Posts Tagged ‘technical analysis’

Forex Technical Analysis for 07/06—07/10 Week

Saturday, July 4th, 2009

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 1.3597 1.3762 1.3870 1.4035 1.4144 1.4309 1.4417
GBP/USD 1.5732 1.6016 1.6174 1.6458 1.6616 1.6900 1.7058
USD/JPY 93.29 94.22 95.12 96.05 96.95 97.88 98.78
EUR/JPY 129.27 131.31 132.78 134.83 136.29 138.34 139.80

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3748 1.3842 1.4021 1.4115 1.4295
GBP/USD 1.5984 1.6110 1.6427 1.6553 1.6869
USD/JPY 94.21 95.11 96.04 96.94 97.87
EUR/JPY 131.17 132.49 134.68 136.00 138.19

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3828 1.3903 1.3928 1.3953 1.4003 1.4028 1.4053 1.4129
GBP/USD 1.6088 1.6210 1.6250 1.6291 1.6372 1.6413 1.6453 1.6575
USD/JPY 95.02 95.53 95.69 95.86 96.20 96.36 96.53 97.04
EUR/JPY 132.31 133.28 133.60 133.92 134.57 134.89 135.21 136.18

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4201 1.6743 96.97 136.87
61.8% 1.4096 1.6574 96.27 135.53
50.0% 1.4064 1.6522 96.06 135.12
38.2% 1.4032 1.6469 95.84 134.70
23.6% 1.3992 1.6405 95.57 134.19
0.0% 1.3927 1.6301 95.14 133.36

Forex Chart Patterns — EUR/JPY and GBP/USD

Sunday, June 28th, 2009

Another set of chart patterns — this time for the EUR/JPY and GBP/USD Forex pairs. Only two patterns are presented this time because other interesting patterns are now in that stage when it’s already too late to enter any positions based on them. I hope that you can use the patterns shown in this post. They are not 100% profitable trades but still offer a good entry point for medium-term traders. Click the images to get the full-size screenshots of the charts.

1. GBP/USD, Daily, Ascending Triangle:
GBPUSD, D1, 2009-06-28

2. EUR/JPY, Daily, Rising Wedge:
EURJPY, D1, 2009-06-28

Forex Technical Analysis for 06/29—07/03 Week

Saturday, June 27th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3520 1.3634 1.3785 1.3898 1.4049 1.4162 1.4313
GBP/USD 1.5891 1.6039 1.6265 1.6413 1.6640 1.6787 1.7014
USD/JPY 91.93 93.72 94.99 96.78 98.05 99.84 101.11
EUR/JPY 126.36 129.35 131.75 134.74 137.15 140.13 142.54

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3643 1.3803 1.3908 1.4068 1.4172
GBP/USD 1.6058 1.6305 1.6433 1.6680 1.6807
USD/JPY 93.59 94.74 96.65 97.80 99.71
EUR/JPY 129.20 131.46 134.60 136.85 139.99

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3790 1.3863 1.3887 1.3911 1.3960 1.3984 1.4008 1.4081
GBP/USD 1.6286 1.6389 1.6424 1.6458 1.6527 1.6561 1.6595 1.6698
USD/JPY 94.58 95.42 95.70 95.98 96.55 96.83 97.11 97.95
EUR/JPY 131.19 132.67 133.17 133.66 134.65 135.14 135.64 137.12

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.3974 1.6526 98.95 135.94
Support 1.3709 1.6152 95.89 130.55

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4012 1.6560 98.57 137.73
61.8% 1.3911 1.6417 97.40 135.67
50.0% 1.3879 1.6373 97.04 135.04
38.2% 1.3848 1.6329 96.68 134.40
23.6% 1.3810 1.6274 96.23 133.61
0.0% 1.3747 1.6186 95.51 132.34

Forex Technical Analysis for 06/22—06/26 Week

Saturday, June 20th, 2009

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3447 1.3625 1.3820 1.3999 1.4194 1.4373 1.4568
GBP/USD 1.5133 1.5467 1.5954 1.6288 1.6776 1.7109 1.7597
USD/JPY 95.61 96.35 97.38 98.12 99.15 99.89 100.92
EUR/JPY 133.66 134.67 136.30 137.31 138.94 139.95 141.57

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3629 1.3829 1.4003 1.4202 1.4377
GBP/USD 1.5505 1.6032 1.6326 1.6853 1.7148
USD/JPY 96.42 97.53 98.19 99.30 99.96
EUR/JPY 134.82 136.60 137.46 139.24 140.10

