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

Andriy Moraru
Weekly Forex Technical Analysis

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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SymbolLast PriceChange
EURUSD
EUR/USD
1.1779
-0.0009
-0.08%
GBPUSD
GBP/USD
1.3434
+0.0005
+0.04%
XAUUSD
Gold
1291.5
-0.7100
-0.05%
CL
Crude Oil
72.125
-0.3850
-0.53%
SPX
S&P 500
2725.2
-5.7500
-0.21%
DAX
DAX 30
13157.0
+23.000
+0.18%
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