Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 11/06/2015

Forex Pivot Points and Forex Technical Analysis 11/06/2015

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 1.1320$ with targets at 1.1375$ next 1.1445$ in extension.

Alternatively, Short positions below the daily pivot point 1.1320$ with targets at 1.1250$ next 1.1190$ 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 1.5460$ with targets at 1.5590$ next 1.5680$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5460$ with targets at 1.5375$ next 1.5245$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5555, 1.5700, 1.5825, 1.5945, 1.5995 
Support: 1.5445, 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 0.9290 with targets at 0.9355 next 0.9385 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9290 with targets at 0.9260 next 0.9200 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9405, 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 123.30 with targets at 124.20 next 125.50 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.30 with targets at 122.00 next 121.10 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 123.75, 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 1.2275 with targets at 1.2350 next 1.2430 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2275 with targets at 1.2200 next 1.2125 in extension.

USDCAD – Daily Chart Support and Resistance levels

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

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7715 with targets at 0.7795 next 0.7865 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7715 with targets at 0.7645 next 0.7565 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7820, 0.7845, 0.7860, 0.8030, 0.8165
Support: 0.7680, 0.7595, 0.7550, 0.7530

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7090 with targets at 0.7185 next 0.7330 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7090 with targets at 0.6945 next 0.6845 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7075, 0.7205, 0.7280, 0.7315, 0.7390, 0.7420, 0.7480
Support: 0.7040, 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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