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 1.0935$ with targets at 1.1005$ next 1.1045$ in extension.
Alternatively, Short positions below the daily pivot point 1.0935$ with targets at 1.0895$ next 1.0825$ in extension.
EURUSD – Daily Chart Support and Resistance levels
Resistance: 1.1070, 1.1130, 1.1290, 1.1390, 1.1470
Support: 1.0820, 1.0715, 1.0610
GBPUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.5320$ with targets at 1.5380$ next 1.5450$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5320$ with targets at 1.5255$ next 1.5195$ in extension.
GBPUSD – Daily Chart Support and Resistance levels
Resistance: 1.5445, 1.5700, 1.5825, 1.5945, 1.5995
Support: 1.5260, 1.5195, 1.5080, 1.5055
USDCHF – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.9450 with targets at 0.9495 next 0.9560 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9450 with targets at 0.9380 next 0.9335 in extension.
USDCHF – Daily Chart Support and Resistance levels
Resistance: 0.9545, 0.9600, 0.9720
Support: 0.9400, 0.9360, 0.9270, 0.9150
USDJPY – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 123.90 with targets at 124.35 next 124.90 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 123.90 with targets at 123.40 next 122.95 in extension.
USDJPY – Daily Chart Support and Resistance levels
Resistance: 124.50, 125.00
Support: 123.30, 122.50, 122.05, 121.90, 121.45, 120.60, 120.10
USDCAD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 1.2460 with targets at 1.2505 next 1.2580 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2460 with targets at 1.2380 next 1.2340 in extension.
USDCAD – Daily Chart Support and Resistance levels
Resistance: 1.2540, 1.2565
Support: 1.2305, 1.2205, 1.2160, 1.1950, 1.1900, 1.1870
AUDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7680 with targets at 0.7740 next 0.7825 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7680 with targets at 0.7595 next 0.7530 in extension.
AUDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7800, 0.7860, 0.8030, 0.8165, 0.8215, 0.8255
Support: 0.7670, 0.7650
NZDUSD – Day Trading Strategies
Bullish scenario: Long positions above the daily pivot point 0.7195 with targets at 0.7255 next 0.7335 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7195 with targets at 0.7120 next 0.7055 in extension.
NZDUSD – Daily Chart Support and Resistance levels
Resistance: 0.7185, 0.7280, 0.7315, 0.7390, 0.7420, 0.7480, 0.7565
Support: 0.7125, 0.7080, 0.6970
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.
