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Weekly Forex Technical Analysis (Sep 4 — Sep 8)

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 - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1657 1.1739 1.1905 1.1986 1.2152

EUR/USD - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1727 1.1795 1.1817 1.1840 1.1885 1.1908 1.1931 1.1999

EUR/USD - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
1.1719 1.1966

EUR/USD - Tom Demark's pivot points as of Sep 2, 2017

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 - Fibonacci retracement levels as of Sep 2, 2017

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 - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2796 1.2884 1.2939 1.3027 1.3083

GBP/USD - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2876 1.2916 1.2929 1.2942 1.2968 1.2981 1.2995 1.3034

GBP/USD - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
1.2903 1.3047

GBP/USD - Tom Demark's pivot points as of Sep 2, 2017

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 - Fibonacci retracement levels as of Sep 2, 2017

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 - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.45 109.05 109.86 111.45 112.26

USD/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
108.93 109.59 109.81 110.03 110.47 110.69 110.91 111.57

USD/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
109.26 111.66

USD/JPY - Tom Demark's pivot points as of Sep 2, 2017

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 - Fibonacci retracement levels as of Sep 2, 2017

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 - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
128.68 129.77 130.73 131.82 132.78

EUR/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
129.66 130.23 130.41 130.60 130.98 131.17 131.35 131.92

EUR/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
130.22 132.27

EUR/JPY - Tom Demark's pivot points as of Sep 2, 2017

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 - Fibonacci retracement levels as of Sep 2, 2017

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 - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
139.16 141.32 142.16 144.32 145.16

GBP/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
141.17 142.00 142.27 142.55 143.10 143.37 143.65 144.47

GBP/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
141.41 144.41

GBP/JPY - Tom Demark's pivot points as of Sep 2, 2017

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 - Fibonacci retracement levels as of Sep 2, 2017

If you have any questions or comments on this technical analysis, please feel free to reply below.

Posted on Forex blog.

Weekly Forex Technical Analysis (Aug 28 — Sep 1)

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1577 1.1654 1.1787 1.1864 1.1998 1.2075 1.2208

EUR/USD - Floor pivot points as of Aug 26, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1668 1.1816 1.1878 1.2026 1.2089

EUR/USD - Woodie's pivot points as of Aug 26, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1805 1.1863 1.1882 1.1902 1.1940 1.1959 1.1979 1.2037

EUR/USD - Camarilla pivot points as of Aug 26, 2017

Tom Demark’s pivot points

Support Resistance
1.1826 1.2036

EUR/USD - Tom Demark's pivot points as of Aug 26, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1731 1.1780 1.1811 1.1836 1.1861 1.1941

EUR/USD - Fibonacci retracement levels as of Aug 26, 2017

GBP/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2649 1.2711 1.2792 1.2854 1.2934 1.2996 1.3076

GBP/USD - Floor pivot points as of Aug 26, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2716 1.2801 1.2858 1.2943 1.3001

GBP/USD - Woodie's pivot points as of Aug 26, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2793 1.2833 1.2846 1.2859 1.2885 1.2898 1.2911 1.2950

GBP/USD - Camarilla pivot points as of Aug 26, 2017

Tom Demark’s pivot points

Support Resistance
1.2823 1.2965

GBP/USD - Tom Demark's pivot points as of Aug 26, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2774 1.2807 1.2828 1.2845 1.2862 1.2916

GBP/USD - Fibonacci retracement levels as of Aug 26, 2017

USD/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
107.50 108.07 108.71 109.27 109.91 110.48 111.12

USD/JPY - Floor pivot points as of Aug 26, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
108.08 108.74 109.29 109.95 110.50

USD/JPY - Woodie's pivot points as of Aug 26, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
108.68 109.02 109.13 109.24 109.46 109.57 109.68 110.01

USD/JPY - Camarilla pivot points as of Aug 26, 2017

Tom Demark’s pivot points

Support Resistance
108.99 110.20

USD/JPY - Tom Demark's pivot points as of Aug 26, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.63 108.92 109.09 109.24 109.38 109.84

USD/JPY - Fibonacci retracement levels as of Aug 26, 2017

EUR/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
125.89 126.86 128.49 129.46 131.09 132.05 133.68

EUR/JPY - Floor pivot points as of Aug 26, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
127.03 128.82 129.62 131.42 132.22

EUR/JPY - Woodie's pivot points as of Aug 26, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
128.69 129.40 129.64 129.88 130.36 130.59 130.83 131.55

EUR/JPY - Camarilla pivot points as of Aug 26, 2017

Tom Demark’s pivot points

Support Resistance
128.97 131.57

EUR/JPY - Tom Demark's pivot points as of Aug 26, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
127.83 128.44 128.82 129.13 129.43 130.43

EUR/JPY - Fibonacci retracement levels as of Aug 26, 2017

GBP/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
137.95 138.61 139.69 140.36 141.43 142.10 143.17

GBP/JPY - Floor pivot points as of Aug 26, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
138.72 139.89 140.46 141.63 142.20

GBP/JPY - Woodie's pivot points as of Aug 26, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
139.80 140.28 140.44 140.60 140.92 141.08 141.24 141.72

GBP/JPY - Camarilla pivot points as of Aug 26, 2017

Tom Demark’s pivot points

Support Resistance
140.02 141.77

GBP/JPY - Tom Demark's pivot points as of Aug 26, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
139.28 139.69 139.95 140.15 140.36 141.03

GBP/JPY - Fibonacci retracement levels as of Aug 26, 2017

If you have any questions or comments on this technical analysis, please feel free to reply below.

