daily analysis EURUSD

2052009

Gold

R1: 929.94

Midpoint: 932.65

R2: 935.35

Midpoint: 941.22

R3: 947.10

S1: 918.19

Midpoint: 915.02

S2: 911.85

Midpoint: 905.97

S3: 900.10

GBP

R1: 1.5563

Midpoint: 1.5609

R2: 1.5655

Midpoint: 1.5768

R3: 1.5882

S1: 1.5336

Midpoint: 1.5269

S2: 1.5201

Midpoint: 1.5087

S3: 1.4974

EUR

R1: 1.3686

Midpoint: 1.3715

R2: 1.3743

Midpoint: 1.3811

R3: 1.3879

S1: 1.3550

Midpoint: 1.3511

S2: 1.3471

Midpoint: 1.3403

S3: 1.3335

JPY

R1: 96.46

Midpoint: 96.71

R2: 96.95

Midpoint: 97.34

R3: 97.72

S1: 95.69

Midpoint: 95.55

S2: 95.41

Midpoint: 95.03

S3: 94.64

2052009

EUR

we still stuck in upside direction . the pair until now cant confirm break 50% of fibo. and we think his target to 1.3700 : 1.3800 and if see any sign of downside i will take about it.
the trade rang 1.3300 : 1.3800

That is great that you post these every day. How do you get your numbers?

My system is basically the same (for calculating pivots) but there is a difference. I too use mid points and find them to be very accurate. I have different names for them. Also, oddly I didn't see a pivot point, or the true center of the numbers. I may have missed it.

I get my numbers for calculations by taking the numbers from the close of 1500 PST. Some say 5 pm Eastern (close of 1400 PST) however I find it more accurate to take them from the close of 1500 PST to the close of 1500 PST. Others have different times they get their numbers. So here are my numbers for the Cable (GBP/USD) for Wednesday May 20

3R = 1.5796
M5 (mid point) = 1.5727
2R = 1.5659
M4 (mid point) = 1.5613
1R = 1.5568
M3 (mid point) = 1.5500

Central Pivot = 1.5431

M2 (mid point) = 1.5385
1S = 1.5340
M1 (mid point) = 1.5271
2 S = 1.5203
M0 (mid point) = 1.5157
3 S = 1.5112

Rarely does price action go past M4/M1 however on the days it does the extra numbers come in handy. As I'm sure we can all attest to it has happened more in this last year than I think the last previous few years combined.

I find that the above system I mentioned to be extremely accurate for the Cable (GBP/USD) during London hours. All other systems for calculating pivots I have found to be mediocre at best. By no means am I being critical of your numbers. They may be accurate. I could also be wrong on my calculations and don't know it. My favorite quote is

"It's not whether you are right or wrong that's important, but how much money you make when you are right, and how much you loose when you are wrong."

George Soros

Curious to see how you come about your numbers. I am always looking to learn new things. Best wishes and take care.

the first target have reach and we wait to 1.3800 good luck

2152009

Gold

R1: 943.82

Midpoint: 946.64

R2: 949.45

Midpoint: 957.10

R3: 964.74

S1: 928.53

Midpoint: 923.70

S2: 918.87

Midpoint: 911.23

S3: 903.58

GBP

R1: 1.5879

Midpoint: 1.5942

R2: 1.6005

Midpoint: 1.6176

R3: 1.6347

S1: 1.5537

Midpoint: 1.5429

S2: 1.5321

Midpoint: 1.5150

S3: 1.4979

EUR

R1: 1.3874

Midpoint: 1.3923

R2: 1.3972

Midpoint: 1.4094

R3: 1.4216

S1: 1.3630

Midpoint: 1.3557

S2: 1.3484

Midpoint: 1.3362

S3: 1.3240

JPY

R1: 95.83

Midpoint: 96.31

R2: 96.78

Midpoint: 97.55

R3: 98.31

S1: 94.30

Midpoint: 94.01

S2: 93.72

Midpoint: 92.96

S3: 92.19

2152009

EUR

the pair confirm being in ascending channel and reach to our target yesterday we expect the pair way uptrend to resistance channel to 1.3900 : 1.4000 but intraday we exoect correction to 1.3650 : 1.3700
the trad rang 1.3600 : 1.4000

Very useful information .. thank you brother.

HAPPY WEEK END TO EVERY BODY
this week we analysis 100%
and i hope i was helpful to member
and i hope the next week be
good and profitable to all trader

Thought i'd help you guys out, the final wave of this up move lacks momtenum and emotion. New highs should be met with aggressive up moves and high price movement, really doesn't look convincing to me.

