Weekly Forex Technical Analysis

    Weekly Forex Technical Analysis, Nov 13 – Nov 17, 2017

    13 days agoByAndriy Moraru

    The US Dollar closed the previous week slightly lower on the US tax reform uncertainty. U.S. Dollar Index finished the week at 94.278, down -0.61%. The Euro was strengthening versus most currencies to settle at 1.1667. The week ahead will be busy with plenty of economic events.

    In the week ahead, investors will closely watch:

    • UK CPI on Tuesday at 9:30 GMT
    • Eurozone on Tuesday at 10:00 GMT
    • German ZEW Index on Tuesday at 10:00 GMT
    • Japan GDP on Tuesday at 23:50 GMT
    • US CPI &Retail Sales on Wednesday at 13:30 GMT
    • UK Retail Sales on Thursday at 9:30 GMT
    • Eurozone Inflation on Thursday at 10:00 GMT

    EUR/USD

    Floor pivot points

    3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
    1.1462 1.1508 1.1586 1.1632 1.1710 1.1756 1.1834
    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%
    1.1554 1.1583 1.1601 1.1616 1.1631 1.1678
    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
    1.2918 1.2988 1.3089 1.3159 1.3259 1.3330 1.3430
    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%
    1.3058 1.3099 1.3124 1.3144 1.3164 1.3229
    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
    111.18 112.14 112.83 113.78 114.47 115.42 116.11
    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%
    113.09 113.48 113.72 113.91 114.11 114.73
    GBP/USD Daily Chart -Fibonacci
    GBP/USD Daily Chart -Fibonacci

    EUR/JPY

    Floor Pivot Points

    3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
    129.77 130.58 131.49 132.31 133.21 134.03 134.94
    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%
    131.40 131.80 132.05 132.26 132.46 133.12
    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
    146.78 147.61 148.66 149.49 150.54 151.37 152.43
    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%
    148.44 148.88 149.16 149.38 149.60 150.32
    GBP/JPY Daily Chart - Fibonacci
    GBP/JPY Daily Chart – Fibonacci

    This post was originally published by EarnForex

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