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 1.1400$ next 1.1455$ in extension.
Alternatively, Short positions below the daily pivot point 1.1355$ with targets at 1.1300$ next 1.1255 in extension.
EURUSD – Daily Chart Support and Resistance levels
Resistance: 1.1350, 1.1470, 1.1500, 1.1680
Support: 1.1150, 1.1130, 1.1030, 1.1005, 1.0885
GBPUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5845$ with targets at 1.5890$ next 1.5955$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5845$ with targets at 1.5780$ next 1.5740$ in extension.
GBPUSD – Daily Chart Support and Resistance levels
Resistance: 1.5930, 1.6000 , 1.6185
Support: 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 0.9200 with targets at 0.9245 next 0.9270 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9200 with targets at 0.9175 next 0.9140 in extension.
USDCHF – Daily Chart Support and Resistance levels
Resistance: 0.9300, 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 123.15 with targets at 123.70 next 124.00 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 123.15 with targets at 122.85 next 122.25 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 1.2285 with targets at 1.2355 next 1.2400 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2285 with targets at 1.2245 next 1.2175 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 0.7760 with targets at 0.7815 next 0.7905 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7760 with targets at 0.7675 next 0.7620 in extension.
AUDUSD – Daily Chart Support and Re​sistance 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 0.6915 with targets at 0.6965 next 0.7065 extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6915 with targets at 0.6815 next 0.6760 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: 0.6830, 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.
