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Weekly Forex Technical Analysis, July 31 – Aug 4, 2017
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The US dollar has continues its downfall versus all major currencies during the previous week on dovish Federal Reserve rate hike projections and weak
The US dollar has continues its downfall versus all major currencies during the previous week on dovish Federal Reserve rate hike projections and weak economic data.
We have a busy week ahead of us with the Eurozone inflation on Monday, RBA Interest Rate decision on Tuesday, ADP Employment report on Wednesday, BoE Rate Decision on Thursday and the crucial Non-Farm payrolls on Friday.
EUR/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.1485 | 1.1549 | 1.1649 | 1.1713 | 1.1813 | 1.1877 | 1.1977 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.1612 | 1.1651 | 1.1675 | 1.1694 | 1.1714 | 1.1777 |
GBP/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.2856 | 1.2921 | 1.3027 | 1.3093 | 1.3199 | 1.3264 | 1.3371 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.2987 | 1.3027 | 1.3052 | 1.3072 | 1.3093 | 1.3158 |
USD/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 108.41 | 109.47 | 110.06 | 111.13 | 111.71 | 112.78 | 113.36 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 110.54 | 110.93 | 111.18 | 111.37 | 111.56 | 112.20 |
EUR/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 127.33 | 128.10 | 129.07 | 129.84 | 130.80 | 131.57 | 132.54 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 128.87 | 129.28 | 129.53 | 129.74 | 129.94 | 130.60 |
GBP/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 141.48 | 142.75 | 144.02 | 145.28 | 146.55 | 147.81 | 149.08 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 144.01 | 144.61 | 144.98 | 145.28 | 145.58 | 146.55 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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