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 1.1355$ with targets at 1.1415$ next 1.1505$ in extension.
Alternatively, Short positions below the daily pivot point 1.1355$ with targets at 1.1265$ next 1.1205$ in extension.
EURUSD – Daily Chart Support and Resistance levels
Resistance: 1.1470, 1.1500, 1.1535
Support: 1.1130, 1.1065, 1.1055, 1.0850
GBPUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5680$ with targets at 1.5720$ next 1.5780$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5680$ with targets at 1.5620$ next 1.5580$ in extension.
GBPUSD – Daily Chart Support and Resistance levels
Resistance: 1.5825, 1.5945, 1.5995
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 0.9225 with targets at 0.9300 next 0.9340 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9225 with targets at 0.9190 next 0.9115 in extension.
USDCHF – Daily Chart Support and Resistance levels
Resistance: 0.9300, 0.9360, 0.9415, 0.9475, 0.9720
Support: 0.9150, 0.9070, 0.9000, 0.8835
USDJPY – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 119.75 with targets at 120.20 next 120.45 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 119.75 with targets at 119.50 next 119.05 in extension.
USDJPY – Daily Chart Support and Resistance levels
Resistance: 120.25, 120.50, 120.85, 122.05
Support: 118.85, 118.50, 118.25, 118.00, 117.05
USDCAD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.2110 with targets at 1.2205 next 1.2270 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2110 with targets at 1.2050 next 1.1950 in extension.
USDCAD – Daily Chart Support and Resistance levels
Resistance: 1.2170, 1.2205, 1.2305, 1.2350, 1.2440
Support: 1.1950, 1.1900, 1.1870, 1.1795
AUDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.8005 with targets at 0.8035 next 0.8075 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8005 with targets at 0.7965 next 0.7930 in extension.
AUDUSD – Daily Chart Support and Resistance levels
Resistance: 0.8030, 0.8165, 0.8215, 0.8255, 0.8295
Support: 0.7945, 0.7860, 0.7800, 0.7680, 0.7650
NZDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7395 with targets at 0.7430 next 0.7485 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7395 with targets at 0.7340 next 0.7305 in extension.
NZDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7480, 0.7565, 0.7610, 0.7740
Support: 0.7350, 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.
