Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 29/05/2015

Forex Pivot Points and Forex Technical Analysis 29/05/2015

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 1.0935$ 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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments