Intraday USDCAD Price Pivot for 08/21/2015

The 5-minute chart is showing two very defined pivot levels on the USD/CAD Forex pair. The 1.311 level acted first as resistance, and then as support, almost to the pip. This kind of alignment doesn't occur very frequently, but it does happen sometimes, so mark this pivot zone on your chart.

The second daily pivot area can be found at 1.314. The market had some trouble getting over this level earlier in the morning. Once price made it over 1.314, this level was then used twice as support! In my opinion,1.314 pivot area is stronger than 1.311!

The USD/CAD is currently trading above these pivots, so these price levels will very likely act as support! 


GBPAUD 30-Minute Chart Pivot Levels for 08/20/2015

The 30-minute chart on the GBP/AUD forex pair clearly shows how well respected the 2.1390 area has been in the past several trading days. This level caused quite a bit of problems yesterday as price was unable to get over it on two separate occasions. Price also used 2.1390 as support today, so this level should be watched very carefully. Price is currently trading at 2.134, so 2.139 is likely to now act as resistance again.


EURAUD 30-Minute Chart Pivot Levels for 08/17/2015

The 1.5062 area has become a major pivot zone on the EUR/AUD Forex pair. This level has provided support for price on three separate occasions since the 14th of August, and three times as resistance as well. The market is currently trading around 1.5070, so this level may act as support now! Keep an eye on this area if you are trading the EUR/AUD!!!


EURUSD 30-Minute Chart Pivot Levels for 08/17/2015

Ma favorite pivot zones are areas that have been used multiple times as both support/resistance, and the 1.1107 area on the EUR/USD Forex pair is just that! This zone acted twice as support, and twice as resistance, so a very solid pivot area that has proven itself over the past three trading days. Price is currently trading at 1.109, so the 1.1107 zone is likely to now act as resistance.


GBPJPY 15-Minute Chart Pivot Levels for 08/14/2015

The 15-minute chart on the GBP/JPY Forex pair is pretty clear about the 194.40 pivot area. This are provided quite a bit of support yesterday. When price came to 194.40 from underneath today, this level provided very solid resistance, and the market plunged as soon as it hit this level. Price is coming up to this are again today, and I think it is very likely that this level may act as resistance again, so keep an eye on it!


GBPUSD 30-Minute Chart Pivot Levels for 08/14/2015

This is porbably one of the strongest pivot levels I have seen on the GBP/USD Forex pair in a long time. The 30-minute chart clearly shows how many times the 1.5610 area has been respected as support/resistance over the past two days. This level is likely to now act as support as price is trading above this area.


EURJPY 30-Minute Chart Pivot Levels for 08/11/2015

The EUR/JPY Forex pair has been on a major rally over the past two days. Even in bull markets such as this, pivot areas do form! The 136.78 area is a very clean pivot zone in my opinion. This area was respected by the market as support/resistance, so I think it bears a mention. This area is likely to provide some support in the future, since price is currently trading above 136.78.


EURCAD Intraday Pivot Levels for 08/10/2015

The 15-minute chart on the EUR/CAD Forex pair is showing a nice pivot area at 1.44! This level was used once as support by the market, and twice as resistance. The price action around this area seems very clean, so I consider the 1.44 level a significant pivot level. If the market makes it back up to this area again, it is very probable that the 1.44 level will now act as resistance.

Gold Intraday Pivot Levels for 08/10/2015

You know you got yourself a major pivot zone when you have three touches on either side of a particular price level. The 1095.50 area is a MAJOR pivot area on XAU/USD (GOLD)! The market had a very hard time getting over this zone, and once it did, the 1095.50 price level then acted as support about three times as well. When a price level is respected this many times in such a short period: you know the "big boys" are watching it!! This level is very likely to act as support in the future, since price is now trading above this area.


