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Forex Technical Analysis for Week 10/21–10/25

October 19, 2013 by
Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3306 1.3390 1.3537 1.3620 1.3767 1.3850 1.3997
GBP/USD 1.5633 1.5763 1.5964 1.6094 1.6295 1.6425 1.6626
USD/JPY 95.82 96.68 97.26 98.13 98.71 99.58 100.15
EUR/JPY 131.41 132.02 132.95 133.56 134.49 135.10 136.04
GBP/JPY 155.02 155.85 157.00 157.83 158.98 159.81 160.97

Woodie’s Pivot Points
Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
EUR/USD 1.3406 1.3568 1.3636 1.3798 1.3866
GBP/USD 1.5781 1.5999 1.6112 1.6330 1.6443
USD/JPY 96.61 97.12 98.06 98.57 99.50
EUR/JPY 132.10 133.11 133.64 134.66 135.19
GBP/JPY 155.93 157.17 157.91 159.15 159.89

Camarilla Pivot Points
Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
EUR/USD 1.3557 1.3620 1.3641 1.3662 1.3704 1.3725 1.3747 1.3810
GBP/USD 1.5982 1.6073 1.6104 1.6134 1.6195 1.6225 1.6256 1.6347
USD/JPY 97.05 97.44 97.58 97.71 97.97 98.11 98.24 98.64
EUR/JPY 133.04 133.46 133.60 133.74 134.03 134.17 134.31 134.73
GBP/JPY 157.07 157.61 157.79 157.98 158.34 158.52 158.70 159.25

Tom DeMark’s Pivot Points
Pair EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
Resistance 1.3808 1.6360 98.42 134.80 159.40
Support 1.3578 1.6029 96.97 133.26 157.42

Fibonacci Retracement Levels
Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY
100.0% 1.3703 1.6224 99.00 134.17 158.66
61.8% 1.3615 1.6098 98.44 133.58 157.90
50.0% 1.3588 1.6059 98.27 133.40 157.67
38.2% 1.3561 1.6020 98.10 133.22 157.43
23.6% 1.3527 1.5971 97.89 132.99 157.14
0.0% 1.3473 1.5893 97.55 132.63 156.68


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 10/21–10/25”

  1. Fakhar

    I have read your Fibonacci level but I can’t understood. what is happen about drawing Fibonacci. I try to draw Fibonacci level on USD/JPY chart on 1H time frame. but fail to draw correct level. your level say some other numbers and mine some wrong. Please guide me about USD/JPY chart today because I want to learn FX . My fine teacher is babypips but some practical things i can not understand. please help me about practical teacher who learn me some days about practical.

    Reply

    Andriy Moraru Reply:

    The Fibonacci levels presented in this analysis are built using the low of the previous week as the starting point and the high of the same week as the ending point. If you draw Fibo retracements based on some trend on an H1 chart, it may give completely different Fibo levels, but they are still valid.

    Reply

  2. Fakhar

    OK thanks that your reply me timely. In babypips Fibonacci lesson you not mentioned That always draw Fibonacci last week bottom en and this week upper top or high . Please what is best way to draw Fibonacci level. Mean we draw on weekly biases or only draw high and low biases. I hope that you will reply me ASAP.

    Reply

    Andriy Moraru Reply:

    There is no best way really. It depends on what you are going to trade. If you want to trade on retracements of the H1 trend, then of course you should draw your Fibonacci levels there.

    Reply

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