Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 26/06/2015

Forex Pivot Points and Forex Technical Analysis 26/06/2015

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 1.1015 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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments