Forex Pivot Points & Technical Analysis 23.06.2015

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 1.1355$ with targets at 1.1400$ next 1.1455$ in extension.

Alternatively, Short positions below the daily pivot point 1.1355$ with targets at 1.1300$ next 1.1255 in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1350, 1.1470, 1.1500, 1.1680

Support: 1.1150, 1.1130, 1.1030, 1.1005, 1.0885

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5845$ with targets at 1.5890$ next 1.5955$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5845$ with targets at 1.5780$ next 1.5740$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5930, 1.6000 , 1.6185

Support: 1.5700, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9200 with targets at 0.9245 next 0.9270 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9200 with targets at 0.9175 next 0.9140 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9300, 0.9405, 0.9545, 0.9600, 0.9720

Support: 0.9150, 0.9070

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 123.15 with targets at 123.70 next 124.00 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.15 with targets at 122.85 next 122.25 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 124.60, 125.05, 125.80, 126.30

Support: 122.40, 122.05, 121.90, 121.45

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2285 with targets at 1.2355 next 1.2400 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2285 with targets at 1.2245 next 1.2175 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2365, 1.2540, 1.2565, 1.2670, 1.2785

Support: 1.2150, 1.1950, 1.1900

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7760 with targets at 0.7815 next 0.7905 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7760 with targets at 0.7675 next 0.7620 in extension.

AUDUSD - Daily Chart Support and Re​sistance levels

Resistance: 0.7850, 0.7860, 0.8030, 0.8165

Support: 0.7715, 0.7670, 0.7595, 0.7550, 0.7530

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6915 with targets at 0.6965 next 0.7065 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6915 with targets at 0.6815 next 0.6760 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.6940, 0.7025, 0.7075, 0.7205, 0.7280, 0.7315, 0.7390, 0.7420

Support: 0.6830, 0.6810 , 0.6770

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.

The Daily Analysis brought to you by Billionaire Forez UK in collaboration with STOCK. All rights reserved.