empty
 
 
20.08.2012 06:09 PM
EUR/USD - Weekly and Monthly Pivot Points and signals- For 20 - 24 August , 2012

 

The Pivot Point (PPV) is used as support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for EUR/USD are: 1.2324 weekly; 1.2342 monthly.
The euro is located below the weekly pivot point and below the Moving Average of 200 periods.
Accordingly, the pivot points signify the following.
A daily close above the pivot point of 1.2324 can increase the probability of a rise to 1.2454 weekly resistance (W_R2). On the other hand, a close below the weekly pivot point will initiate a decline which could continue until 1.2264 (W_S1) and 1.2194 (W_S2). It is possible that at that level the pair may find a strong rebound.

 

 

Signal For 20 - 24 August 2012

Bearish Strategy

Sell short below 1.2324, take profit at 1.2264 and 1.2190, Stop Loss is above weekly pivot of 1.2324.

Bullish Strategy

Buy long above 1.2340, take profit 1.2394 and 1.2454, Stop Loss is below weekly pivot of 1.2324.

 

____WEEKLY_____
Weekly - R3 = 1.2524
Weekly - R2 = 1.2454
Weekly - R1 = 1.2394
Weekly Pivot = 1.2324
Weekly - S1 = 1.2264
Weekly - S2 = 1.2194
Weekly - S3 = 1.2134

 If you would like to get this indicator, feel free to adress me via e-mail: [email protected]

If you like my Techical analysis, please vote for me, but first you must register at the portal MT5 for a vote to be valid. Thanks. 

This image is no longer relevant

 

  ____MONTHLY______
Monthly - R3 = 1.3274
Monthly - R2 = 1.2977
Monthly - R1 = 1.2639
Monthly Pivot = 1.2342
Monthly - S1 = 1.2004
Monthly - S2 = 1.1707
Monthly - S3 = 1.1369

This image is no longer relevant

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback