Forex Pivot Points and Technical Analysis 29/12/2014

December 29, 2014

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2185$ with targets at 1.2150$ next 1.2130$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2185$ with targets at 1.2205$ next 1.2240$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance:  1.2250, 1.2300, 1.2350, 1.2400, 1.2500, 1.2570
Support: 1.2160, 1.2040, 1.1970

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5545$ with targets at 1.5610$ next 1.5670$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5545$ with targets at 1.5485$ next 1.5420$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5680, 1.5785, 1.5825, 1.5875, 1.5950
Support: 1.5485, 1.5430, 1.5270

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9860 with targets at 0.9890 next 0.9910 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9860 with targets at 0.9840 next 0.9810 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance0.9890, 0.9970 , 1.0000
Support: 0.9815, 0.9740, 0.9650, 0.9595, 0.9550, 0.9525

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 120.25 with targets at 120.60 next 120.80 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 120.25 with targets at 120.05 next 119.70 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 120.85, 121.70, 122.00, 122.35
Support: 119.90, 118.60, 117.20, 115.50, 113.85

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1615 with targets at 1.1640 next 1.1665 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1615 with targets at 1.1590 next 1.1565 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.1680, 1.1725, 1.1180
Support: 1.1560, 1.1500, 1.1370, 1.1310, 1.1290, 1.1180, 1.1120

AUDUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8115 with targets at 0.8080 next 0.8055 in extension.

Alternatively Bullish scenario: Long positions above the daily pivot point 0.8115 with targets at 0.8140 next 0.8170 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8215, 0.8275, 0.8375, 0.8415, 0.8545, 0.8560, 0.8640 
Support: 0.8080, 0.8065, 0.7970  

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7745 with targets at 0.7760 next 0.7780 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7745 with targets at 0.7725 next 0.7710 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7795, 0.7870, 0.7925, 0.7950, 0.7980
Support: 0.7680, 0.7605, 0.7575

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.

Publication source
STOCK.com information  STOCK.com reviews

February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

Vantage FX Rating
Fort Financial Services Rating
EXNESS Rating
Tickmill Rating
Grand Capital Rating
FIBO Group Rating

Binary.com Rating
Dragon Options Rating
OptionFair Rating
Anyoption Rating
Migesco Rating
UKoptions Rating