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Weekly Forex Technical Analysis, Nov 20 – Nov 24, 2017

By:
Andriy Moraru
Published: Nov 19, 2017, 09:12 UTC

The US Dollar closed the previous week lower on tax reform uncertainty and worries over the Mueller probe. U.S. Dollar Index finished the week at 93.57,

Weekly Forex Technical Analysis, Nov 20 – Nov 24, 2017

The US Dollar closed the previous week lower on tax reform uncertainty and worries over the Mueller probe. U.S. Dollar Index finished the week at 93.57, down -0.75%.

In the week ahead, investors will closely watch:

  • RBA minutes on Tuesday at 00:30 GMT
  • FOMC minutes on Wednesday at 19:00 GMT
  • UK GDP on Thursday at 9:30 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1441 1.1539 1.1664 1.1762 1.1887 1.1985 1.2110
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%
1.1637 1.1690 1.1722 1.1749 1.1775 1.1860
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
1.2898 1.2980 1.3097 1.3178 1.3295 1.3377 1.3493
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%
1.3062 1.3109 1.3138 1.3161 1.3184 1.3260
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
109.42 110.68 111.38 112.65 113.35 114.61 115.31
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%
111.94 112.41 112.69 112.93 113.16 113.91
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
129.47 130.70 131.42 132.65 133.37 134.60 135.32
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%
131.93 132.39 132.67 132.91 133.14 133.88
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
145.74 146.83 147.48 148.58 149.22 150.32 150.97
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%
147.93 148.34 148.60 148.80 149.01 149.67
GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci
 This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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