Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 27/02/2015

Forex Pivot Points and Forex Technical Analysis 27/02/2015

Feb 27 2015, 08:40 GMT   Shady Bahouth

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

Bearish scenario: Short positions below the daily pivot point 1.1255$ with targets at 1.1130$ next 1.1060$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1255$ with targets at 1.1325$ next 1.1450$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1270, 1.1445, 1.1500, 1.1540, 1.1650, 1.1680
Support: 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5455$ with targets at 1.5515$ next 1.5610$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5455$ with targets at 1.5355$ next 1.5295$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5555, 1.5620, 1.5680, 1.5785
Support: 1.5315, 1.5195, 1.4990, 1.4950, 1.4880, 1.4770

USDCHF – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9505 with targets at 0.9565 next 0.9605 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9505 with targets at 0.9470 next 0.9410 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9550, 0.9795
Support:0.9345, 0.9165, 0.8835, 0.8495, 0.8325, 0.8270

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.20 with targets at 119.70 next 120.00 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.20 with targets at 118.85 next 118.35 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 119.85, 120.50, 120.75, 121.70
Support: 118.25, 118.00, 116.85, 115.85, 115.50

USDCAD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2475 with targets at 1.2420 next 1.2330 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2475 with targets at 1.2565 next 1.2625 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.2670, 1.2700, 1.2790, 1.2810, 1.2920, 1.3000
Support: 1.2350, 1.2045, 1.2020, 1.1875, 1.1795, 1.1670 

AUDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7835 with targets at 0.7880 next 0.7960 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7835 with targets at 0.7755 next 0.7705 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7915, 0.8035, 0.8090, 0.8160, 0.8295, 0.8375
Support: 0.7739, 0.7625, 0.7580, 0.7460

NZDUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7555 with targets at 0.7495 next 0.7455 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7555 with targets at 0.7595 next 0.7655 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7610, 0.7670, 0.7795, 0.7890
Support:  0.7420, 0.7325, 0.7290, 0.7190, 0.7170, 0.7080

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.

More Details

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments