Home Forex Analysis And Forecasts Forex Pivot Points and Forex Technical Analysis 29/06/2015

Forex Pivot Points and Forex Technical Analysis 29/06/2015

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 1.1200$ with targets at 1.1275$ next 1.1420$ in extension.

Alternatively, Short positions below the daily pivot point 1.1200$ with targets at 1.1060$ next 1.0985 in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance: 1.1050, 1.1150, 1.1285, 1.1350, 1.1470, 1.1500
Support: 1.1005, 1.0950, 1.0885

GBPUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5710$ with targets at 1.5750$ next 1.5810$ in extension.

Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5710$ with targets at 1.5655$ next 1.5615$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5815, 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 0.9255 with targets at 0.9360 next 0.9405 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9370 with targets at 0.9285 next 0.9255 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 123.65 with targets at 124.05 next 124.40 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 123.65 with targets at 123.30 next 122.85 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 1.2330 with targets at 1.2370 next 1.2435 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2330 with targets at 1.2260 next 1.2220 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 0.7670 with targets at 0.7710 next 0.7775 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7670 with targets at 0.7605 next 0.7565 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7670, 0.7770,  0.7850, 0.7860, 0.8030
Support: 0.7595, 0.7550, 0.7530 

NZDUSD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.6845 with targets at 0.6875 next 0.6925 extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.6845 with targets at 0.6795 next 0.6765 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.6925, 0.6940, 0.7025, 0.7075, 0.7205, 0.7280
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.

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