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.