GBPUSD Intraday Pivot Levels for 08/10/2015

The GBP/USD 5-minute chart clearly shows the technical significance of the 1.5478 price level. This area has been used as both - support and resistance - since the markets opened on Sunday. The pair is currently trading above this price level, so this pivot zone is likely to now act as support, if the market descends to this level over the next 24 hours.


Litecoin Technical Analysis for 08/08/2015



Digital currencies are becoming more and more liquid, and some of the major cryptocurrencies such as Litecoin/Bitcoin have become very suitable for technical analysis. I have been trading Litecoin for about two years now, and I have observed very forex-like behavior on the Litecoin charts, especially when it comes to support/resistance levels.

Price Pivot #1: $4.30

This level has been used multiple times as resistance, as well as support. I would consider this a price pivot area. Litecoin is currently trading bellow 4.30, therefore this level is likely to act as resistance now!


Price Pivot #2: $4.15

The 4.15 area does have a few more touches than the 4.30 level. I would say this zone caries a bit more weight from a technical perspective. This level was used as support on three separate occasions, and twice as support. Definitely a strong and proven pivot zone. This level is also likely to act as resistance, since price is currently trading bellow 4.15!


Price Pivot #3: $4.50

The 2-hour Litecoin chart really shines here as it cleanly shows all the instances the market bounced from 4.50 price level; four times as support; once as resistance. I consider this a major pivot area, any future market rallies will most definitely meet resistance at 4.50! Mark this one on your charts!




Chart Source: https://www.okcoin.com/market.do?symbol=1

AUDUSD Intraday Pivot Levels for 08/07/2015

Both - 0.7357 and 0.7377 - are great pivot areas on the AUD/USD forex pair, at least in my book. The 0.7377 area has acted about seven different times are resistance (orange arrows) in the past 24 hours of trading, and once as support. The 0.7357 area is not as strong of a pivot as 0.7377, but the 5-minute chart is showing that this area has been respected by the market, so it does have technical significance. Mark these two levels on your charts and look for trading opportunities in those areas.


EURJPY Pivot Levels for 08/06/2015

The 5-minute chart on the EUR/JPY forex pair is showing a nice pivot zone at 136.19. Price had trouble getting over this level earlier in the day (red arrow). Price also used the 136.19 area as support (green arrow). I now consider this level to be a valid pivot zone, so if the market descends back down to this area over the next 8-12 hours, look for trading opportunities there!

Gold Intraday Pivot Levels for 08/06/2015

I love pivot zones where everything lines up nicely. The 1086.50 level on the XAU/USD pair (Gold) is one such level. The 5-minute chart clearly shows that this area has acted as support, and also as resistance, so this level is definitely considered a pivot zone in my book.


AUDUSD Intraday Pivot Levels for 08/06/2015

The 0.7347 area seems to be a proven pivot zone on the AUD/USD. This level acted as support, twice, and then as resistance, once price broke underneath. This are could provide some resistance now, since price is now trading underneath this area.


Another Pivot Area on GBPUSD Today

Here is another nice pivot area on the GBP/USD forex pair. The 1.5627 area has been respected quite a few times over the past two days. If price comes up to 1.5627 again, there is a good chance that this level will act as resistance again.


GBPUSD Intraday Pivot Levels for 08/05/2015

The 1.5570 stands out for me as a proven pivot area on the GBP/USD forex pair. This level acted twice as support, and twice as resistance! If price does come down to 1.5570 in the next few days, this level is very likely to act as support, so mark it on your charts.


AUDUSD Intraday Pivot Levels for 08/04/2015

The 0.7400 level on the AUD/USD pair has seen quite a bit of action over the past few hours. I have marked on the chart bellow where the market made use of this area as support/resistance.


EURJPY Pivot Levels for 08/04/2015

The 135.80 price level on the EUR/JPY FX pair has been utilized as support/resistance a few times in the past 24 hours. I have marked the support instances with green arrows, and the resistance ones with red. In my experience, some of the best trade opportunities occur right off these types of pivot zones, even on the 5-minute chart. So keep an eye on 135.80!!!


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.


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!!! :)