Advertisement
Advertisement

Weekly Forex Technical Analysis, Oct 23 – Oct 27, 2017

By: 
Andriy Moraru
Published: Oct 22, 2017, 08:19 GMT+00:00

The US Dollar closed the previous week slightly higher on Fed members' comments and hawkish sentiment. Currently, investors had priced in a roughly 91.7

Weekly Forex Technical Analysis, Oct 23 – Oct 27, 2017

The US Dollar closed the previous week slightly higher on Fed members’ comments and hawkish sentiment.

Currently, investors had priced in a roughly 91.7 percent probability of a rate increase in December.

In the week ahead, investors will closely watch:

  • UK Q3 Growth Domestic Product on Wednesday at 9:30 GMT
  • Bank of Canada Rate Decision on Wednesday at 15:00 GMT
  • ECB Interest Rate Decision on Thursday at 12:45 GMT
  • Japan CPI on Friday at 00:30 GMT
  • US Q3 Growth Domestic Product on Friday at 13:30 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1594 1.1662 1.1721 1.1790 1.1849 1.1918 1.1977
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1730 1.1760 1.1779 1.1794 1.1809 1.1858
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2854 1.2971 1.3078 1.3195 1.3302 1.3419 1.3526
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3088 1.3140 1.3173 1.3200 1.3226 1.3312
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
110.33 110.99 112.24 112.91 114.16 114.82 116.07
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
111.65 112.10 112.38 112.61 112.84 113.57
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
129.95 130.80 132.25 133.11 134.55 135.41 136.85
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
131.66 132.20 132.54 132.81 133.08 133.96
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
146.30 147.04 148.35 149.09 150.40 151.14 152.45
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
147.77 148.26 148.56 148.80 149.04 149.82
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

Related Articles

About the Author

Andriy Morarucontributor

Advertisement
Editors’ Picks
Advertisement
Advertisement
Advertisement
Advertisement