Advertisement
Advertisement

Weekly Forex Technical Analysis, Aug 28 – Sep 1, 2017

By
Andriy Moraru
Published: Aug 27, 2017, 08:15 GMT+00:00

The US Dollar closed the previous week lower amid dovish Janet Yellen and Donald Trump's suggestion to shut down the government which increased political

Weekly Forex Technical Analysis

The US Dollar closed the previous week lower amid dovish Janet Yellen and Donald Trump’s suggestion to shut down the government which increased political instability.

In the week ahead, investors will closely watch the US nonfarm payrolls on Friday, US Q2 growth domestic product on Wednesday, Eurozone inflation figures on Thursday and the UK manufacturing PMI on Friday.

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1577 1.1654 1.1787 1.1864 1.1998 1.2075 1.2208
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1731 1.1780 1.1811 1.1836 1.1861 1.1941
EUR/USD Daily Chart – Fiboncci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2649 1.2711 1.2792 1.2854 1.2934 1.2996 1.3076
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2774 1.2807 1.2828 1.2845 1.2862 1.2916
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
107.50 108.07 108.71 109.27 109.91 110.48 111.12
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.63 108.92 109.09 109.24 109.38 109.84
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
125.89 126.86 128.49 129.46 131.09 132.05 133.68
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
127.83 128.44 128.82 129.13 129.43 130.43
EUR/JPY Daily Chart – Fiboancci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
137.95 138.61 139.69 140.36 141.43 142.10 143.17
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
139.28 139.69 139.95 140.15 140.36 141.03
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

Advertisement