Forex Pivot Points & Technical Analysis 08.04.2015

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 1.0860$ with targets at 1.0915$ next 1.1010$ in extension.

Alternatively, Short positions below the daily pivot point 1.0860$ with targets at 1.0765$ next 1.0705$ in extension.

EURUSD - Daily Chart Support and Resistance levels

 Resistance: 1.1050, 1.1115, 1.1270, 1.1445, 1.1500, 1.1540

Support: 1.0710, 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 1.4845$ with targets at 1.4890$ next 1.4965$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4845$ with targets at 1.4775$ next 1.4730$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

 Resistance: 1.5010, 1.5195, 1.5315, 1.5480, 1.5555, 1.5620

Support: 1.4750, 1.4695, 1.4570, 1.4415

USDCHF - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.9630 with targets at 0.9700 next 0.9745 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9630 with targets at 0.9585 next 0.9510 in extension.

USDCHF - Daily Chart Support and Resistance levels

 Resistance: 0.9755, 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 120.05 with targets at 120.65 next 121.05 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.05 with targets at 119.65 next 119.05 in extension.

USDJPY - Daily Chart Support and Resistance levels

 Resistance: 120.45, 122.05, 122.50, 123.00

Support: 118.25, 118.00, 117.05, 116.85

USDCAD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 1.2495 with targets at 1.2530 next 1.2560 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2495 with targets at 1.2465 next 1.2425 in extension.

USDCAD - Daily Chart Support and Resistance levels

 Resistance: 1.2565, 1.2615, 1.2785, 1.2835, 1.2920

Support: 1.2405, 1.2350, 1.2045, 1.2020

AUDUSD - Day Trading Strategies 

Bullish scenario: Long positions above the daily pivot point 0.7645 with targets at 0.7705 next 0.7780 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7645 with targets at 0.7575 next 0.7510 in extension.

AUDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7740, 0.7845, 0.7940, 0.8035

Support: 0.7530, 0.7460, 0.7380

NZDUSD - Day Trading Strategies

 Bullish scenario: Long positions above the daily pivot point 0.7515 with targets at 0.7550 next 0.7595 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7515 with targets at 0.7470 next 0.7435 in extension.

NZDUSD - Daily Chart Support and Resistance levels

 Resistance: 0.7630, 0.7695, 0.7700, 0.7795

Support: 0.7390, 0.7310, 0.7175, 0.7120