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Forex Technical Analysis for Week 03/15—03/19

March 13, 2010 (Last updated on March 15, 2010) by

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3158 1.3297 1.3458 1.3597 1.3758 1.3897 1.4058
GBP/USD 1.4529 1.4677 1.4907 1.5055 1.5285 1.5433 1.5663
USD/JPY 86.31 87.22 88.75 89.66 91.19 92.10 93.63
EUR/JPY 117.18 118.47 120.73 122.02 124.28 125.57 127.83
GBP/JPY 128.61 130.36 133.50 135.25 138.39 140.14 143.28

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3303 1.3470 1.3603 1.3770 1.3903
GBP/USD 1.4698 1.4948 1.5076 1.5326 1.5454
USD/JPY 87.38 89.05 89.82 91.49 92.26
EUR/JPY 118.71 121.22 122.26 124.77 125.81
GBP/JPY 130.71 134.19 135.60 139.08 140.49

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3455 1.3538 1.3565 1.3593 1.3648 1.3675 1.3703 1.3785
GBP/USD 1.4929 1.5033 1.5068 1.5102 1.5172 1.5206 1.5241 1.5345
USD/JPY 88.93 89.60 89.82 90.05 90.49 90.72 90.94 91.61
EUR/JPY 121.04 122.01 122.34 122.66 123.32 123.64 123.97 124.94
GBP/JPY 133.94 135.29 135.73 136.18 137.08 137.53 137.97 139.32

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.3678 1.5359 90.43 123.15 136.82
Support 1.3378 1.4981 87.99 119.60 131.93

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3735 1.5203 90.58 123.31 137.01
61.8% 1.3620 1.5059 89.65 121.95 135.14
50.0% 1.3585 1.5014 89.36 121.54 134.57
38.2% 1.3550 1.4969 89.07 121.12 133.99
23.6% 1.3506 1.4914 88.72 120.60 133.27
0.0% 1.3435 1.4825 88.14 119.76 132.12


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

2 Responses to “Forex Technical Analysis for Week 03/15—03/19”

  1. Lisa

    Hi, Why do you say Buy EURUSD when the trend is obviously down?

    Reply

    Andrei Reply:

    It’s a weekly recommendation. Of course, it wasn’t going down when it was issued.

    Reply

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