EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2350 | 1.2507 | 1.2607 | 1.2764 | 1.2864 | 1.3021 | 1.3121 |
| GBP/USD | 1.5194 | 1.5330 | 1.5430 | 1.5566 | 1.5666 | 1.5802 | 1.5902 |
| USD/JPY | 83.62 | 84.25 | 84.95 | 85.58 | 86.28 | 86.91 | 87.61 |
| EUR/JPY | 105.74 | 107.00 | 107.91 | 109.17 | 110.08 | 111.34 | 112.25 |
| GBP/JPY | 129.35 | 130.66 | 131.84 | 133.15 | 134.33 | 135.64 | 136.82 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| EUR/USD | 1.2493 | 1.2579 | 1.2750 | 1.2836 | 1.3007 |
| GBP/USD | 1.5321 | 1.5413 | 1.5557 | 1.5649 | 1.5793 |
| USD/JPY | 84.27 | 84.98 | 85.60 | 86.31 | 86.93 |
| EUR/JPY | 106.91 | 107.75 | 109.08 | 109.92 | 111.25 |
| GBP/JPY | 130.63 | 131.77 | 133.12 | 134.26 | 135.61 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| Pair | 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
| EUR/USD | 1.2566 | 1.2636 | 1.2660 | 1.2683 | 1.2731 | 1.2754 | 1.2778 | 1.2848 |
| GBP/USD | 1.5401 | 1.5466 | 1.5488 | 1.5509 | 1.5553 | 1.5574 | 1.5596 | 1.5661 |
| USD/JPY | 84.91 | 85.27 | 85.40 | 85.52 | 85.76 | 85.88 | 86.01 | 86.37 |
| EUR/JPY | 107.64 | 108.23 | 108.43 | 108.63 | 109.03 | 109.23 | 109.43 | 110.02 |
| GBP/JPY | 131.64 | 132.33 | 132.55 | 132.78 | 133.24 | 133.47 | 133.69 | 134.38 |
| Tom DeMark’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | EUR/USD | GBP/USD | USD/JPY | EUR/JPY | GBP/JPY |
| Resistance | 1.2943 | 1.5616 | 86.60 | 110.71 | 134.99 |
| Support | 1.2686 | 1.5380 | 85.27 | 108.54 | 132.50 |
| Fibonacci Retracement Levels | |||||
|---|---|---|---|---|---|
| Pairs | EUR/USD | GBP/USD | USD/JPY | EUR/JPY | GBP/JPY |
| 100.0% | 1.2921 | 1.5701 | 86.22 | 110.42 | 134.47 |
| 61.8% | 1.2823 | 1.5611 | 85.71 | 109.59 | 133.52 |
| 50.0% | 1.2793 | 1.5583 | 85.56 | 109.34 | 133.23 |
| 38.2% | 1.2762 | 1.5555 | 85.40 | 109.08 | 132.93 |
| 23.6% | 1.2725 | 1.5521 | 85.20 | 108.76 | 132.57 |
| 0.0% | 1.2664 | 1.5465 | 84.89 | 108.25 | 131.98 |
If you have any questions or comments on this technical analysis, please, feel free to reply below.
August 22nd, 2010 at 7:43 am
I agree with you on all, except the USD/JPY. That one might be reversing soon.
▼Reply
August 23rd, 2010 at 1:15 pm
Forex Technical Analysis for Week 08/23—08/27
August 21st, 2010
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
One would have made a lot of money following the technical analysis you displayed above. Please send me the idea behind the values (Open, close, high and low with date) used for the pivot calculations and the reason behind it why you said ‘SELL’ on all the pairs.
Expecting more from you
Waiting to see your positive response
Thank with warm regard.
…….
▼Reply
Andrei Reply:
August 23rd, 2010 at 2:10 pm
Last week’s High, Low and Close were used. Current week’s Open was used.
The trends are read from the daily charts.
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August 27th, 2010 at 1:03 am
I’d have to disagree with the first comment up there, the yen has gone from strength to strength and it is now making new lows almost everyday touching price levels we have not seen since april 1995, the only chance of a major reversal would be intervention from the Bank of Japan.
regards, lee
▼Reply
August 27th, 2010 at 1:05 am
P.S:
a sharply appreciating yen is bad for the japaneese economy as they rely heavily on exports which would become a lot less attractive to overseas buyers as the currency gains strength making it more expensive.
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