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 1.1190$ with targets at 1.1180$ next 1.1315$ in extension.
Alternatively, Short positions below the daily pivot point 1.1190$ with targets at 1.1055$ next 1.1065$ in extension.
EURUSD – Daily Chart Support and Resistance levels
Resistance: 1.1390, 1.1470, 1.1500, 1.1680
Support: 1.1150, 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 1.5610$ with targets at 1.5680$ next 1.5725$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5610$ with targets at 1.5565$ next 1.5495$ in extension.
GBPUSD – Daily Chart Support and Resistance levels
Resistance: 1.5655, 1.5700, 1.5825, 1.5945, 1.5995
Support: 1.5440, 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 0.9325 with targets at 0.9375 next 0.9435 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9325 with targets at 0.9265 next 0.9215 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 123.45 with targets at 124.10 next 125.75 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 123.45 with targets at 122.80 next 122.80 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 1.2350 next 1.2400 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2305 with targets at 1.2255 next 1.2215 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 0.7750 with targets at 0.7775 next 0.7810 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7750 with targets at 0.7715 next 0.7690 in extension.
AUDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7795, 0.7820, 0.7845, 0.7860, 0.8030, 0.8165
Support: 0.7670, 0.7595, 0.7550, 0.7530
NZDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.6980 with targets at 0.7020 next 0.7065 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6980 with targets at 0.6940 next 0.6900 in extension.
NZDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7025, 0.7075, 0.7205, 0.7280, 0.7315, 0.7390, 0.7420
Support: 0.6945, 0.6810 , 0.6770
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.
