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.
| 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 |
Tags: EUR/JPY, EUR/USD, Fibonacci, GBP/USD, pivot points, technical analysis, USD/JPY
December 3rd, 2007 at 6:28 am
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
December 5th, 2007 at 9:50 am
You have a nice blog but you should create more topics, don’t you think? Anyway great forex blog
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