Weekly Forex Technical Analysis

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

    2 months agoByAndriy Moraru

    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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