Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 09/07/2015

Forex Pivot Points and Forex Technical Analysis 09/07/2015

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 1.1045$ with targets at 1.1120$ next 1.165$ in extension.

Alternatively, Short positions below the daily pivot point 1.1045$ with targets at 1.0995$ next 1.0925 in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1095, 1.1285, 1.1350, 1.1470, 1.1500
Support: 1.0915, 1.0885, 1.0820, 1.0660

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5385$ with targets at 1.5445$ next 1.5525$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5385$ with targets at 1.5310$ next 1.5250$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5540, 1.5665, 1.5815, 1.5930, 1.6000 , 1.6185
Support: 1.5330, 1.5160, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9460 with targets at 0.9510 next 0.9560 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9460 with targets at 0.9405 next 0.9355 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9515, 0.9545, 0.9600, 0.9720
Support: 0.9405, 0.9380, 0.9230, 0.9150, 0.9070 

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 121.30 with targets at 122.15 next 123.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 121.30 with targets at 120.00 next 119.15 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 121.90, 122.60, 123.70, 124.60, 125.05, 125.80, 126.30
Support: 120.40, 118.30, 117.80

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2720 with targets at 1.2790 next 1.2850 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2720 with targets at 1.2660 next 1.2590 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2785, 1.2835, 1.2930, 1.3005
Support: 1.2630, 1.2500, 1.2420, 1.2320, 1.2250, 1.2150

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7415 with targets at 0.7460 next 0.7500 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7415 with targets at 0.7375 next 0.7330 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7595, 0.7630, 0.7740, 0.7770, 0.7850, 0.7860
Support: 0.7370, 0.7340 , 0.7280 , 0.7170

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6695 with targets at 0.6770 next 0.6825 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6695 with targets at 0.6640 next 0.6565 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.6770, 0.6815, 0.6860, 0.6925, 0.6940, 0.7025
Support: 0.6620, 0.6600, 0.6570, 0.6480  

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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