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Posts Tagged ‘technical analysis’

Forex Technical Analysis for 04/14—04/18 Week

Saturday, April 12th, 2008

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.5368 1.5498 1.5652 1.5782 1.5936 1.6066 1.6220
GBP/USD 1.9274 1.9462 1.9575 1.9763 1.9876 2.0064 2.0177
USD/JPY 96.91 98.46 99.74 101.29 102.57 104.12 105.40
EUR/JPY 155.48 157.14 158.40 160.06 161.32 162.98 164.24

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5504 1.5665 1.5788 1.5949 1.6072
GBP/USD 1.9462 1.9575 1.9763 1.9876 2.0064
USD/JPY 98.46 99.74 101.29 102.57 104.12
EUR/JPY 157.14 158.40 160.06 161.32 162.98

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5651 1.5729 1.5755 1.5781 1.5833 1.5859 1.5885 1.5963
GBP/USD 1.9523 1.9606 1.9634 1.9661 1.9717 1.9744 1.9772 1.9855
USD/JPY 99.45 100.23 100.49 100.75 101.27 101.53 101.79 102.57
EUR/JPY 158.05 158.86 159.12 159.39 159.93 160.20 160.46 161.27

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.6001 1.9970 101.93 162.15
Support 1.5717 1.9669 99.10 159.23

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5911 1.9950 102.85 161.72
61.8% 1.5803 1.9835 101.77 160.60
50.0% 1.5769 1.9800 101.44 160.26
38.2% 1.5735 1.9764 101.10 159.92
23.6% 1.5694 1.9720 100.69 159.49
0.0% 1.5627 1.9649 100.02 158.80

Test Your Technical Analysis Skills

Monday, April 7th, 2008

Are your technical skills good enough to earn by themselves? Can you trade without any fundamental information? Is technical analysis can be considered a self-sufficient tool at all? You can try to find the answers to these questions using an interesting financial training tool from Inspectd.com. It shows you only a bare six months chart of an unknown stock with only one moving average as an indicator. You have to decide whether to buy, sell, or skip this stock, the period of holding if you open a position and a percentage of funds to use. Then the stock and is further chart is revealed and you get your profit or loss. A very simple concept but it’s very addictive and very interesting in terms of the minimalistic technical analysis.

Why write about stock market thingie here? Because wouldn’t be very different if the same was implemented for the Forex trading. In fact, before you know the name of the stock it can be completely anything. There are only two factors that make it more useful to stocks traders rather than Forex ones. First, stock’s price range — it can be seen before you decide on the trade and knowing that it’s some penny stock or some heavy-weight stock might help sometimes. Second, the market volume is shown — there is no real market volume indicator in Forex. Nevertheless the number of price changes in a period is often used in place of the market volume in Forex trading. So, it’s not that big difference.

Anyway, I’ve found Inspectd.com to be both interesting as a trading emulator and as a technical analysis trainer. If you like any of these, you’ll like Inspect.com too. It’s a very new site (launched less than a month ago), but it’s already quite popular and a lot of new features can be expected soon.

Forex Technical Analysis for 04/07—04/11 Week

Saturday, April 5th, 2008

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 1.5147 1.5328 1.5533 1.5714 1.5919 1.6100 1.6305
GBP/USD 1.9436 1.9583 1.9756 1.9903 2.0076 2.0223 2.0396
USD/JPY 95.07 96.94 99.20 101.07 103.33 105.20 107.46
EUR/JPY 151.74 153.90 156.78 158.94 161.82 163.98 166.86

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5334 1.5544 1.5720 1.5930 1.6106
GBP/USD 1.9583 1.9756 1.9903 2.0076 2.0223
USD/JPY 96.94 99.20 101.07 103.33 105.20
EUR/JPY 153.90 156.78 158.94 161.82 163.98

