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Forex Technical Analysis for Week 08/09—08/13

August 7, 2010 (Last updated on August 9, 2010) by

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
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 1.2839 1.2945 1.3119 1.3225 1.3399 1.3505 1.3679
GBP/USD 1.5471 1.5582 1.5774 1.5885 1.6077 1.6188 1.6380
USD/JPY 82.80 83.91 84.65 85.76 86.50 87.61 88.35
EUR/JPY 111.07 111.83 112.66 113.42 114.25 115.01 115.84
GBP/JPY 132.98 134.23 135.27 136.52 137.56 138.81 139.85

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.2962 1.3152 1.3242 1.3432 1.3522
GBP/USD 1.5602 1.5814 1.5905 1.6117 1.6208
USD/JPY 83.82 84.47 85.67 86.32 87.52
EUR/JPY 111.85 112.71 113.44 114.30 115.03
GBP/JPY 134.18 135.18 136.47 137.47 138.76

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3138 1.3215 1.3241 1.3266 1.3318 1.3343 1.3369 1.3446
GBP/USD 1.5798 1.5882 1.5909 1.5937 1.5993 1.6021 1.6048 1.6132
USD/JPY 84.37 84.88 85.05 85.22 85.56 85.73 85.90 86.41
EUR/JPY 112.63 113.06 113.21 113.35 113.65 113.79 113.94 114.37
GBP/JPY 135.06 135.69 135.90 136.11 136.53 136.74 136.95 137.58

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.3452 1.5981 87.06 114.63 137.04
Support 1.3172 1.5678 85.21 113.04 134.75

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3332 1.5997 86.87 114.17 137.76
61.8% 1.3225 1.5881 86.16 113.56 136.89
50.0% 1.3192 1.5846 85.95 113.38 136.62
38.2% 1.3159 1.5810 85.73 113.19 136.34
23.6% 1.3118 1.5766 85.46 112.96 136.01
0.0% 1.3052 1.5694 85.02 112.58 135.47


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

4 Responses to “Forex Technical Analysis for Week 08/09—08/13”

  1. Gayl

    do you really think EUR is sell trend? its in the middle of a very strong uptrend?!?!?

    Andrei Reply:

    It’s overbought. Look at Stochastic Oscillator (14, 3, 3) on daily chart. There’s also a divergence with the stochastic. Of course, it can continue rising, but, in my opinion, the next week we’ll see a drop there.

  2. Malcolm

    Do you think it will get to 1.3500, the 50% Fib level from June?

    Andrei Reply:

    Not sure if that can be done this week. But it will probably reach that level.