Posted on Forex blog.

Forex Technical Analysis Cheat Sheet – Part 1

A Guide on How to Read Forex Charts The method of predicting price changes in any forex currency pair is both a science and a skill. The process itself is scientific: utilising existing data and analysing information and results. However, the way these results are applied to a trade is based on the judgement of […]

The post Forex Technical Analysis Cheat Sheet – Part 1 appeared first on Forex Crunch.

GBP/NZD Consolidates in a Symmetrical Triangle After a Fall

GBP/NZD Consolidates in a Symmetrical Triangle After a Fall

The pound had experienced a rather strong rally against the New Zealand dollar from the beginning of 2017 through the middle of May. It then entered a similarly rapid downtrend, which stalled near the end of June. Since then, the currency pair entered a consolidation phase, which has now took a form of a symmetrical triangle pattern.

That triangle is marked with the yellow lines on the chart screenshot below. The cyan line is my potential breakout entry level. It was placed at 10% of the triangle’s base height below the lower border. The green line is my potential take-profit level, which is positioned at 100% of the same distance. I will set my stop-loss to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the triangle. I will ignore an upward breakout from this formation because a symmetrical triangle is a trend continuation pattern. You can click on the image to see a full-size screenshot:

GBP/NZD - Symmetrical Triangle Pattern on Daily Chart as of 2017-08-20

I have built this chart using the ChannelPattern script. You can download my MetaTrader 4 chart template for this GBP/NZD pattern. You can trade it using my free Chart Pattern Helper EA.

If you have any questions or comments regarding this symmetrical triangle on the GBP/NZD chart, please feel free to submit them via the form below.

Posted on Forex blog.

Weekly Forex Technical Analysis (Aug 21 — Aug 25)

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1491 1.1576 1.1667 1.1753 1.1843 1.1929 1.2019

EUR/USD - Floor pivot points as of Aug 19, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1578 1.1670 1.1754 1.1846 1.1930

EUR/USD - Woodie's pivot points as of Aug 19, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1661 1.1709 1.1726 1.1742 1.1774 1.1790 1.1806 1.1855

EUR/USD - Camarilla pivot points as of Aug 19, 2017

Tom Demark’s pivot points

Support Resistance
1.1622 1.1798

EUR/USD - Tom Demark's pivot points as of Aug 19, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1662 1.1703 1.1729 1.1750 1.1771 1.1838

EUR/USD - Fibonacci retracement levels as of Aug 19, 2017

GBP/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2600 1.2716 1.2790 1.2906 1.2980 1.3096 1.3170

GBP/USD - Floor pivot points as of Aug 19, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2705 1.2770 1.2895 1.2960 1.3085

GBP/USD - Woodie's pivot points as of Aug 19, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2760 1.2812 1.2830 1.2847 1.2882 1.2899 1.2917 1.2969

GBP/USD - Camarilla pivot points as of Aug 19, 2017

Tom Demark’s pivot points

Support Resistance
1.2753 1.2943

GBP/USD - Tom Demark's pivot points as of Aug 19, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2831 1.2876 1.2904 1.2926 1.2949 1.3021

GBP/USD - Fibonacci retracement levels as of Aug 19, 2017

USD/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
105.84 107.22 108.18 109.56 110.53 111.91 112.87

USD/JPY - Floor pivot points as of Aug 19, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.11 107.97 109.46 110.32 111.80

USD/JPY - Woodie's pivot points as of Aug 19, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
107.85 108.50 108.71 108.93 109.36 109.57 109.79 110.43

USD/JPY - Camarilla pivot points as of Aug 19, 2017

Tom Demark’s pivot points

Support Resistance
108.87 111.22

USD/JPY - Tom Demark's pivot points as of Aug 19, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.60 109.15 109.50 109.77 110.05 110.95

USD/JPY - Fibonacci retracement levels as of Aug 19, 2017

EUR/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
124.34 125.95 127.18 128.78 130.01 131.62 132.85

EUR/JPY - Floor pivot points as of Aug 19, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
125.85 126.99 128.69 129.83 131.53

EUR/JPY - Woodie's pivot points as of Aug 19, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
126.85 127.63 127.89 128.15 128.67 128.93 129.19 129.97

EUR/JPY - Camarilla pivot points as of Aug 19, 2017

Tom Demark’s pivot points

Support Resistance
126.56 129.40

EUR/JPY - Tom Demark's pivot points as of Aug 19, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
127.56 128.22 128.64 128.97 129.31 130.39

EUR/JPY - Fibonacci retracement levels as of Aug 19, 2017

GBP/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
135.67 137.72 139.08 141.13 142.48 144.53 145.89

GBP/JPY - Floor pivot points as of Aug 19, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
137.55 138.73 140.96 142.14 144.36

GBP/JPY - Woodie's pivot points as of Aug 19, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
138.56 139.50 139.81 140.12 140.75 141.06 141.37 142.31

GBP/JPY - Camarilla pivot points as of Aug 19, 2017

Tom Demark’s pivot points

Support Resistance
138.40 141.81

GBP/JPY - Tom Demark's pivot points as of Aug 19, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
139.77 140.58 141.07 141.48 141.88 143.18

GBP/JPY - Fibonacci retracement levels as of Aug 19, 2017

If you have any questions or comments on this technical analysis, please feel free to reply below.

Posted on Forex blog.

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