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3810 1.3913 1.3947 1.3981 1.4050 1.4084 1.4118 1.4221
GBP/USD 1.5990 1.6216 1.6292 1.6367 1.6517 1.6593 1.6668 1.6894
USD/JPY 97.44 97.93 98.09 98.25 98.58 98.74 98.90 99.39
EUR/JPY 136.47 137.20 137.44 137.68 138.16 138.40 138.65 139.37

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4283 1.6942 99.52 139.44
Support 1.3910 1.6121 97.75 136.80

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4177 1.6621 98.85 138.32
61.8% 1.4035 1.6308 98.17 137.32
50.0% 1.3990 1.6211 97.97 137.00
38.2% 1.3946 1.6114 97.76 136.69
23.6% 1.3892 1.5994 97.50 136.31
0.0% 1.3804 1.5800 97.08 135.69

Forex Technical Analysis for 06/15—06/19 Week

Monday, June 15th, 2009

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3447 1.3625 1.3820 1.3999 1.4194 1.4373 1.4568
GBP/USD 1.5133 1.5467 1.5954 1.6288 1.6776 1.7109 1.7597
USD/JPY 95.61 96.35 97.38 98.12 99.15 99.89 100.92
EUR/JPY 133.66 134.67 136.30 137.31 138.94 139.95 141.57

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3629 1.3829 1.4003 1.4202 1.4377
GBP/USD 1.5505 1.6032 1.6326 1.6853 1.7148
USD/JPY 96.42 97.53 98.19 99.30 99.96
EUR/JPY 134.82 136.60 137.46 139.24 140.10

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3810 1.3913 1.3947 1.3981 1.4050 1.4084 1.4118 1.4221
GBP/USD 1.5990 1.6216 1.6292 1.6367 1.6517 1.6593 1.6668 1.6894
USD/JPY 97.44 97.93 98.09 98.25 98.58 98.74 98.90 99.39
EUR/JPY 136.47 137.20 137.44 137.68 138.16 138.40 138.65 139.37

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4283 1.6942 99.52 139.44
Support 1.3910 1.6121 97.75 136.80

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4177 1.6621 98.85 138.32
61.8% 1.4035 1.6308 98.17 137.32
50.0% 1.3990 1.6211 97.97 137.00
38.2% 1.3946 1.6114 97.76 136.69
23.6% 1.3892 1.5994 97.50 136.31
0.0% 1.3804 1.5800 97.08 135.69

Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold

Sunday, June 7th, 2009

This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great positions. I hope that you are familiar with the pattern trading and can figure out how to use them. Anyway, trade at your own risk. As always, you click the images to get a full chart picture with the complete pattern visible.

1. EUR/CAD, Daily, Falling Wedge:
EURCAD, D1, 2009-06-07

2. CHF/JPY, Daily, Ascending Triangle:
CHFJPY, D1, 2009-06-07

3. Gold (XAU/USD), Weekly, Rising Wedge:
XAUUSD, D1, 2009-06-07

Forex Technical Analysis for 06/08—06/12 Week

Saturday, June 6th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3533 1.3663 1.3909 1.4039 1.4285 1.4415 1.4661
GBP/USD 1.5487 1.5631 1.5909 1.6054 1.6332 1.6476 1.6754
USD/JPY 91.27 92.84 94.08 95.66 96.90 98.48 99.72
EUR/JPY 128.17 129.82 132.38 134.03 136.59 138.24 140.80

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3692 1.3968 1.4068 1.4344 1.4444
GBP/USD 1.5665 1.5976 1.6087 1.6398 1.6510
USD/JPY 92.76 93.92 95.58 96.74 98.39
EUR/JPY 130.04 132.83 134.25 137.04 138.47

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3949 1.4053 1.4087 1.4122 1.4190 1.4225 1.4259 1.4363
GBP/USD 1.5955 1.6071 1.6109 1.6148 1.6226 1.6264 1.6303 1.6419
USD/JPY 93.78 94.55 94.81 95.07 95.59 95.84 96.10 96.88
EUR/JPY 132.62 133.78 134.17 134.55 135.33 135.71 136.10 137.26

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4350 1.6404 97.69 137.41
Support 1.3974 1.5982 94.87 133.20

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4168 1.6199 97.23 135.68
61.8% 1.4024 1.6037 96.16 134.07
50.0% 1.3980 1.5987 95.82 133.57
38.2% 1.3936 1.5938 95.49 133.07
23.6% 1.3881 1.5876 95.08 132.46
0.0% 1.3792 1.5776 94.42 131.46

Some Interesting Chart Patterns as of May 31st 2009

Sunday, May 31st, 2009

I’d like to share 5 interesting chart patterns that I’ve spotted on the market recently and some of them I currently use in my trading. I won’t give any recommendations regarding their usage here, but if you are familiar with pattern trading then you’ll know how to interpret these images. You can click on any image for a much better and clear picture. Use them on your own risk.

