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 1.1070$ with targets at 1.1145$ next 1.1280$ in extension.
Alternatively, Short positions below the daily pivot point 1.1070$ with targets at 1.0935$ next 1.0865$ in extension.
EURUSD – Daily Chart Support and Resistance levels
Resistance: 1.1070, 1.1130, 1.1290, 1.1390, 1.1470
Support: 1.0950, 1.0850, 1.0715
GBPUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5540$ with targets at 1.5620$ next 1.5775$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5540$ with targets at 1.5390$ next 1.5305$ 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 0.9375 with targets at 0.9470 next 0.9550 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9375 with targets at 0.9295 next 0.9200 in extension.
USDCHF – Daily Chart Support and Resistance levels
Resistance: 0.9475, 0.9600, 0.9720
Support: 0.9360 ,0.9270, 0.9150, 0.9070
USDJPY – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 121.20 with targets at 121.75 next 122.15 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 121.20 with targets at 120.80 next 120.25 in extension.
USDJPY – Daily Chart Support and Resistance levels
Resistance: 121.80, 122.05, 122.55
Support: 120.60, 120.10, 119.40, 118.85, 118.50
USDCAD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.2250 with targets at 1.2330 next 1.2400 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2250 with targets at 1.2180 next 1.2100 in extension.
USDCAD – Daily Chart Support and Resistance levels
Resistance: 1.2350, 1.2440, 1.2500, 1.2565
Support: 1.2205, 1.2160, 1.1950, 1.1900, 1.1870
AUDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7850 with targets at 0.7895 next 0.7980 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7850 with targets at 0.7765 next 0.7720 in extension.
AUDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7860, 0.8030, 0.8165, 0.8215, 0.8255
Support: 0.7800, 0.7680, 0.7650
NZDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7325 with targets at 0.7360 next 0.7430 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7325 with targets at 0.7255 next 0.7220 in extension.
NZDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7390, 0.7420, 0.7480, 0.7565
Support: 0.7300, 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.
