Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 12/06/2015

Forex Pivot Points and Forex Technical Analysis 12/06/2015

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 1.1250$ with targets at 1.1325$ next 1.1405$ in extension.

Alternatively, Short positions below the daily pivot point 1.1250$ with targets at 1.1175$ next 1.1100$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1390, 1.1470, 1.1500, 1.1680
Support: 1.1180, 1.1130, 1.1030, 1.1005, 1.0885, 1.0820, 1.0715

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5470$ with targets at 1.5595$ next 1.5685$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5470$ with targets at 1.5385$ next 1.5250$ 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 0.9345 with targets at 0.9395 next 0.9460 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9345 with targets at 0.9285 next 0.9235 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 123.55 with targets at 124.65 next 125.75 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.55 with targets at 122.50 next 121.35 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 1.2305 with targets at 1.2345 next 1.2395 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2305 with targets at 1.2250 next 1.2210 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2365, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2200, 1.2160, 1.1950, 1.1900

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7745 with targets at 0.7795 next 0.7850 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7745 with targets at 0.7695 next 0.7640 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 0.7010 with targets at 0.7065 next 0.7105 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7010 with targets at 0.6965 next 0.6915 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: 0.6970, 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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