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Weekly Forex Technical Analysis, Aug 7 – Aug 11, 2017

By:
Andriy Moraru
Published: Aug 6, 2017, 08:10 UTC

The better than expected NFP report that was released on Friday has boosted the US dollar versus all currencies at the end of the week. The report showed

Weekly Forex Technical Analysis

The better than expected NFP report that was released on Friday has boosted the US dollar versus all currencies at the end of the week. The report showed that the U.S. economy added 209,000 jobs in July and the unemployment rate was 4.3 percent, In addition, Average Hourly Earnings came in as forecast at 0.3%, an increase from late month’s 0.2%.

In the week ahead, The U.K Halifax Home Price Index will be released on Monday at 7:30 GMT. German Trade Balance will be released on Tuesday at 6:00 GMT. China Consumer Price Index will be published on Wednesday at 1:30 AM. The U.K will issue its Manufacturing Purchasing Managers Index at 8:30 AM on Thursday and the US Core Consumer Price Index results will be released on Friday at 12:30 GMT.

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1506 1.1615 1.1693 1.1802 1.1880 1.1989 1.2067
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%
1.1723 1.1767 1.1794 1.1816 1.1839 1.1910
EUR/USD Daily Chart - Fibonacci
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2705 1.2864 1.2950 1.3109 1.3194 1.3353 1.3439
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%
1.3023 1.3081 1.3117 1.3146 1.3174 1.3268
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
108.79 109.31 109.99 110.52 111.20 111.73 112.41
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%
109.84 110.12 110.30 110.44 110.59 111.05
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
127.55 128.55 129.40 130.40 131.26 132.26 133.11
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%
129.54 129.98 130.25 130.47 130.69 131.40
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
140.81 142.51 143.38 145.08 145.95 147.65 148.52
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%
144.21 144.82 145.20 145.50 145.80 146.79
GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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