EUR/USD Technical Analysis for the 7/9-7/13 Week
General trend: bearish.
| Floor Pivot Points: | ||||||
|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.3419 | 1.3473 | 1.3550 | 1.3604 | 1.3681 | 1.3735 | 1.3812 |
| Woodie’s Pivot Points: | ||||
|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| 1.3479 | 1.3561 | 1.3610 | 1.3692 | 1.3741 |
| Camarilla Pivot Points: | |||||||
|---|---|---|---|---|---|---|---|
| 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
| 1.3554 | 1.3590 | 1.3602 | 1.3614 | 1.3638 | 1.3650 | 1.3662 | 1.3698 |
| Tom DeMark’s Pivot Points: | |
|---|---|
| Resistance: | 1.3643 |
| Support: | 1.3512 |
| Fibonacci Retracement Levels: | |
|---|---|
| 100.0% | 1.3659 |
| 61.8% | 1.3609 |
| 50.0% | 1.3594 |
| 38.2% | 1.3578 |
| 23.6% | 1.3559 |
| 0.0% | 1.3528 |
Tags: EUR/USD, forecast, Forex, technical analysis
July 8th, 2007 at 10:16 am
Can this technical analysis be converted a system to be live traded?
Regards
Yanni
http://www.myfxreport.com
July 8th, 2007 at 1:28 pm
Of course it can be converted into a trading system. But to make such a system successful it will have to make it slightly more complicated than buy/sell on resistance/support levels.