Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 16/03/2015

Forex Pivot Points and Forex Technical Analysis 16/03/2015

Mar 16 2015, 05:48 GMT   Shady Bahouth

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

Bearish scenario: Short positions below the daily pivot point 1.0530$ with targets at 1.0425$ next 1.0355$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.0530$ with targets at 1.0595$ next 1.0700$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.0720, 1.0840, 1.1115, 1.1270, 1.1445, 1.1500, 1.1540
Support: 1.0460, 1.0385, 1.0320, 1.0280, 1.0160

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.4770$ with targets at 1.4845$ next 1.4965$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.4770$ with targets at 1.4650$ next 1.4575$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.4950, 1.5195, 1.5315, 1.5480, 1.5555, 1.5620, 1.5785
Support: 1.4695 , 1.4570, 1.4415

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.0050 with targets at 1.0120 next 1.0200 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.0050 with targets at 0.9975 next 0.9905 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 1.0130, 1.0240, 1.0300
Support: 0.9890, 0.9795, 0.9535, 0.9450, 0.9345, 0.9165

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 121.20 with targets at 121.75 next 122.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 121.20 with targets at 120.75 next 120.20 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 122.05, 122.50, 123.00
Support: 120.65, 120.25, 119.35, 118.25, 118.00

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2760 with targets at 1.2830 next 1.2895 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2760 with targets at 1.2695 next 1.2625 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2825, 1.2920, 1.3000
Support: 1.2700, 1.2615, 1.2565, 1.2350, 1.2045, 1.2020

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7640 with targets at 0.7710 next 0.7800 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7640 with targets at 0.7555 next 0.7485 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7740, 0.7860, 0.7915, 0.8035, 0.8090
Support: 0.7550, 0.7460, 0.7380

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7350 with targets at 0.7410 next 0.7505 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7350 with targets at 0.7255 next 0.7190 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7450, 0.7500, 0.7615
Support: 0.7310, 0.7175, 0.7120, 0.7080

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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments