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
1.0920$ with targets at 1.0930$ next 1.0945$ in extension.
Alternatively, Short positions below the daily pivot point
1.0920$ with targets at 1.0910$ next 1.0895 in extension.
EURUSD - Daily Chart Support and Resistance levels
Resistance: 1.1000, 1.1115, 1.1135, 1.1220, 1.1285, 1.1350
Support: 1.0845, 1.0805, 1.0720, 1.0660, 1.0520
GBPUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
1.5540$ with targets at 1.5610$ next 1.5710$ in extension.
Alternatively, Bearish Scenario: Short positions below the
daily pivot point 1.5540$ with targets at 1.5440$ next 1.5365$ in extension.
GBPUSD - Daily Chart Support and Resistance levels
Resistance: 1.5550, 1.5690, 1.5815, 1.5930, 1.6000
Support: 1.5440, 1.5330, 1.5160, 1.5080, 1.5055
USDCHF - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.9810 with targets at 0.9850 next 0.9890 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.9810 with targets at 0.9770 next 0.9725 in extension.
USDCHF - Daily Chart Support and Resistance levels
Resistance: 0.9865, 0.9900, 0.9970, 1.0000
Support: 0.9720, 0.9635, 0.9595, 0.9520, 0.9405, 0.9350
USDJPY - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
124.55 with targets at 125.20 next 125.65 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 124.55 with targets at 124.15 next 123.50 in extension.
USDJPY - Daily Chart Support and Resistance levels
Resistance: 125.05, 125.80, 126.00
Support: 124.45, 123.50, 123.00, 122.40, 121.90
USDCAD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
1.3135 with targets at 1.3180 next 1.3240 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 1.3135 with targets at 1.3075 next 1.3030 in extension.
USDCAD - Daily Chart Support and Resistance levels
Resistance: 1.3215, 1.3310
Support: 1.3090, 1.3050, 1.2930, 1.2855, 1.2820, 1.2645,
1.2565
AUDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.7345 with targets at 0.7430 next 0.7515 in extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.7345 with targets at 0.7260 next 0.7175 in extension.
AUDUSD - Daily Chart Support and Resistance levels
Resistance: 0.7450, 0.7500, 0.7595, 0.7630, 0.7740, 0.7770
Support: 0.7325, 0.7230, 0.7170, 0.7080, 0.7000, 0.6980
NZDUSD - Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point
0.6530 with targets at 0.6575 next 0.6610 extension.
Alternatively, Bearish scenario: Short positions below the
daily pivot point 0.6530 with targets at 0.6495 next 0.6455 in extension.
NZDUSD - Daily Chart Support and Resistance levels
Resistance: 0.6600, 0.6695, 0.6740, 0.6770, 0.6815, 0.6860
Support: 0.6485, 0.6380, 0.6320, 0.6275
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 Forex UK in collaboration with STOCK.
