Weekly Forex Technical Analysis, Aug 14 – Aug 18, 2017

Weekly Forex Technical Analysis

The US Dollar closed the previous week lower on weaker than expected inflation data and the increasing tension between the US and North Korea. Traders will closely watch the media clash between Donald Trump and Kim Jong Un as geopolitical fears significantly affect financial markets.

In the week ahead, investors will also pay attention to fundamentals with the UK inflation on Tuesday, US retail sales on Tuesday, FOMC minutes on Wednesday and UK retail sales on Thursday.

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1564 1.1626 1.1723 1.1785 1.1881 1.1943 1.2039
EUR/USD Daily Chart - Pivot Points
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1689 1.1726 1.1749 1.1768 1.1786 1.1847
EU/USD Daily Chart - Fibonacci
EU/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2825 1.2882 1.2944 1.3001 1.3064 1.3121 1.3183
GBP/USD Daily Chart - Pivot Points
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2939 1.2967 1.2985 1.2999 1.3013 1.3058
GBP/USD Daily Chart - Fibonacci
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
106.09 107.41 108.29 109.60 110.48 111.79 112.67
USD/JPY Daily Chart - Pivot Points
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.72 109.24 109.56 109.82 110.08 110.92
USD/JPY Daily Chart - Fibonacci
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
124.97 126.51 127.79 129.33 130.61 132.15 133.43
EUR/JPY Daily Chart - Pivot Points
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
128.05 128.71 129.12 129.46 129.79 130.87
EUR/JPY Daily Chart - Fibonacci
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
137.13 139.18 140.59 142.65 144.05 146.11 147.52
GBP/JPY Daily Chart - Pivot Points
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
141.24 142.06 142.56 142.97 143.38 144.70
GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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SymbolLast PriceChange
EURUSD
EUR/USD
1.2244
-0.0025
-0.2%
GBPUSD
GBP/USD
1.3776
-0.0019
-0.14%
XAUUSD
Gold
1335.1
-5.3600
-0.4%
CL
Crude Oil
63.755
-0.0850
-0.13%
SPX
S&P 500
2783.0
+2.0000
+0.07%
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DAX 30
13143.0
-72.500
-0.55%
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