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Weekly Forex Technical Analysis, Nov 6 – Nov 10, 2017

By:
Andriy Moraru
Published: Nov 5, 2017, 09:27 UTC

The US dollar closed the previous week almost unchanged after central banks policy meetings dominated the markets last week. The British pound dropped as

Weekly Forex Technical Analysis

The US dollar closed the previous week almost unchanged after central banks policy meetings dominated the markets last week. The British pound dropped as the BoE increased its interest rates but projected “very gradual” further increases over the next three years.

In the week ahead, investors will closely watch:

  • RBA Rate Decision on Tuesday at 3:30 GMT
  • China CPI on Thursday at 1:30 GMT
  • RBA Statement on Monetary Policy on Friday at 00:30 GMT
  • UK Trade Balance o Friday at 9:30 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1472 1.1533 1.1570 1.1630 1.1667 1.1727 1.1764
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%
1.1593 1.1616 1.1630 1.1642 1.1653 1.1691
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
1.2687 1.2863 1.2969 1.3145 1.3250 1.3426 1.3531
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%
1.3039 1.3106 1.3147 1.3180 1.3213 1.3321
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
111.72 112.34 113.19 113.81 114.66 115.28 116.13
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%
112.96 113.30 113.52 113.69 113.86 114.43
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
129.81 130.63 131.51 132.33 133.20 134.02 134.90
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%
131.45 131.85 132.10 132.30 132.50 133.15
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
144.60 146.63 147.87 149.90 151.14 153.17 154.41
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%
148.66 149.43 149.91 150.30 150.68 151.93
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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