Forex Pivot Points and Forex Technical Analysis 16/12/2014

Dec 16 2014, 08:15 GMT   Shady Bahouth

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

Bearish scenario: Short positions below the daily pivot point 1.2435$ with targets at 1.2390$ next 1.2335$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.2435$ with targets at 1.2490$ next 1.2540$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance:  1.2495, 1.2535, 1.2605, 1.2770
Support: 1.2360, 1.2240, 1.2160

GBPUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5665$ with targets at 1.5580$ next 1.5520$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5665$ with targets at 1.5725$ next 1.5810$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5757, 1.5825, 1.5875, 1.5950, 1.6025
Support: 1.5585, 1.1.5540, 1.5430, 1.5270

USDCHF – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.9660 with targets at 0.9615 next 0.9575 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9660 with targets at 0.9695 next 0.9740 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9720, 0.9820, 0.9840, 0.9890, 0.9970
Support:0.9615, 0.9595, 0.9525, 0.9470, 0.9360

USDJPY – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 118.25 with targets at 116.95 next 116.15 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 118.25 with targets at 119.05 next 120.35 in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 121.70, 122.00, 122.35
Support: 117.23, 116.80, 115.45

USDCAD – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1.1625 with targets at 1.1705 next 1.1750 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.1625 with targets at 1.1580 next 1.1500 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.1680, 1.1725, 1.1180
Support: 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 0.8225 with targets at 0.8185 next 0.8160 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8225 with targets at 0.8255 next 0.8295 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.8375, 0.8415, 0.8545, 0.8560, 0.8680
Support: 0.8200, 0.8150, 0.8065

NZDUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7750 with targets at 0.7720 next 0.7695 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7750 with targets at 0.7770 next 0.7795 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7870, 0.7925, 0.7950, 0.7980
Support: 0.7725, 0.7650, 0.7620, 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.

More Details

 

Related Articles

8 COMMENTS

  1. Presently, it looks like WordPress is the preferred blogging System readily available at this moment. (from what I’ve go through) Is the fact That which you’re utilizing on the website? Excellent post, however, I used to be wanting to know if you could possibly compose a little bit more on this subject matter?

  2. Wow! This could be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Great. I am also an expert in this topic therefore I can understand your hard work.

  3. I simply needed to say thanks once more. I do not know the things that I could possibly have followed without the entire thoughts provided by you concerning this topic. This has been a real alarming scenario for me, but discovering the specialised manner you processed the issue took me to leap over fulfillment. Extremely happier for your support and then hope you know what a great job you were putting in teaching men and women by way of your blog post. Most probably you have never met all of us.

  4. We’re a group of volunteers and opening a new scheme in our community. Your website provided us with valuable info to work on. You’ve done a formidable job and our whole community will be thankful to you.

  5. Have you ever considered writing an ebook or guest authoring
    on other websites? I have a blog based on the same topics you
    discuss and would love to have you share some stories/information. I know my visitors
    would appreciate your work. If you’re even remotely interested,
    feel free to shoot me an email.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
2,990FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles