Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 25/06/2015

Forex Pivot Points and Forex Technical Analysis 25/06/2015

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 1.1230$ with targets at 1.1320$ next 1.1440$ in extension.

Alternatively, Short positions below the daily pivot point 1.1230$ with targets at 1.1110$ next 1.1020 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 1.5725$ with targets at 1.5780$ next 1.5860$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5725$ with targets at 1.5645$ next 1.5585$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5800, 1.5930, 1.6000 , 1.6185
Support: 1.5660, 1.5550, 1.5440, 1.5160, 1.5080, 1.5055

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9310 with targets at 0.9410 next 0.9490 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9310 with targets at 0.9235 next 0.9135 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9405, 0.9545, 0.9600, 0.9720
Support: 0.9280, 0.9150, 0.9070 

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 123.95 with targets at 124.25 next 124.65 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.95 with targets at 123.60 next 123.30 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 1.2360 with targets at 1.2445 next 1.2510 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2360 with targets at 1.2300 next 1.2215 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2425, 1.2540, 1.2565, 1.2670, 1.2785
Support: 1.2320, 1.2250, 1.2150, 1.1950, 1.1900

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7695 with targets at 0.7710 next 0.7715 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7695 with targets at 0.7695 next 0.7680 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance:0.7770,  0.7850, 0.7860, 0.8030, 0.8165
Support: 0.7670, 0.7595, 0.7550, 0.7530 

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6880 with targets at 0.6915 next 0.6940 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6880 with targets at 0.6855 next 0.6825 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: 0.6810, 0.6770, 0.6685

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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