Forex Technical Analysis for 12/03-12/07 Week
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
Floor Pivot Points: | |||||||
---|---|---|---|---|---|---|---|
Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
EUR/USD | 1.4258 | 1.4443 | 1.4537 | 1.4722 | 1.4816 | 1.5001 | 1.5095 |
GBP/USD | 2.0154 | 2.0343 | 2.0453 | 2.0642 | 2.0752 | 2.0941 | 2.1051 |
USD/JPY | 104.52 | 105.87 | 108.53 | 109.88 | 112.54 | 113.89 | 116.55 |
EUR/JPY | 155.66 | 157.51 | 160.13 | 161.98 | 164.60 | 166.45 | 169.07 |
Woodie's Pivot Points: | |||||
---|---|---|---|---|---|
Pair | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
EUR/USD | 1.4420 | 1.4492 | 1.4699 | 1.4771 | 1.4978 |
GBP/USD | 2.0343 | 2.0453 | 2.0642 | 2.0752 | 2.0941 |
USD/JPY | 105.87 | 108.53 | 109.88 | 112.54 | 113.89 |
EUR/JPY | 157.51 | 160.13 | 161.98 | 164.60 | 166.45 |
Camarilla Pivot Points: | ||||||||
---|---|---|---|---|---|---|---|---|
Pair | 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
EUR/USD | 1.4478 | 1.4554 | 1.4580 | 1.4605 | 1.4657 | 1.4682 | 1.4708 | 1.4784 |
GBP/USD | 2.0398 | 2.0480 | 2.0507 | 2.0535 | 2.0589 | 2.0617 | 2.0644 | 2.0726 |
USD/JPY | 108.99 | 110.10 | 110.46 | 110.83 | 111.57 | 111.94 | 112.30 | 113.41 |
EUR/JPY | 160.28 | 161.51 | 161.92 | 162.33 | 163.15 | 163.56 | 163.97 | 165.20 |
Tom DeMark's Pivot Points: | ||||
---|---|---|---|---|
Pair: | EUR/USD | GBP/USD | USD/JPY | EUR/JPY |
Resistance: | 1.4769 | 2.0847 | 113.22 | 165.53 |
Support: | 1.4490 | 2.0548 | 109.21 | 161.06 |
Fibonacci Retracement Levels: | ||||
---|---|---|---|---|
Pairs | EUR/USD | GBP/USD | USD/JPY | EUR/JPY |
100.0% | 1.4907 | 2.0832 | 111.22 | 163.84 |
61.8% | 1.4800 | 2.0718 | 109.69 | 162.13 |
50.0% | 1.4768 | 2.0683 | 109.22 | 161.61 |
38.2% | 1.4735 | 2.0647 | 108.74 | 161.08 |
23.6% | 1.4694 | 2.0604 | 108.16 | 160.42 |
0.0% | 1.4628 | 2.0533 | 107.21 | 159.37 |
Labels: eur/jpy, eur/usd, fibonacci, forex technical analysis, gbp/usd, pivot points, usd/jpy
2 Comments:
Although I am a longer term EUR bull I like the pair for a short term sell here. I would look for it to get held up around 1.44 though as that is the 50 day SMA converging with the lower bollinger band on the daily chart.
Best,
Dave
InformedTrades
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