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5525 1.5631 1.5666 1.5702 1.5772 1.5808 1.5843 1.5949
GBP/USD 1.9754 1.9842 1.9871 1.9901 1.9959 1.9989 2.0018 2.0106
USD/JPY 99.19 100.32 100.70 101.08 101.84 102.22 102.60 103.73
EUR/JPY 156.90 158.28 158.75 159.21 160.13 160.59 161.06 162.44

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.6010 1.9990 102.20 160.38
Support 1.5624 1.9670 98.07 155.34

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5896 2.0049 102.94 161.09
61.8% 1.5749 1.9927 101.36 159.16
50.0% 1.5703 1.9889 100.88 158.57
38.2% 1.5657 1.9851 100.39 157.98
23.6% 1.5601 1.9805 99.78 157.24
0.0% 1.5510 1.9729 98.81 156.05

Forex Technical Analysis for 03/31—04/04 Week

Saturday, March 29th, 2008

EUR/USD trend: sell.
GBP/USD trend: sell.
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 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509
GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603
USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09
EUR/JPY 148.49 150.77 153.77 156.05 159.05 161.33 164.33

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5183 1.5542 1.5700 1.6059 1.6217
GBP/USD 1.9533 1.9739 1.9965 2.0171 2.0397
USD/JPY 97.09 98.11 99.58 100.60 102.07
EUR/JPY 150.77 153.77 156.05 159.05 161.33

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5516 1.5658 1.5705 1.5753 1.5847 1.5895 1.5942 1.6084
GBP/USD 1.9707 1.9826 1.9866 1.9905 1.9985 2.0024 2.0064 2.0183
USD/JPY 97.77 98.46 98.68 98.91 99.37 99.60 99.82 100.51
EUR/JPY 153.86 155.31 155.79 156.28 157.24 157.73 158.21 159.66

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.6088 2.0068 100.09 157.55
Support 1.5571 1.9636 97.60 152.27

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5858 2.0191 101.04 158.34
61.8% 1.5661 2.0026 100.09 156.32
50.0% 1.5600 1.9975 99.80 155.70
38.2% 1.5538 1.9924 99.50 155.08
23.6% 1.5463 1.9861 99.14 154.31
0.0% 1.5341 1.9759 98.55 153.06

Forex Technical Analysis for 03/24—03/28 Week

Saturday, March 22nd, 2008

EUR/USD trend: sell.
GBP/USD trend: sell.
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 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266
GBP/USD 1.9074 1.9405 1.9610 1.9941 2.0146 2.0477 2.0682
USD/JPY 92.00 93.86 96.72 98.58 101.44 103.30 106.16
EUR/JPY 145.92 148.81 151.23 154.12 156.54 159.43 161.85

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5033 1.5177 1.5541 1.5685 1.6048
GBP/USD 1.9405 1.9610 1.9941 2.0146 2.0477
USD/JPY 93.86 96.72 98.58 101.44 103.30
EUR/JPY 148.81 151.23 154.12 156.54 159.43

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5152 1.5291 1.5338 1.5384 1.5478 1.5524 1.5571 1.5710
GBP/USD 1.9520 1.9668 1.9717 1.9766 1.9864 1.9913 1.9962 2.0110
USD/JPY 96.97 98.27 98.70 99.14 100.00 100.44 100.87 102.17
EUR/JPY 150.73 152.19 152.68 153.16 154.14 154.62 155.11 156.57

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5667 2.0312 102.37 157.99
Support 1.5159 1.9776 97.65 152.68

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5904 2.0272 100.45 157.01
61.8% 1.5710 2.0067 98.65 154.98
50.0% 1.5650 2.0004 98.09 154.35
38.2% 1.5590 1.9941 97.53 153.73
23.6% 1.5516 1.9862 96.84 152.95
0.0% 1.5396 1.9736 95.73 151.70

Forex Technical Analysis for 03/17—03/21 Week

Saturday, March 15th, 2008

EUR/USD trend: hold.
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 1.5001 1.5141 1.5407 1.5547 1.5813 1.5953 1.6219
GBP/USD 1.9591 1.9793 1.9993 2.0195 2.0395 2.0597 2.0797
USD/JPY 92.74 95.82 97.43 100.51 102.12 105.20 106.81
EUR/JPY 149.38 152.11 153.66 156.39 157.94 160.67 162.22

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5173 1.5470 1.5579 1.5876 1.5985
GBP/USD 1.9793 1.9993 2.0195 2.0395 2.0597
USD/JPY 95.82 97.43 100.51 102.12 105.20
EUR/JPY 152.11 153.66 156.39 157.94 160.67

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5450 1.5561 1.5599 1.5636 1.5710 1.5747 1.5785 1.5896
GBP/USD 1.9972 2.0082 2.0119 2.0156 2.0230 2.0267 2.0304 2.0414
USD/JPY 96.46 97.75 98.18 98.61 99.47 99.90 100.33 101.62
EUR/JPY 152.86 154.03 154.43 154.82 155.60 155.99 156.39 157.56

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5680 2.0496 101.32 157.17
Support 1.5274 2.0094 96.63 152.89

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5687 2.0397 103.59 159.12
61.8% 1.5532 2.0243 101.80 157.49
50.0% 1.5484 2.0196 101.25 156.98
38.2% 1.5436 2.0149 100.69 156.47
23.6% 1.5377 2.0090 100.01 155.85
0.0% 1.5281 1.9995 98.90 154.84

Forex Technical Analysis for 03/10—03/14 Week

Saturday, March 8th, 2008

EUR/USD trend: hold.
GBP/USD trend: hold.
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 1.4872 1.5008 1.5182 1.5318 1.5492 1.5628 1.5802
GBP/USD 1.9339 1.9530 1.9832 2.0023 2.0325 2.0516 2.0818
USD/JPY 98.56 99.98 101.33 102.75 104.10 105.52 106.87
EUR/JPY 152.74 154.34 156.00 157.60 159.26 160.86 162.52

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.5018 1.5201 1.5328 1.5511 1.5638
GBP/USD 1.9530 1.9832 2.0023 2.0325 2.0516
USD/JPY 99.98 101.33 102.75 104.10 105.52
EUR/JPY 154.34 156.00 157.60 159.26 160.86

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.5186 1.5271 1.5299 1.5328 1.5384 1.5413 1.5441 1.5527
GBP/USD 1.9863 1.9998 2.0044 2.0089 2.0179 2.0224 2.0270 2.0405
USD/JPY 101.15 101.91 102.16 102.42 102.92 103.18 103.43 104.19
EUR/JPY 155.87 156.76 157.06 157.36 157.96 158.26 158.56 159.45

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5405 2.0174 104.81 160.06
Support 1.5095 1.9681 102.04 156.80

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5454 2.0214 104.18 159.20
61.8% 1.5336 2.0026 103.12 157.95
50.0% 1.5299 1.9968 102.80 157.57
38.2% 1.5262 1.9909 102.47 157.19
23.6% 1.5217 1.9837 102.06 156.71
0.0% 1.5144 1.9721 101.41 155.94

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

Saturday, March 1st, 2008

EUR/USD trend: hold.
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 1.4431 1.4605 1.4891 1.5065 1.5351 1.5525 1.5811
GBP/USD 1.9324 1.9469 1.9680 1.9825 2.0036 2.0181 2.0392
USD/JPY 97.67 100.67 102.20 105.20 106.73 109.73 111.26
EUR/JPY 152.25 154.84 156.13 158.72 160.01 162.60 163.89

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.4633 1.4948 1.5093 1.5408 1.5553
GBP/USD 1.9469 1.9680 1.9825 2.0036 2.0181
USD/JPY 100.67 102.20 105.20 106.73 109.73
EUR/JPY 154.84 156.13 158.72 160.01 162.60

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.4925 1.5052 1.5094 1.5136 1.5220 1.5262 1.5305 1.5431
GBP/USD 1.9694 1.9792 1.9825 1.9857 1.9923 1.9955 1.9988 2.0086
USD/JPY 101.23 102.47 102.89 103.30 104.14 104.55 104.97 106.21
EUR/JPY 155.30 156.36 156.72 157.07 157.79 158.14 158.50 159.56

