Daily Technical Analysis Levels Daily Technical Analysis Levels

for 26 August 2014 for 26 August 2014

Prepared by Nicola Due Prepared by Nicola Due

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GBPUSD
$unday nights gap lo7er support holds8 A bullish day but long upper shado7 7arns its heavy
slog8 "otto9ing pattern for9ing 7ith necline at 1866 but 9ore resistance <ust above at 1866'0
+ourly vie7
&esistance 186-6' 1866'0=9a<or> 18666 1866?2=;ay lo7> 18666 =9a<or>
$upport 186--46-: 186-21: 1864-04-6=9a<or> 186'1- 1862@'=9a<or 3 short s7ing target>
EURUSD
!apped lo7er 3 unable to rally off the lo7s 3 close the gap yet8 18'2 7as good pivotal support 3
resistance in early 201- but fibonacci targets say the ris is still lo7er for %#&#$D8 !ap fill
7ould probably be good sell entry8 $till overloaded 7ith shorts though: 7atch for a s6ueeAe8
+ourly vie7
$upport 18'1-6 18'14@=9a<or> 18'011=9a<or>
&esistance 18'242 18'241=9a<or> 18''00 18''16
AUDUSD
Daily vie7 *onsolidating into a 7edge for the last ' 7ees this 7ill be a good s7ing trade 7hen
it goes8 /n the 9iddle of the 7edge here its a coin flip 888
,our +ourly Bie7
&esistance 08?'2@=9a<or> 08?'4@ 08?'1' 08?410 08?4-6
$upport 08?2@1 08?2'@ 08?20@=9a<or> 08?1''
USDJPY
Daily vie7 "roe the ;arch highs and no7 consolidating side7ays8 10'81- good support for
no7: pull bac to 10'80? should be good support on any retest8 DonCt fight the trend =for no7>
,our +ourly Bie7
$upports 10'81-=9a<or> 10'84- 10'806
&esistance 10480'=9a<or> 104810 1048@@
EURGBP
Daily vie7 D bearish bac and fill dropped to the 081?4? =-0E retrace of the rally> This is a good
long entry for tentative longs because a close belo7 this level 9eans the long vie7 is 7rong and
a retest of the lo7s 9ore liely
4 hour chart vie7
$upport 081?4?4-4 081?'04'4 081@?0
&esistance 081?144@0=9a<or> 081??1 08@0'-=9a<or> 08@014=9a<or>
USDCHF
Daily vie78 After gapping higher above (anuary highs 7e rolled over to bac fill8 ,ridayCs close
08?1'' not 6uite there yet8 "ull flag pattern pro<ects 08?' so technically still a buy dips 9aret
but 7e are bouncing around a big level8
,our +ourly chart vie7
$upports 08?1'' 08?2104@0 08?'=9a<or>
&esistance 08?146=9a<or> 08?1-6=2014high> 08?11-4@0=9a<or>
USDCAD
Daily Bie7 bullish day tripped the stops above the resistance level double top 180?@2 and
reversed8 Looing lie a bearish failed breaout for no7 but the daily close above the level is for
9any technicians is still a bullish signal8 "elo7 180@10 sets up 180114
,our +ourly vie7
$upport 180?1@421 180@10 180@444-0 180@04 =9a<or>
&esistance 180?104' 10?8@- 181026 1810-- 1811'- 1811@@4181200=9a<or>
EURJPY
Double topped at 18'@ needs confir9ation8 $upport at 1'181' here is also '@82fib retrace9ent
of rally fro9 lo7s
,our +ourly vie7
$upports 1'1810 1'68@6 1'68-?
&esistance 1'1842 1'1810 1'@800 1'@824 =200? triple top>
GOLD
Daily vie7 D $itting at the top of the consolidation range around the 1216 leveL8 A 9ove higher
here is a good bullish hourly reversal buy signal8 Ne5t resistance 12?2
+ourly vie7
&esistance 12?2 12?6 1'01=9a<or>
$upports 121@ 121@=9a<or> 126@ 126- 12'@=9a<or>
OIL #$ .T/ crude
Daily Bie7 D $ide7ays consolidation: no bounce8 .edge or pennant patterns that trade into the
ape5 lose their predictive po7ers this is 9ore liely a bear flag8 ?-800 3 ?-82' still loo lie
good areas to reload shorts for ?1860 !ood level for bounce longs but not a good enough level
for s7ing longs yet8
+ourly chart
$upport ?'811 ?2811 ?18-0=9a<or> ?182'=(an lo7>
&esistance is at ?-80042- ?-8?0 ?68-0 ?18'- ??8004??8'0=9a<or> ??8@0
DAX
Daily vie7 holding at the ?41- =-0E retrace9ent of the rally fro9 lo7s of '7s ago> and top of
channel is a sell entry for do7ntrend continuation
,our +ourly vie7
$upport at ?411 ?'-0 ?16@=9a<or>
&esistance ?-2- ?61@=9a<or> ?14@ ?1?0
S&P
Daily vie7 D Ne7 highs and big round nu9ber 2000 7e closed 7ell belo7 the highs of the day
7hich is not nor9ally bullish8 $till not a technical sell but 7atch the botto9 rail of this rising
7edge for a breado7n
,our +ourly vie7
&esistance 200041 2011=9a<or>
$upport 1??1 1?@04@'=9a<or> 1?1@
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