Weekly Forex Technical Analysis

    Weekly Forex Technical Analysis, July 10 – July 14, 2017

    3 months agoByAndriy Moraru

    The U.S. Dollar posted a two-sided trade last week but still managed to close higher for the period. The US Dollar index started the week strong before hitting its high for the week with the release of the minutes from the Federal Reserve’s June meeting. After a two day set-back, the index clawed back to positive after the release of the stronger-than-expected U.S. Non-Farm Payrolls report on Friday.

    The key events in the week ahead will help speculators to get further clues about global economic growth. UK unemployment rate and Claimant Count change will be published on Wednesday. The BoC will publish its interest rate decision on Wednesday as well. On Thursday, Janet Yellen will testify before the Congress and on Friday, US CPI along with retail sales will be published.

    EUR/USD

    Floor Pivot Points

    3rd Sup

    2nd Sup

    1st Sup

    Pivot

    1st Res

    2nd Res

    3rd Res

    1.1198 1.1255 1.1325 1.1382 1.1453 1.1510 1.1580
    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%

    1.1312 1.1342 1.1361 1.1376 1.1391 1.1440
    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

    1.2672 1.2769 1.2829 1.2927 1.2987 1.3084 1.3144
    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%

    1.2866 1.2904 1.2927 1.2945 1.2964 1.3024
    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

    110.53 111.32 112.59 113.38 114.65 115.45 116.72
    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%

    112.11 112.60 112.90 113.14 113.39 114.18
    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

    126.32 127.16 128.45 129.29 130.59 131.42 132.72
    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%

    127.99 128.49 128.80 129.06 129.31 130.12
    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

    143.91 144.84 145.74 146.67 147.57 148.50 149.40
    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%

    145.77 146.20 146.47 146.68 146.90 147.60
    GBP/JPY Daily Chart - Fibonacci
    GBP/JPY Daily Chart – Fibonacci

    This post was originally published by EarnForex

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