Might look at entering in a short around 1.3990

Cheers WG

2552009-2952009

Gold

R1: 973.67

R2: 989.90

R3: 1035.22

S1: 928.35

S2: 899.26

S3: 853.94

GBP

R1: 1.6191

R2: 1.6479

R3: 1.7306

S1: 1.5364

S2: 1.4825

S3: 1.3998

EUR

R1: 1.4224

R2: 1.4450

R3: 1.5077

S1: 1.3597

S2: 1.3196

S3: 1.2569

2552009

EUR

after the pair reach to 1.4050 we expect correction intraday to 1.3900 before continue the upside way to 1.4150 : 1.4250 and the momental support that
the trade rang today 1.4300 : 1.3500

I'd expect a bigger correct than 3900, maybe a pull back tot he 21EMA / 1.3855 region. Depends how much downward momentum gathers. Waiting for the next 4H close to confirm this

Cheers WG

thanks for ur interest and i wish to see ur comment every day

2652009

Gold

R1: 957.36

Midpoint: 959.70

R2: 962.03

Midpoint: 965.61

R3: 969.18

S1: 950.21

Midpoint: 948.97

S2: 947.73

Midpoint: 944.16

S3: 940.58

GBP

R1: 1.5949

Midpoint: 1.5972

R2: 1.5994

Midpoint: 1.6046

R3: 1.6097

S1: 1.5846

Midpoint: 1.5817

S2: 1.5788

Midpoint: 1.5737

S3: 1.5685

EUR

R1: 1.4044

Midpoint: 1.4060

R2: 1.4076

Midpoint: 1.4114

R3: 1.4152

S1: 1.3968

Midpoint: 1.3946

S2: 1.3924

Midpoint: 1.3886

S3: 1.3848

JPY

R1: 95.19

Midpoint: 95.38

R2: 95.57

Midpoint: 95.95

R3: 96.33

S1: 94.43

Midpoint: 94.24

S2: 94.05

Midpoint: 93.67

S3: 93.29

2652009

EUR

the pair still in its correction movement and we expect it target today to 1.3900 : 1.3850 to rebound after that to its ascending channel and the pair dont show any sigh to change its direction yet.
the trade rang today 1.3700 : 1.4100

2 target has reach and i hope good luck and nice buck to every one

2752009

Gold

R1: 959.71

Midpoint: 963.79

R2: 967.86

Midpoint: 976.63

R3: 985.39

S1: 942.18

Midpoint: 937.49

S2: 932.80

Midpoint: 924.04

S3: 915.27

GBP

R1: 1.5999

Midpoint: 1.6038

R2: 1.6076

Midpoint: 1.6171

R3: 1.6265

S1: 1.5810

Midpoint: 1.5754

S2: 1.5698

Midpoint: 1.5604

S3: 1.5509

EUR

R1: 1.4048

Midpoint: 1.4081

R2: 1.4114

Midpoint: 1.4195

R3: 1.4275

S1: 1.3887

Midpoint: 1.3840

S2: 1.3792

Midpoint: 1.3712

S3: 1.3631

JPY

R1: 95.26

Midpoint: 95.39

R2: 95.51

Midpoint: 95.82

R3: 96.13

S1: 94.64

Midpoint: 94.46

S2: 94.27

Midpoint: 93.96

S3: 93.65

2752009

EUR

the pair yesterday cant break 1.4050 the weekly high and he show a weak sigh lower high and we still wait the break of 1.4050 or 1.3850 the 61.8% in Fibonacci correction
the trade rang 1.3700 : 1.4100

2852009

Gold

R1: 958.04

Midpoint: 961.48

R2: 964.92

Midpoint: 967.74

R3: 970.57

S1: 945.51

Midpoint: 942.68

S2: 939.86

Midpoint: 936.42

S3: 932.98

GBP

R1: 1.6050

Midpoint: 1.6099

R2: 1.6148

Midpoint: 1.6229

R3: 1.6310

S1: 1.5888

Midpoint: 1.5856

S2: 1.5824

Midpoint: 1.5743

S3: 1.5662

EUR

R1: 1.4048

Midpoint: 1.4081

R2: 1.4114

Midpoint: 1.4195

R3: 1.4275

S1: 1.3887

Midpoint: 1.3840

S2: 1.3792

Midpoint: 1.3712

S3: 1.3631

2852009

EUR

the pair yesterday could break 61.8% (1.3850) and we think its a begin of a correction and now the pair going to 1.3770 and its strong point and we expect in some days the pair will take its way to 1.3550 and its start when he break 1.3760
the trade rang 1.3700 : 1.4040