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Forex Technical Analysis for Week 05/24—5/28

May 22, 2010 (Last updated on May 24, 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 1.1723 1.1933 1.2251 1.2462 1.2780 1.2990 1.3308
GBP/USD 1.3961 1.4095 1.4276 1.4410 1.4590 1.4725 1.4905
USD/JPY 84.29 86.63 88.29 90.63 92.29 94.63 96.29
EUR/JPY 103.95 106.74 109.92 112.70 115.88 118.66 121.84
GBP/JPY 118.13 122.43 126.19 130.50 134.25 138.56 142.32

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.1960 1.2305 1.2489 1.2834 1.3017
GBP/USD 1.4107 1.4299 1.4422 1.4613 1.4736
USD/JPY 86.46 87.95 90.46 91.95 94.46
EUR/JPY 106.84 110.11 112.80 116.07 118.76
GBP/JPY 122.30 125.92 130.36 133.98 138.42

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.2279 1.2424 1.2472 1.2521 1.2618 1.2666 1.2715 1.2860
GBP/USD 1.4283 1.4369 1.4398 1.4427 1.4485 1.4514 1.4543 1.4629
USD/JPY 87.75 88.85 89.22 89.58 90.32 90.68 91.05 92.15
EUR/JPY 109.81 111.45 112.00 112.54 113.64 114.18 114.73 116.37
GBP/JPY 125.51 127.73 128.47 129.21 130.69 131.43 132.17 134.38

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.2885 1.4500 91.46 114.29 132.38
Support 1.2357 1.4186 87.46 108.33 124.31

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.2672 1.4544 92.97 115.49 134.80
61.8% 1.2470 1.4424 91.44 113.21 131.72
50.0% 1.2408 1.4387 90.96 112.51 130.77
38.2% 1.2346 1.4350 90.49 111.80 129.82
23.6% 1.2268 1.4304 89.91 110.93 128.64
0.0% 1.2144 1.4230 88.96 109.53 126.74


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

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