Forex Pivot Points and Technical Analysis 13/02/2015

February 13, 2015

EURUSD - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1375$ with targets at 1.1450$ next 1.1500$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1375$ with targets at 1.1330$ next 1.1255$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1500, 1.1540, 1.1650, 1.1680, 1.1755, 1.1870, 1.2000
Support: 1.1270, 1.1115, 1.1080 , 1.1020, 1.0980

GBPUSD - Day Trading Strategies

Bearish Scenario: Short positions below the daily pivot point 1.5340$ with targets at 1.5260$ next 1.5135$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5340$ with targets at 1.5465$ next 1.5545$ in extension.

GBPUSD - Daily Chart Support and Resistance levels

Resistance: 1.5485, 1.5540, 1.5620, 1.5680, 1.5785
Support: 1.5355, 1.5195, 1.4990, 1.4950, 1.4880, 1.4770

USDCHF - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 0.9295 with targets at 0.9340 next 0.9380 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.9295 with targets at 0.9260 next 0.9215 in extension.

USDCHF - Daily Chart Support and Resistance levels

Resistance: 0.9345, 0.9550
Support: 0.8835, 0.8495, 0.8325, 0.8270

USDJPY - Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 119.25 with targets at 120.05 next 121.15 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 119.25 with targets at 118.15 next 117.40 in extension.

USDJPY - Daily Chart Support and Resistance levels

Resistance: 120.50, 120.75, 121.70
Support: 118.30, 116.85, 115.85, 115.50

USDCAD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.2530 with targets at 1.2415 next 1.2325 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2530 with targets at 1.2625 next 1.2740 in extension.

USDCAD - Daily Chart Support and Resistance levels

Resistance: 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 0.7725 with targets at 0.7805 next 0.7860 in extension. 

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7725 with targets at 0.7670 next 0.7590 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

Bullish scenario: Long positions above the daily pivot point 0.7410 with targets at 0.7505 next 0.7580 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 0.7410 with targets at 0.7335 next 0.7235 in extension.

NZDUSD - Daily Chart Support and Resistance levels

Resistance: 0.7495, 0.7610, 0.7670, 0.7795, 0.7890
Support:  0.7325, 0.7290, 0.7190, 0.7170, 0.7080, 0.7000 

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
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