Thursday 12 June 2008

Forex Technical Analysis for 06/09—06/13 Week

EUR/USD trend: buy.

GBP/USD trend: hold.

USD/JPY trend: hold.

EUR/JPY trend: buy.

Floor Pivot Points
Pair3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
EUR/USD1.50901.52281.55021.56401.59141.60521.6326
GBP/USD1.92121.93361.95221.96461.98321.99562.0142
USD/JPY101.17102.52103.72105.07106.27107.62108.82
EUR/JPY158.36160.04162.79164.47167.22168.90171.65

Woodie’s Pivot Points
Pair2nd Sup1st SupPivot1st Res2nd Res
EUR/USD1.52621.55711.56741.59831.6086
GBP/USD1.93361.95221.96461.98321.9956
USD/JPY102.52103.72105.07106.27107.62
EUR/JPY160.04162.79164.47167.22168.90

Camarilla Pivot Points
Pair4th Sup3rd Sup2nd Sup1st Sup1st Res2nd Res3rd Res4th Res
EUR/USD1.55501.56641.57011.57391.58151.58531.58901.6004
GBP/USD1.95371.96221.96501.96791.97351.97641.97921.9878
USD/JPY103.52104.22104.45104.69105.15105.39105.62106.32
EUR/JPY163.10164.32164.73165.13165.95166.35166.76167.98

Tom DeMark’s Pivot Points
PairEUR/USDGBP/USDUSD/JPYEUR/JPY
Resistance1.57771.9894106.95168.06
Support1.53651.9584104.40163.63

Fibonacci Retracement Levels
PairsEUR/USDGBP/USDUSD/JPYEUR/JPY
100.0%1.57771.9771106.42166.15
61.8%1.56201.9653105.45164.46
50.0%1.55711.9616105.15163.94
38.2%1.55221.9579104.84163.41
23.6%1.54621.9534104.47162.77
0.0%1.53651.9461103.87161.72

Tags: EUR/JPY, EUR/USD, Fibonacci, GBP/USD, pivot points, technical analysis, USD/JPY

This content was originally posted on http://financialforex.blogspot.com/ © 2008 If you are not reading this text from the above site, you are reading a splog

Dollar Got Pushed Up by Today’s Fundamental Reports

The EUR/USD currency pair sunk down below the yesterday’s close level as the U.S. dollar continued its growth today after some good fundamental reports were released in the United States. Both retail sales and business inventories fulfilled the dollar bulls’ expectations today.

Import and export prices rose in May by 2.3% and 0.3% respectively. That growth followed 2.4% and 0.5% values that were seen a month before.

Initial jobless claims was the one disappointing indicator released today. They rose from 359k to 384k last week, while a growth to 370k was forecasted.

Retail sales report dominated the fundamental trading today. It showed the 1.0% increase for May which was above the consensus 0.5% growth and 0.4% growth in April.

Business inventories added 0.5% in April — a little more than 0.2% a month before and 0.3% average forecast for April.

Tags: business inventories, export and import prices, initial jobless claims, retail sales

This content was originally posted on http://financialforex.blogspot.com/ © 2008 If you are not reading this text from the above site, you are reading a splog

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