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Forex Technical Analysis for 05/19—05/23 Week

May 17th, 2008

EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: hold.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.5191 1.5278 1.5427 1.5514 1.5663 1.5750 1.5899
GBP/USD 1.9142 1.9252 1.9411 1.9521 1.9680 1.9790 1.9949
USD/JPY 99.75 101.17 102.61 104.03 105.47 106.89 108.33
EUR/JPY 155.15 156.88 159.49 161.22 163.83 165.56 168.17

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5294 1.5458 1.5530 1.5694 1.5766
GBP/USD 1.9252 1.9411 1.9521 1.9680 1.9790
USD/JPY 101.17 102.61 104.03 105.47 106.89
EUR/JPY 156.88 159.49 161.22 163.83 165.56

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5446 1.5511 1.5533 1.5554 1.5598 1.5619 1.5641 1.5706
GBP/USD 1.9421 1.9495 1.9520 1.9544 1.9594 1.9618 1.9643 1.9717
USD/JPY 102.49 103.27 103.54 103.80 104.32 104.58 104.85 105.63
EUR/JPY 159.70 160.90 161.29 161.69 162.49 162.89 163.28 164.48

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5588 1.9601 106.18 162.53
Support 1.5352 1.9332 103.32 158.19

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5601 1.9632 105.44 162.96
61.8% 1.5511 1.9529 104.35 161.30
50.0% 1.5483 1.9498 104.01 160.79
38.2% 1.5455 1.9466 103.67 160.28
23.6% 1.5421 1.9426 103.25 159.64
0.0% 1.5365 1.9363 102.58 158.62

4 Responses to “Forex Technical Analysis for 05/19—05/23 Week”

  1. Ahmed Fouad

    I am in with EURUSD long, targetting 1.5800 again

    Reply

  2. Andrei

    1.5800 is close enough and can be hit if PPI report will disappoint traders. But it’s far enough not to be hit on high PPI.

    Reply

  3. Daryl

    Hi, I see your fibonaci.. How about binary? can you tell me? Answer me to my email if you want. Thank you.

    Reply

  4. Andrei

    Daryl, binary what?

    Reply

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