Forex Pivot Points and Technical Analysis 16/01/2015

January 16, 2015

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1665$ with targets at 1.1540$ next 1.1440$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1665$ with targets at 1.1760$ next 1.1890$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1775, 1.1870, 1.2000, 1.2165,1.2250, 1.2300, 1.2350
Support: 1.1550, 1.1480, 1.1420

GBPUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.5200$ with targets at 1.5250$ next 1.5325$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.5200$ with targets at 1.5130$ next 1.5075$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5270, 1.5485, 1.5540, 1.5620, 1.5680, 1.5785, 1.5825
Support: 1.5030, 1.5000 , 1.4970, 1.4880

USDCHF - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8670 with targets at 0.8215 next 0.7880 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8670 with targets at 0.900 next 0.9460 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.8700, 0.8740, 0.8800, 0.8860, 0.8900
Support: 0.8565, 0.8520, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 116.65 with targets at 115.40 next 114.60 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 116.65 with targets at 117.40 next 118.70 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 118.05, 119.96, 120.75, 121.70, 122.00, 122.35
Support: 116.05, 115.50

USDCAD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1920 with targets at 1.2035 next 1.2110 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1920 with targets at 1.1840 next 1.1725 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 1.2020, 1.2080, 1.2120, 1.2170, 1.2205
Support: 1.1795, 1.1670, 1.1560, 1.1500 

AUDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.8215 with targets at 0.8300 next 0.8380 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.8215 with targets at 0.8140 next 0.8055 in extension.

AUDUSD - Daily Chart Support and Resistance levels

Resistance: 0.8295, 0.8375, 0.8415, 0.8545, 0.8560, 0.8640 
Support: 0.8155, 0.8030, 0.7970, 0.7880, 0.7830, 0.7780 

NZDUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.7810 with targets at 0.7920 next 0.8000 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7810 with targets at 0.7730 next 0.7620 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7870, 0.7925, 0.7950, 0.7980
Support: 0.7660, 0.7605, 0.7575, 0.7480

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 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...
February 27, 2017
Gold reached three-month highs
Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...
February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...

Larson&Holz IT Ltd Rating
FOREX.com Rating
NPBFX Rating
OANDA Rating
Orbex Rating
Cms Trader Rating

Empire Option Rating
Anyoption Rating
TropicalTrade Rating
24option Rating
Binary Brokerz Rating
OptionFair Rating