Pages Navigation Menu

Forex Pivot Points and Technical Analysis 19 November 2014

Forex Pivot Points and Technical Analysis 19 November 2014
Nov 19 2014, 07:18 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

Bullish scenario: Long positions above the daily pivot point 1.2520$ with targets at 1.2590$ next 1.2655$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1.2520$ with targets at 1.2460$ next 1.2385$ in extension.

EURUSD – Daily Chart Support and Resistance levels

Resistance:  1.2580, 1.2615, 1.2770, 1.2840, 1.2890
Support:  1.2510, 1.2400, 1.2355, 1.2325, 1.2240

GBPUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.5660$ with targets at 1.5585$ next 1.5545$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.5660$ with targets at 1.5705$ next 1.5780$ in extension.

GBPUSD – Daily Chart Support and Resistance levels

Resistance: 1.5740, 1.5790, 1.5950, 1.6025, 1.6185
Support: 1.5590, 1.5570, 1.5430, 1.5270

USDCHF – Day Trading Strategies

Bearish Scenario: Short positions below the daily pivot point 0.9595 with targets at 0.9540 next 0.9495 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.9595 with targets at 0.9640 next 0.9700 in extension.

USDCHF – Daily Chart Support and Resistance levels

Resistance: 0.9700, 0.9750, 0.9790, 0.9840
Support:  0.9550, 0.9470, 0.9360, 0.9300

USDJPY – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 116.75 with targets at 117.20  next 117.50 in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 116.75 with targets at 116.45 next  116.05  in extension.

USDJPY – Daily Chart Support and Resistance levels

Resistance: 117.50 , 118.00, 118.35, 119.00
Support: 115.45, 113.80, 112.45, 110.10, 109.45

USDCAD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.1325 with targets at 1.1255 next 1.1195 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.1325 with targets at 1.1390 next 1.1455 in extension.

USDCAD – Daily Chart Support and Resistance levels

Resistance: 1.1405, 1.1470, 1.1500, 1.1545
Support:  1.1255, 1.1180, 1.1120

AUDUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.8710 with targets at 0.8680 next 0.8650 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.8710 with targets at 0.8745 next 0.8775 in extension.

AUDUSD – Daily Chart Support and Resistance levels

Resistance: 0.8880, 0.8900, 0.8985, 0.9110
Support: 0.8640, 0.8600, 0.8535, 0.8480

NZDUSD – Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 0.7925 with targets at 0.7880 next 0.7850 in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 0.7925 with targets at 0.7955 next 0.8005 in extension.

NZDUSD – Daily Chart Support and Resistance levels

Resistance: 0.7980, 0.8035, 0.8070, 0.8130, 0.8230
Support: 0.7840, 0.7700, 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


 


  • Leave a Comment

    Your email address will not be published. Required fields are marked *