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 1.1015 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 1.5735$ with targets at 1.5810$ next 1.5875$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5735$ with targets at 1.5670$ next 1.5600$ in extension.
GBPUSD – Daily Chart Support and Resistance levels
Resistance: 1.5805, 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 0.9370 with targets at 0.9410 next 0.9460 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9370 with targets at 0.9320 next 0.9275 in extension.
USDCHF – Daily Chart Support and Resistance levels
Resistance: 0.9415, 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 123.60 with targets at 123.95 next 124.30 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 123.60 with targets at 123.30 next 122.95 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 1.2345 with targets at 1.2410 next 1.2490 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2345 with targets at 1.2265 next 1.2195 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 0.7730 with targets at 0.7775 next 0.7815 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7730 with targets at 0.7685 next 0.7640 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 0.6890 with targets at 0.6920 next 0.6950 extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6890 with targets at 0.6855 next 0.6830 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.
