Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 17/06/2015

Forex Pivot Points and Forex Technical Analysis 17/06/2015

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 1.1190$ 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.
 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments