empty
 
 
03.09.2012 06:25 PM
EUR/USD - Weekly and Monthly Pivot Points and signals- For 03 - 07 September , 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: 1.2558 weekly; 1.2448 monthly.
The euro is located above the weekly pivot point and below the Moving Average of 200 periods.
Accordingly, the pivot points signify the following.
The euro is trading above the weekly pivot close to this level and is likely to continue its growth. The pair trend can be confirmed only after the end of September 4 trading session, so we recommend buying only if it closes above this level. Furthermore, the quote below the weekly pivot will add bearish strength to the pair until the second weekly support of 1.2389 (W_S2).

 

Bearish Strategy

Sell short at 1.2650, take profit at 1.2480 and 1.2386, Stop Loss is above W_R1.

Bullish Strategy

Buy long if close above 1.2565, take profit at 1.2652 and 1.2730, Stop Loss is below weekly pivot of 1.2558.

 

____WEEKLY_____
Weekly - R3 = 1.2824
Weekly - R2 = 1.2730
Weekly - R1 = 1.2652
Weekly Pivot = 1.2558
Weekly - S1 = 1.2480
Weekly - S2 = 1.2386
Weekly - S3 = 1.2308

 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 = 1.3266
Monthly - R2 = 1.2952
Monthly - R1 = 1.2762
Monthly Pivot = 1.2448
Monthly - S1 = 1.2258
Monthly - S2 = 1.1944
Monthly - S3 = 1.1754

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