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Forex Technical Analysis for Week 06/07—06/11

June 5, 2010 (Last updated on June 7, 2010) by

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.1685 1.1919 1.2095 1.2329 1.2504 1.2738 1.2914
GBP/USD 1.3919 1.4089 1.4271 1.4441 1.4623 1.4793 1.4975
USD/JPY 87.59 88.43 89.73 90.57 91.88 92.71 94.02
EUR/JPY 104.29 106.56 109.14 111.41 113.99 116.26 118.84
GBP/JPY 122.82 125.23 128.41 130.82 134.00 136.41 139.59

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.1905 1.2065 1.2314 1.2475 1.2724
GBP/USD 1.4092 1.4277 1.4444 1.4630 1.4796
USD/JPY 88.54 89.97 90.69 92.11 92.83
EUR/JPY 106.64 109.30 111.49 114.14 116.34
GBP/JPY 125.42 128.80 131.01 134.38 136.60

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.2045 1.2158 1.2195 1.2233 1.2308 1.2345 1.2383 1.2495
GBP/USD 1.4260 1.4357 1.4389 1.4421 1.4486 1.4518 1.4550 1.4647
USD/JPY 89.86 90.45 90.65 90.84 91.24 91.43 91.63 92.22
EUR/JPY 109.05 110.39 110.83 111.28 112.16 112.61 113.05 114.39
GBP/JPY 128.52 130.05 130.57 131.08 132.10 132.61 133.13 134.66

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.2416 1.4708 92.30 112.70 135.20
Support 1.2007 1.4356 90.15 107.85 129.62

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.2563 1.4611 91.41 113.68 133.23
61.8% 1.2406 1.4476 90.59 111.83 131.10
50.0% 1.2358 1.4434 90.34 111.26 130.44
38.2% 1.2310 1.4393 90.08 110.68 129.78
23.6% 1.2250 1.4341 89.77 109.98 128.96
0.0% 1.2153 1.4258 89.26 108.83 127.64


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 06/07—06/11”

  1. Vikas Agrawal

    Hi,
    On Friday, i have bought 10,000 Eur/USD on 1.2032 and 10,000 on 1.2002.
    Currently i am in loss of 68 and 38 USD. Can you suggest, what i should do now.
    Among the analysis which you have described above, which one is the best to believe on.

    Thanks and Regards
    Vikas Agrawal

    Reply

    Andrei Reply:

    I’d advise you to sell them both on Monday. It will probably open with some upward gap, so you’ll be losing less.

    Reply

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