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Forex Technical Analysis for 08/31—09/04 Week

August 29, 2009 (Last updated on August 31, 2009) by

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 1.4007 1.4107 1.4203 1.4304 1.4400 1.4500 1.4597
GBP/USD 1.5714 1.5934 1.6104 1.6323 1.6493 1.6713 1.6883
USD/JPY 91.03 92.13 92.85 93.94 94.66 95.76 96.48
EUR/JPY 129.30 131.11 132.46 134.27 135.62 137.42 138.77

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.4106 1.4201 1.4303 1.4398 1.4500
GBP/USD 1.5921 1.6079 1.6311 1.6468 1.6701
USD/JPY 92.03 92.66 93.85 94.47 95.66
EUR/JPY 130.99 132.23 134.15 135.39 137.31

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.4192 1.4246 1.4264 1.4282 1.4318 1.4336 1.4354 1.4408
GBP/USD 1.6059 1.6166 1.6202 1.6238 1.6309 1.6345 1.6381 1.6488
USD/JPY 92.57 93.07 93.23 93.40 93.73 93.90 94.06 94.56
EUR/JPY 132.07 132.94 133.23 133.52 134.10 134.39 134.68 135.54

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY
Resistance 1.4352 1.6603 95.21 136.52
Support 1.4155 1.6214 93.40 133.36

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
100.0% 1.4404 1.6543 95.04 136.08
61.8% 1.4329 1.6394 94.35 134.87
50.0% 1.4306 1.6348 94.13 134.50
38.2% 1.4282 1.6302 93.92 134.12
23.6% 1.4254 1.6246 93.65 133.66
0.0% 1.4207 1.6154 93.23 132.92


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

3 Responses to “Forex Technical Analysis for 08/31—09/04 Week”

  1. Zeek

    Is Euro a buy dip Mon to pivot 1.4003 and sell 1.4410 region tues? Interested in ideas on Sun night trade. Thanks.

    Reply

  2. Zeek

    Correction 1.4300 pivot. to 1.4410.

    Reply

  3. David

    Hi there,

    I just did a study on pivot points in the Forex Market and can’t find any evidence that pivot points hold any special significance http://www.myforexdot.org.uk/PivotPointAnalysis.html though you might like to check it out since you use pivots. Nice blog by the way.

    Reply

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