Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 25/05/2015

Forex Pivot Points and Forex Technical Analysis 25/05/2015

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 1.1070$ 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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments