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Forex Technical Analysis for 03/08—03/12 Week

March 6, 2010 by

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3192 1.3313 1.3494 1.3614 1.3796 1.3916 1.4098
GBP/USD 1.4440 1.4611 1.4860 1.5031 1.5280 1.5452 1.5701
USD/JPY 86.45 87.29 87.80 88.64 89.15 89.99 90.50
EUR/JPY 117.44 118.56 119.67 120.78 121.89 123.00 124.11
GBP/JPY 128.32 130.16 131.80 133.64 135.28 137.12 138.75

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3328 1.3524 1.3630 1.3826 1.3931
GBP/USD 1.4630 1.4899 1.5051 1.5320 1.5471
USD/JPY 87.21 87.64 88.56 88.99 89.91
EUR/JPY 118.56 119.67 120.78 121.89 123.00
GBP/JPY 130.11 131.70 133.59 135.18 137.07

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3509 1.3592 1.3620 1.3647 1.3703 1.3730 1.3758 1.3841
GBP/USD 1.4878 1.4994 1.5032 1.5071 1.5148 1.5186 1.5225 1.5341
USD/JPY 87.57 87.94 88.07 88.19 88.44 88.56 88.69 89.06
EUR/JPY 119.55 120.17 120.37 120.57 120.98 121.18 121.39 122.00
GBP/JPY 131.53 132.48 132.80 133.12 133.76 134.08 134.39 135.35

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3735 1.5202 89.47 121.89 135.48
61.8% 1.3620 1.5042 88.96 121.04 134.15
50.0% 1.3584 1.4992 88.80 120.78 133.74
38.2% 1.3549 1.4943 88.64 120.51 133.33
23.6% 1.3504 1.4881 88.44 120.19 132.82
0.0% 1.3433 1.4782 88.12 119.67 132.00


If you have any questions or comments on this technical analysis, please, feel free to reply below.

2 Responses to “Forex Technical Analysis for 03/08—03/12 Week”

  1. Waqas Ali

    Nice information up there. The eur/usd third support is quoted up at 1.3192. If in case it breaks it, will it be likely to drop below 1.3000??

    Reply

    Andrei Reply:

    I don’t think that it will go below 1.3000 in that case. It may reach 1.3100 and then stagnate above that level, but it’s still very unlikely.

    Reply

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