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Weekly Forex Technical Analysis, Sep 4 – Sep 8, 2017

By: 
Andriy Moraru
Weekly Forex Technical Analysis

The US Dollar closed the previous week unchanged after a volatile week with Harvey storm, North Korea, and Janet Yellen unmentioned any monetary policy

The US Dollar closed the previous week unchanged after a volatile week with Harvey storm, North Korea, and Janet Yellen unmentioned any monetary policy comments on Jackson Hole summit.

In the week ahead, investors will closely watch central bank rate decision: the RBA rate decision on Tuesday, Bank of Canada rate decision on Wednesday, and the ECB rate decision on Thursday.

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1520 1.1671 1.1767 1.1918 1.2014 1.2166 1.2261
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%
1.1823 1.1881 1.1917 1.1946 1.1976 1.2070
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
1.2730 1.2791 1.2873 1.2934 1.3016 1.3077 1.3160
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%
1.2852 1.2886 1.2906 1.2923 1.2940 1.2995
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
106.38 107.32 108.79 109.73 111.19 112.13 113.59
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%
108.26 108.83 109.18 109.47 109.75 110.67
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
127.68 128.66 129.73 130.71 131.78 132.76 133.83
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%
129.65 130.13 130.43 130.68 130.92 131.70
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
137.88 138.93 140.88 141.94 143.88 144.94 146.88
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%
139.99 140.70 141.14 141.49 141.85 143.00
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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