Technical Charts Daily view for 13 August 2014

Prepared by icola Du!e

Page 2 "#P$%D & '$($%D
Page 3 A$D$%D & $%D)P*
Page 4 '$("#P & $%DC+,
Page - '$()P* & "old
Page . /T0 1il & DA2
Page 3 %&P-00 & %ilver
4et 5e !now if you would li!e a chart for anything else6
GBPUSD
Daily view
#ullish piercing line reversal candle7 a reliable reversal candle after probing stops below 168..0
,our +ourly view
/e need to clear resistance at 168321 to confir5 the short ter5 uptrend and 168380 to confir5
5ediu5 ter5 uptrend6 Above that 168923 is pivotal resistance and 1689.- the -0: retrace of
the )uly sell off6
(etrace5ent support levels today 168.937 168.38 & 168..0
EURUSD
Daily view
The Third test of 16333 has held for a bounce6 %hort ter5 0 still prefer a retrace to 163490 but
as a counter;trend trade it needs so5e ti5e to turn the ship and 5ay still fail which would see
'$($%D continue lower to support and interi5 target of 1631-0
+ourly view
/e need to watch this wedge< consolidation pattern6 16333- re5ains support7 short ter5 upside
resistance 163388 & 163420
AUDUSD
Daily view
#ullish continuation day ; #ullish gartley fibonacci pattern fro5 the April lows and bullish
ha55er fro5 ,riday continue to wor! reversing Aussie ahead of the range botto5 at 9210
+ourly =iew
/atch for resistance at 9360 & 9361. "artley pattern targets a 5ini5u5 of 9362- and li!ely a
return to the top of the range in the 94>s
?a@or support below at 92600 and 91630
USDJPY
Daily view
#ullish continuation day yesterday but still holding below -0: retrace of the decline since the
end of )uly7 a co55on place for shorts to reload 666
+ourly =iew
This 10262-;30 level has been pivotal resistance since ,ebruary6 A reversal at the -0fib often
5eans retraces up to 33: so we could see a deeper decline before higher6
%upports 10260. & 10163.
(esistance 10263-7 1026-07 102681
EURGBP
Daily view
Countertrend #ullish bat fibonacci pattern still in play targets return to 0634
Consolidating sideways Athis pair goes sideways a lotB this is one to watch for the inflation report
today
4 hour chart view
%upport .933 & .92-
(esistance .930 .99- & 3080
USDCHF
Daily view6
#earish ha55er after the -
th
test of 0691 resistance6 There are a couple of 5ar!et theories we
could apply here C if you !noc! on a door enough ti5es it will brea! eventually C and Dflat tops
produce 5ar!et dropsE6 0t is !ey resistance and price action candles support a 5ove lower
,our +ourly view
0 could 5a!e an argu5ent that this is a for5ing a dia5ond pattern here which 5eans another 3
wee!s of sideways6
(esistance 0691;06911-
(ange support at 06903- & neFt step lower 069020
EURJPY
Daily view
%5all bullish ha55er inside day6 Consolidation & holding support6 4ong targets re5ain 138620
A reversal higher here targets 139600
,our +ourly view
%upports 1386807 1386407 138613;24
(esistance 13.6107 13.6-0 A5a@orB 133624
GOLD
Daily view
%till waiting for follow through of ,ridays bearish shooting star7 another shooting star inside bar
Tuesday6 %hort ter5 bearish pattern7 longs are waiting to buy lower6
,our +ourly view
0f h&s triggers short target is 129-7 1291630 & 123.
(esistance at 1312 & 13227 if the pattern fails upside targets 1331 and 1343
OIL $% /T0 crude
Daily =iew G o change
0f we botto5 9820;40 then its an A#C or A#HCD correction which is bullish and we will be bac!
above 100 in short order and loo!ing for new 2014 highs so what we do here is !ey
,our +ourly view
%till loo!ing for a botto5 and a brea! of this consolidation6
?a@or %upport 9861- & 9-63.6 %upport today 98693
(esistance is at 936097 936-0 & 99600;99630A5a@orB
DAX
The ?arch low has not been bro!en to !eep the uptrend intact for now6 )ust6
Daily view
#ullish piercing line candle pattern still wor!ing for 5ini5u5 target of 933- then 9820
,our +ourly view
/e have retraced -0: of the rally started and found support6 Trading above ,riday>s high
targets 933-;93-0 neFt6
%upport at 90-0 & 3392
(esistance < targets 923-7 933- & 9403
S&P
Daily view
%till rallying off ,ridays low and the 3362fib retrace5ent of the rally fro5 the 2014 low6 %hallow
pull bac!s !eep this loo!ing very bullish6 This wee! is 1P'2 so eFpect the uneFpected6
,our +ourly view
(esistance 19437 19496-07 19-4 19.0
%upport 192- & 191.
SILVER
Daily view C - inside days in a row sitting on 1930 support after breaching it last wee!6 %ilver is
storing up energy for a 5ove and li!ely higher6
Daily chart ;
0ntra;day levels to watch 19632 193- 20618 20628 20633 20684
(esistance on a brea! higher is at 20684 & 22624
%upport below 19.3 is at 1988 19--
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