Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 01/07/2015

Forex Pivot Points and Forex Technical Analysis 01/07/2015

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 1.1125$ with targets at 1.1280$ next 1.1430$ in extension.

Alternatively, Short positions below the daily pivot point 1.1125$ with targets at 1.0975$ next 1.0825 in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1285, 1.1350, 1.1470, 1.1500
Support: 1.0950, 1.0885, 1.0820, 1.0660

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5710$ with targets at 1.5745$ next 1.5810$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5710$ with targets at 1.5645$ next 1.5605$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5815, 1.5930, 1.6000 , 1.6185
Support: 1.5660, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9330 with targets at 0.9400 next 0.9455 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9330 with targets at 0.9275 next 0.9200 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9430, 0.9545, 0.9600, 0.9720
Support: 0.9230, 0.9150, 0.9070 

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 122.35 with targets at 122.80 next 123.15 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 122.35 with targets at 121.95 next 121.55 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 123.30, 124.60, 125.05, 125.80, 126.30
Support: 121.90, 121.45, 120.80, 118.30

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2435 with targets at 1.2515 next 1.2580 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2435 with targets at 1.2375 next 1.2295 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2505, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2420, 1.2320, 1.2250, 1.2150, 1.1950, 1.1900

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7690 with targets at 0.7725 next 0.7760 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7690 with targets at 0.7655 next 0.7615 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7770, 0.7850, 0.7860, 0.8030
Support: 0.7675, 0.7595, 0.7550, 0.7530

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6790 with targets at 0.6840 next 0.6895 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6790 with targets at 0.6735 next 0.6690 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.6815, 0.6860, 0.6925, 0.6940, 0.7025, 0.7075
Support: 0.6745, 0.6685, 0.6630, 0.6570 

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.

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