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Monday, August 3, 2015

EURAUD Pivot Zone for 08/03/2015

The 15-minute chart shows a pretty clear-cut case for the 1.4350 level on the EUR/AUD pair. This area has been used extensively as resistance/support. Price has been supported by the 1.4350 level about three times in the past 24 hours, so I would say this area is of technical importance.

USDJPY Intraday Pivot Levels for 08/03/2015

The 124.19 level on the USD/JPY forex pair has been used quite extensively in the past few hours. Twice as support, and twice as resistance. A very solid intraday price pivot in my book! If price does comeback to 124.19 in the future, this level will most likely act as resistance again.

Sunday, August 2, 2015

EURUSD Pivot Levels for 08/02/2015

Major Pivot:

The 1.0960 area has been used as resistance on the 31st of July, and then as support on the same day.

Minor Pivots:

I consider both of these levels - 1.1040 and 1.1068 - to be minor pivot areas, as they are mostly visible only on the 5-minute charts. The charts show that both of these areas were clearly respected by the market! If you trade the lower time frames, make sure to watch for trading opportunities off these levels, I know I will be!!! :)

Friday, July 31, 2015

Intraday AUDUSD Price Pivot for 07/31/2015

The 0.7309 price level on the AUD/USD has now been used as support and resistance. A pretty clean-looking pivot in my view, so mark this area on your charts.

Intraday USDCAD Price Pivot for 07/31/2015

The 1.3030 level has been respected by the market as both - support (green arrows) and resistance (red arrow) - so I consider this level a price pivot area. In my experience, some of the best trades occur at established pivot areas, so keep an eye on 1.3030!

Intraday GBPUSD Price Pivot for 07/31/2015

Thursday, July 30, 2015

Intraday AUDUSD Price Pivot for 07/30/2015

The 0.7286 level has been used by the market extensively over the past 24 hours. This level has provided support (green arrows) on three separate occasions. The market then had a very tough time getting over this area just a few hours ago (red arrow), so this level is pretty well established by now. The 0.7286 zone should be watched very carefully!!