Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 10/06/2015

Forex Pivot Points and Forex Technical Analysis 10/06/2015

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 1.1285$ with targets at 1.1355$ next 1.1415$ in extension.

Alternatively, Short positions below the daily pivot point 1.1285$ with targets at 1.1220$ next 1.1150$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1390, 1.1470, 1.1500, 1.1680
Support: 1.1290, 1.1210, 1.1030, 1.1005, 1.0885, 1.0820, 1.0715

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5345$ with targets at 1.5435$ next 1.5490$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5345$ with targets at 1.5295$ next 1.5205$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5445, 1.5700, 1.5825, 1.5945, 1.5995 
Support: 1.5160, 1.5080, 1.5055, 1.4990, 1.4950, 1.4855 

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9295 with targets at 0.9340 next 0.9380 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9295 with targets at 0.9255 next 0.9205 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9405, 0.9545, 0.9600, 0.9720
Support: 0.9240, 0.9150, 0.9070 

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 124.30 with targets at 124.75 next 125.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 124.30 with targets at 123.90 next 123.45 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 124.00, 125.05, 125.80, 126.30
Support: 122.05, 121.90, 121.45 

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2365 with targets at 1.2420 next 1.2500 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2365 with targets at 1.2285 next 1.2225 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2365, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2305, 1.2205, 1.2160, 1.1950, 1.1900

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7685 with targets at 0.7725 next 0.7760 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7685 with targets at 0.7650 next 0.7610 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7715, 0.7820, 0.7845, 0.7860, 0.8030, 0.8165
Support: 0.7595, 0.7550, 0.7530

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7135 with targets at 0.7190 next 0.7230 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7135 with targets at 0.7095 next 0.7045 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7205, 0.7280, 0.7315, 0.7390, 0.7420, 0.7480, 0.7565
Support: 0.7070, 0.7025, 0.6970, 0.6945, 0.6810 

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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