Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 19/06/2015

Forex Pivot Points and Forex Technical Analysis 19/06/2015

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 1.1380$ with targets at 1.1425$ next 1.1480$ in extension.

Alternatively, Short positions below the daily pivot point 1.1380$ with targets at 1.1325$ next 1.1280 in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1470, 1.1500, 1.1680
Support: 1.1280, 1.1150, 1.1130, 1.1030, 1.1005, 1.0885

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5870$ with targets at 1.5935$ next 1.5995$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5870$ with targets at 1.5815$ next 1.5745$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5825, 1.5945, 1.5995 , 1.6185
Support: 1.5815, 1.5700, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9205 with targets at 0.9255 next 0.9300 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9205 with targets at 0.9160 next 0.9110 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9275, 0.9405, 0.9545, 0.9600, 0.9720
Support: 0.9150, 0.9070 

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 123.00 with targets at 123.60 next 124.20 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.00 with targets at 122.40 next 121.85 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 124.60, 125.05, 125.80, 126.30
Support: 122.40, 122.05, 121.90, 121.45 

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2200 with targets at 1.2275 next 1.2325 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2200 with targets at 1.2150 next 1.2075 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2365, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2150, 1.1950, 1.1900

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7785 with targets at 0.7855 next 0.7925 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7785 with targets at 0.7715 next 0.7645 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7850, 0.7860, 0.8030, 0.8165
Support: 0.7715, 0.7670, 0.7595, 0.7550, 0.7530

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6930 with targets at 0.7000 next 0.7080 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6930 with targets at 0.6845 next 0.6775 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.6940, 0.7025, 0.7075, 0.7205, 0.7280, 0.7315, 0.7390, 0.7420
Support: 0.6850, 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.

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