, 0.9865, 1.0130, 1.0240, 1.0300

Support:  0.9475, 0.9450, 0.9345, 0.9165

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.25 with targets at 119.65 next 120.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.25 with targets at 118.70 next 118.25 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 119.75, 120.85, 122.05, 122.50, 123.00

Support: 118.75, 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2385 with targets at 1.2490 next 1.2675 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2385 with targets at 1.2200 next 1.2095 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2360, 1.2440, 1.2670, 1.2785, 1.2835

Support: 1.2250, 1.2100, 1.2045, 1.2020

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7650 with targets at 0.7725 next 0.7780 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7650 with targets at 0.7595 next 0.7520 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7785, 0.7845, 0.7940, 0.8035

Support: 0.7750, 0.7530, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7565 with targets at 0.7645 next 0.7700 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7565 with targets at 0.7510 next 0.7430 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7640, 0.7695, 0.7700, 0.7795

Support: .0.7570, 0.7420, 0.7390, 0.7310, 0.7175