Forex Pivot Points and Technical Analysis 25/02/2015

February 25, 2015

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1350$ with targets at 1.1270$ next 1.1195$ in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1350$ with targets at 1.1420$ next 1.1500$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1445, 1.1500, 1.1540, 1.1650, 1.1680, 1.1755, 1.1870
Support: 1.1270, 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5420$ with targets at 1.5510$ next 1.5565$ in extension.
Alternatively, Bearish Scenario: Short positions below the daily pivot point 1.5420$ with targets at 1.5365$ next 1.5275$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5485, 1.5540, 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 0.9475 with targets at 0.9550 next 0.9605 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9475 with targets at 0.9425 next 0.9345 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 119.15 with targets at 119.55 next 120.25 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 119.15 with targets at 118.50 next 118.10 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 1.2545 with targets at 1.2430 next 1.2360 in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2545 with targets at 1.2615 next 1.2730 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.26270, 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 0.7800 with targets at 0.7865 next 0.7900 in extension.
Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7800 with targets at 0.7770 next 0.7705 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7880, 0.8035, 0.8090, 0.8160, 0.8295, 0.8375
Support: 0.7625, 0.7580, 0.7460

NZDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7515 with targets at 0.7495 next 0.7460 in extension.
Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7515 with targets at 0.7550 next 0.7570 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7575, 0.7610, 0.7670, 0.7795, 0.7890
Support:  0.7450, 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.
 

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