EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2839 | 1.2945 | 1.3119 | 1.3225 | 1.3399 | 1.3505 | 1.3679 |
| GBP/USD | 1.5471 | 1.5582 | 1.5774 | 1.5885 | 1.6077 | 1.6188 | 1.6380 |
| USD/JPY | 82.80 | 83.91 | 84.65 | 85.76 | 86.50 | 87.61 | 88.35 |
| EUR/JPY | 111.07 | 111.83 | 112.66 | 113.42 | 114.25 | 115.01 | 115.84 |
| GBP/JPY | 132.98 | 134.23 | 135.27 | 136.52 | 137.56 | 138.81 | 139.85 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| EUR/USD | 1.2962 | 1.3152 | 1.3242 | 1.3432 | 1.3522 |
| GBP/USD | 1.5602 | 1.5814 | 1.5905 | 1.6117 | 1.6208 |
| USD/JPY | 83.82 | 84.47 | 85.67 | 86.32 | 87.52 |
| EUR/JPY | 111.85 | 112.71 | 113.44 | 114.30 | 115.03 |
| GBP/JPY | 134.18 | 135.18 | 136.47 | 137.47 | 138.76 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| Pair | 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
| EUR/USD | 1.3138 | 1.3215 | 1.3241 | 1.3266 | 1.3318 | 1.3343 | 1.3369 | 1.3446 |
| GBP/USD | 1.5798 | 1.5882 | 1.5909 | 1.5937 | 1.5993 | 1.6021 | 1.6048 | 1.6132 |
| USD/JPY | 84.37 | 84.88 | 85.05 | 85.22 | 85.56 | 85.73 | 85.90 | 86.41 |
| EUR/JPY | 112.63 | 113.06 | 113.21 | 113.35 | 113.65 | 113.79 | 113.94 | 114.37 |
| GBP/JPY | 135.06 | 135.69 | 135.90 | 136.11 | 136.53 | 136.74 | 136.95 | 137.58 |
| Tom DeMark’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | EUR/USD | GBP/USD | USD/JPY | EUR/JPY | GBP/JPY |
| Resistance | 1.3452 | 1.5981 | 87.06 | 114.63 | 137.04 |
| Support | 1.3172 | 1.5678 | 85.21 | 113.04 | 134.75 |
| Fibonacci Retracement Levels | |||||
|---|---|---|---|---|---|
| Pairs | EUR/USD | GBP/USD | USD/JPY | EUR/JPY | GBP/JPY |
| 100.0% | 1.3332 | 1.5997 | 86.87 | 114.17 | 137.76 |
| 61.8% | 1.3225 | 1.5881 | 86.16 | 113.56 | 136.89 |
| 50.0% | 1.3192 | 1.5846 | 85.95 | 113.38 | 136.62 |
| 38.2% | 1.3159 | 1.5810 | 85.73 | 113.19 | 136.34 |
| 23.6% | 1.3118 | 1.5766 | 85.46 | 112.96 | 136.01 |
| 0.0% | 1.3052 | 1.5694 | 85.02 | 112.58 | 135.47 |
If you have any questions or comments on this technical analysis, please, feel free to reply below.
August 7th, 2010 at 3:48 pm
do you really think EUR is sell trend? its in the middle of a very strong uptrend?!?!?
▼Reply
Andrei Reply:
August 7th, 2010 at 4:45 pm
It’s overbought. Look at Stochastic Oscillator (14, 3, 3) on daily chart. There’s also a divergence with the stochastic. Of course, it can continue rising, but, in my opinion, the next week we’ll see a drop there.
▼Reply
August 9th, 2010 at 2:01 am
Do you think it will get to 1.3500, the 50% Fib level from June?
▼Reply
Andrei Reply:
August 9th, 2010 at 7:53 am
Not sure if that can be done this week. But it will probably reach that level.
▼Reply