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.5208 2.0109 108.23 161.31
Support 1.4748 1.9753 103.70 157.43

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.5238 1.9971 108.21 161.30
61.8% 1.5062 1.9835 106.48 159.82
50.0% 1.5008 1.9793 105.95 159.36
38.2% 1.4954 1.9751 105.41 158.90
23.6% 1.4887 1.9699 104.75 158.34
0.0% 1.4778 1.9615 103.68 157.42

Forex Technical Analysis for 02/25—02/29 Week

Saturday, February 23rd, 2008

EUR/USD trend: hold.
GBP/USD trend: hold.
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 1.4421 1.4515 1.4673 1.4767 1.4925 1.5019 1.5177
GBP/USD 1.9104 1.9233 1.9450 1.9579 1.9796 1.9925 2.0142
USD/JPY 104.84 105.78 106.47 107.41 108.10 109.04 109.73
EUR/JPY 156.02 156.86 157.88 158.72 159.74 160.58 161.60

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.4531 1.4704 1.4783 1.4956 1.5035
GBP/USD 1.9233 1.9450 1.9579 1.9796 1.9925
USD/JPY 105.78 106.47 107.41 108.10 109.04
EUR/JPY 156.86 157.88 158.72 159.74 160.58

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.4691 1.4761 1.4784 1.4807 1.4853 1.4876 1.4899 1.4969
GBP/USD 1.9477 1.9572 1.9604 1.9635 1.9699 1.9730 1.9762 1.9857
USD/JPY 106.25 106.70 106.85 107.00 107.30 107.45 107.60 108.05
EUR/JPY 157.87 158.38 158.55 158.72 159.06 159.23 159.40 159.91

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4846 1.9687 107.76 159.23
Support 1.4594 1.9341 106.13 157.37

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4862 1.9708 108.36 159.57
61.8% 1.4766 1.9576 107.74 158.86
50.0% 1.4736 1.9535 107.55 158.64
38.2% 1.4706 1.9494 107.35 158.42
23.6% 1.4669 1.9444 107.11 158.15
0.0% 1.4610 1.9362 106.73 157.71

Forex Technical Analysis for 02/18—02/22 Week

Saturday, February 16th, 2008

EUR/USD trend: hold.
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 1.4310 1.4396 1.4538 1.4624 1.4766 1.4852 1.4994
GBP/USD 1.9093 1.9247 1.9429 1.9583 1.9765 1.9919 2.0101
USD/JPY 104.22 105.26 106.52 107.56 108.82 109.86 111.12
EUR/JPY 150.84 152.57 155.40 157.13 159.96 161.69 164.52

Woodie’s Pivot Points:
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.4410 1.4567 1.4638 1.4795 1.4866
GBP/USD 1.9247 1.9429 1.9583 1.9765 1.9919
USD/JPY 105.26 106.52 107.56 108.82 109.86
EUR/JPY 152.57 155.40 157.13 159.96 161.69

Camarilla Pivot Points:
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.4556 1.4618 1.4639 1.4660 1.4702 1.4723 1.4744 1.4806
GBP/USD 1.9426 1.9519 1.9549 1.9580 1.9642 1.9673 1.9703 1.9796
USD/JPY 106.51 107.14 107.35 107.56 107.98 108.19 108.40 109.04
EUR/JPY 155.71 156.97 157.38 157.80 158.64 159.06 159.47 160.73

Tom DeMark’s Pivot Points:
Pair: EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance: 1.4809 1.9842 108.19 158.55
Support: 1.4581 1.9506 105.89 153.99

Fibonacci Retracement Levels:
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4709 1.9737 108.61 158.87
61.8% 1.4622 1.9609 107.73 157.13
50.0% 1.4595 1.9569 107.46 156.59
38.2% 1.4568 1.9529 107.19 156.05
23.6% 1.4535 1.9480 106.85 155.39
0.0% 1.4481 1.9401 106.31 154.31


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