1. EUR/USD, Weekly, 2 Falling Wedges:
EUR/USD, W1, 2009-05-31

2. EUR/JPY, Daily, Ascending Wedge (Triangle):
EUR/JPY, D1, 2009-05-31

3. GBP/JPY, Daily, Ascending Triangle:
GBP/JPY, D1, 2009-05-31

4. USD/CHF, Daily, Falling Wedge:
USD/CHF, D1, 2009-05-31

5. NZD/JPY, Daily, Ascending Triangle:
NZD/JPY, D1, 2009-05-31

Forex Technical Analysis for 06/01—06/05 Week

Saturday, May 30th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3533 1.3663 1.3909 1.4039 1.4285 1.4415 1.4661
GBP/USD 1.5487 1.5631 1.5909 1.6054 1.6332 1.6476 1.6754
USD/JPY 91.27 92.84 94.08 95.66 96.90 98.48 99.72
EUR/JPY 128.17 129.82 132.38 134.03 136.59 138.24 140.80

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3692 1.3968 1.4068 1.4344 1.4444
GBP/USD 1.5665 1.5976 1.6087 1.6398 1.6510
USD/JPY 92.76 93.92 95.58 96.74 98.39
EUR/JPY 130.04 132.83 134.25 137.04 138.47

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3949 1.4053 1.4087 1.4122 1.4190 1.4225 1.4259 1.4363
GBP/USD 1.5955 1.6071 1.6109 1.6148 1.6226 1.6264 1.6303 1.6419
USD/JPY 93.78 94.55 94.81 95.07 95.59 95.84 96.10 96.88
EUR/JPY 132.62 133.78 134.17 134.55 135.33 135.71 136.10 137.26

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4350 1.6404 97.69 137.41
Support 1.3974 1.5982 94.87 133.20

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4168 1.6199 97.23 135.68
61.8% 1.4024 1.6037 96.16 134.07
50.0% 1.3980 1.5987 95.82 133.57
38.2% 1.3936 1.5938 95.49 133.07
23.6% 1.3881 1.5876 95.08 132.46
0.0% 1.3792 1.5776 94.42 131.46

Forex Technical Analysis for 05/25—05/29 Week

Saturday, May 23rd, 2009

EUR/USD trend: hold.
GBP/USD trend: hold.
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 1.3137 1.3299 1.3397 1.3559 1.3657 1.3819 1.3917
GBP/USD 1.4746 1.4902 1.5040 1.5196 1.5333 1.5489 1.5627
USD/JPY 89.55 92.14 93.66 96.25 97.78 100.36 101.89
EUR/JPY 119.11 123.53 125.99 130.40 132.86 137.28 139.74

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3283 1.3365 1.3543 1.3625 1.3803
GBP/USD 1.4898 1.5031 1.5191 1.5324 1.5485
USD/JPY 91.87 93.13 95.98 97.25 100.10
EUR/JPY 123.04 125.01 129.91 131.88 136.79

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3351 1.3423 1.3447 1.3471 1.3518 1.3542 1.3566 1.3638
GBP/USD 1.5016 1.5097 1.5124 1.5151 1.5204 1.5231 1.5258 1.5339
USD/JPY 92.93 94.06 94.44 94.81 95.57 95.94 96.32 97.45
EUR/JPY 124.66 126.56 127.19 127.82 129.08 129.71 130.34 132.23

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.3738 1.5411 99.07 135.07
Support 1.3478 1.5118 94.96 128.20

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.3722 1.5352 98.84 134.82
61.8% 1.3622 1.5239 97.26 132.19
50.0% 1.3591 1.5205 96.78 131.38
38.2% 1.3561 1.5170 96.29 130.57
23.6% 1.3523 1.5127 95.69 129.57
0.0% 1.3461 1.5058 94.72 127.94


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