Forex Technical Analysis for 08/25—08/29 Week

EUR/USD trend: sell.
GBP/USD trend: sell.
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 1.4446 1.4561 1.4677 1.4792 1.4908 1.5023 1.5139
GBP/USD 1.8379 1.8442 1.8484 1.8547 1.8589 1.8652 1.8694
USD/JPY 106.28 107.20 108.63 109.55 110.98 111.90 113.33
EUR/JPY 158.08 159.13 160.98 162.03 163.88 164.93 166.78

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.4561 1.4677 1.4792 1.4908 1.5023
GBP/USD 1.8442 1.8484 1.8547 1.8589 1.8652
USD/JPY 107.20 108.63 109.55 110.98 111.90
EUR/JPY 159.13 160.98 162.03 163.88 164.93

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.4665 1.4728 1.4750 1.4771 1.4813 1.4834 1.4856 1.4919
GBP/USD 1.8468 1.8497 1.8507 1.8516 1.8536 1.8545 1.8555 1.8584
USD/JPY 108.76 109.40 109.62 109.83 110.27 110.48 110.70 111.34
EUR/JPY 161.23 162.02 162.29 162.55 163.09 163.35 163.62 164.42

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4990 1.8805 111.44 164.41
Support 1.4711 1.8516 109.09 161.51

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4908 1.8610 110.48 163.09
61.8% 1.4820 1.8570 109.58 161.98
50.0% 1.4793 1.8558 109.31 161.64
38.2% 1.4765 1.8545 109.03 161.30
23.6% 1.4732 1.8530 108.68 160.87
0.0% 1.4677 1.8505 108.13 160.19

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2 Responses to “Forex Technical Analysis for 08/25—08/29 Week”

  1. Ndubuisi Says:

    Thanks a lot for your indept analysis. I would like to know if there is any specific price level for entry point & exit point for maximum profit with your analysis.

  2. Andrei Says:

    It’s best to enter the positions when the price breaks through a pivot or support/resistance point.

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