As a beginner in forex trading, there are times when you feel hopeless and ready to quit You are giving all of the efforts and time but the losses are still greater then profits. You start wondering if forex is really a matter of gambling and you are simply not the lucky one. Should you continue trying or losses are the signs to call it a day? Is forex trading for everyone?
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EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3993 | 1.4085 | 1.4193 | 1.4285 | 1.4392 | 1.4484 | 1.4592 |
| GBP/USD | 1.5904 | 1.6008 | 1.6203 | 1.6307 | 1.6502 | 1.6606 | 1.6801 |
| USD/JPY | 90.50 | 91.22 | 92.11 | 92.83 | 93.72 | 94.44 | 95.32 |
| EUR/JPY | 128.19 | 129.61 | 131.30 | 132.72 | 134.42 | 135.83 | 137.53 |
| Woodie’s Pivot Points | |||||
|---|---|---|---|---|---|
| Pair | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| EUR/USD | 1.4089 | 1.4200 | 1.4289 | 1.4400 | 1.4488 |
| GBP/USD | 1.6031 | 1.6248 | 1.6330 | 1.6547 | 1.6629 |
| USD/JPY | 91.27 | 92.19 | 92.87 | 93.80 | 94.48 |
| EUR/JPY | 129.68 | 131.44 | 132.79 | 134.55 | 135.90 |
| Camarilla Pivot Points | ||||||||
|---|---|---|---|---|---|---|---|---|
| Pair | 4th Sup | 3rd Sup | 2nd Sup | 1st Sup | 1st Res | 2nd Res | 3rd Res | 4th Res |
| EUR/USD | 1.4190 | 1.4245 | 1.4264 | 1.4282 | 1.4319 | 1.4337 | 1.4355 | 1.4410 |
| GBP/USD | 1.6233 | 1.6316 | 1.6343 | 1.6370 | 1.6425 | 1.6453 | 1.6480 | 1.6562 |
| USD/JPY | 92.11 | 92.56 | 92.70 | 92.85 | 93.15 | 93.29 | 93.44 | 93.88 |
| EUR/JPY | 131.29 | 132.14 | 132.43 | 132.71 | 133.28 | 133.57 | 133.85 | 134.71 |
| Fibonacci Retracement Levels | ||||
|---|---|---|---|---|
| Pairs | EUR/USD | GBP/USD | USD/JPY | EUR/JPY |
| 100.0% | 1.4377 | 1.6411 | 93.55 | 134.14 |
| 61.8% | 1.4300 | 1.6297 | 92.94 | 132.95 |
| 50.0% | 1.4277 | 1.6262 | 92.75 | 132.58 |
| 38.2% | 1.4253 | 1.6227 | 92.56 | 132.21 |
| 23.6% | 1.4224 | 1.6183 | 92.32 | 131.76 |
| 0.0% | 1.4177 | 1.6112 | 91.94 | 131.02 |
(…)
Read the rest of Forex Technical Analysis for 09/07—09/11 Week (14 words)
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I’ll be on vacation in Croatia for the next two weeks, taking rest from updating the site and Forex trading. My response to the e-mail messages may also be very slow. But I will return on September 13th and will immediately continue providing analysis, news and other Forex goodies to all you traders. So, stay tuned!
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