Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 13/05/2015

Forex Pivot Points and Forex Technical Analysis 13/05/2015

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 1.1210$ with targets at 1.1285$ next 1.1355$ in extension.

Alternatively, Short positions below the daily pivot point 1.1210$ with targets at 1.1140$ next 1.1065$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1290, 1.1445, 1.1500, 1.1535
Support: 1.1130, 1.1065, 1.1055, 1.0850, 1.0660, 1.0520, 1.0500

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5645$ with targets at 1.5735$ next 1.5800$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5645$ with targets at 1.5580$ next 1.5490$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5725, 1.5785, 1.5820
Support: 1.5550, 1.5490, 1.5350, 1.5195, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9285 with targets at 0.9360 next 0.9430 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9285 with targets at 0.9210 next 0.9135 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9360, 0.9415, 0.9475, 0.9720, 0.9755
Support:  0.9210, 0.9070, 0.9000, 0.8835

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.95 with targets at 120.20 next 120.55 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.95 with targets at 119.60 next 119.30 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 120.25, 120.50, 120.85, 122.05, 122.50
Support: 119.20, 118.50, 118.25, 118.00, 117.05

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2030 with targets at 1.2085 next 1.2160 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2030 with targets at 1.1955 next 1.1900 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2205, 1.2305, 1.2350, 1.2440
Support: 1.1945, 1.1900, 1.1870, 1.1795

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7960 with targets at 0.8030 next 0.8075 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7960 with targets at 0.7915 next 0.7845 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.8030, 0.8090, 0.8160, 0.8215, 0.8255, 0.8295
Support: 0.7860, 0.7800, 0.7680, 0.7650, 0.7530

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7385 with targets at 0.7450 next 0.7485 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7385 with targets at 0.7350 next 0.7280 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance:  0.7430, 0.7480, 0.7535, 0.7610, 0.7740
Support: 0.7315, 0.7275, 0.7185

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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