Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 22/05/2015

Forex Pivot Points and Forex Technical Analysis 22/05/2015

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 1.1120$ with targets at 1.1170$ next 1.1230$ in extension.

Alternatively, Short positions below the daily pivot point 1.1120$ with targets at 1.1065$ next 1.1015$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1290, 1.1390, 1.1470, 1.1500, 1.1535
Support: 1.1065, 1.1055, 1.0850, 1.0715 

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5620$ with targets at 1.5735$ next 1.5815$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5620$ with targets at 1.5540$ next 1.5425$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5700, 1.5825, 1.5945, 1.5995 
Support: 1.5445, 1.5350, 1.5195, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9355 with targets at 0.9405 next 0.9430 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9355 with targets at 0.9325 next 0.9275 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9415, 0.9475, 0.9720
Support:  0.9270 ,0.9150, 0.9070, 0.9000, 0.8835

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 121.05 with targets at 121.45 next 121.90 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 121.05 with targets at 120.65 next 120.20 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 121.50, 121.70, 122.05
Support: 120.60, 120.10, 119.40, 118.85, 118.50, 118.25

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.2205 with targets at 1.2250 next 1.2300 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2205 with targets at 1.2155 next 1.2110 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2260, 1.2305, 1.2350, 1.2440
Support: 1.2160, 1.1950, 1.1900, 1.1870

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7890 with targets at 0.7920 next 0.7965 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7890 with targets at 0.7850 next 0.7815 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.8030, 0.8165, 0.8215, 0.8255, 0.8295
Support: 0.7860, 0.7800, 0.7680, 0.7650

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7335 with targets at 0.7385 next 0.7430 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7335 with targets at 0.7295 next 0.7245 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance:  0.7420, 0.7480, 0.7565, 0.7610
Support: 00.7275, 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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments