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Forex Technical Analysis for Week 05/17—5/21

May 15, 2010 (Last updated on May 17, 2010) by

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.1368 1.1861 1.2109 1.2602 1.2850 1.3342 1.3590
GBP/USD 1.3775 1.4135 1.4333 1.4693 1.4891 1.5252 1.5450
USD/JPY 89.56 90.61 91.54 92.59 93.52 94.57 95.50
EUR/JPY 102.32 107.92 111.10 116.69 119.88 125.47 128.66
GBP/JPY 124.15 128.68 131.50 136.03 138.86 143.39 146.22

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.1800 1.1987 1.2540 1.2727 1.3281
GBP/USD 1.4095 1.4252 1.4653 1.4810 1.5211
USD/JPY 90.58 91.48 92.56 93.46 94.54
EUR/JPY 107.31 109.90 116.09 118.68 124.87
GBP/JPY 128.25 130.65 135.61 138.01 142.97

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.1950 1.2153 1.2221 1.2289 1.2425 1.2493 1.2561 1.2764
GBP/USD 1.4224 1.4378 1.4429 1.4480 1.4582 1.4633 1.4685 1.4838
USD/JPY 91.38 91.92 92.11 92.29 92.65 92.83 93.01 93.56
EUR/JPY 109.46 111.87 112.68 113.48 115.09 115.90 116.70 119.11
GBP/JPY 130.28 132.31 132.98 133.66 135.01 135.68 136.35 138.38

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.3096 1.5072 94.04 122.68 141.13
Support 1.2355 1.4513 92.06 113.90 133.77

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3094 1.5054 93.64 122.29 140.57
61.8% 1.2811 1.4841 92.88 118.93 137.75
50.0% 1.2724 1.4775 92.65 117.90 136.89
38.2% 1.2636 1.4709 92.42 116.86 136.02
23.6% 1.2528 1.4627 92.13 115.58 134.94
0.0% 1.2353 1.4496 91.66 113.51 133.21


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

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