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Daily Technical Analysis LevelsDaily Technical Analysis
Levelsfor week Tuesday 19 August 2014for week Tuesday 19 August
2014
Prepared y !icola DukePrepared y !icola Duke
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GBPUSD Daily view; Tiny inside day; sideways :arket The :ara u=o
line at 1 /3(( holding asresistance !eeds so:e consolidation efore
we can continue so this is not co:pelling tradeLonger view is +a le
stopped at 1 /// level ut first -i onacci target is slightly lower
at 1 //(0>2( / fi o fro: 201( low? atch the channel for
direction; a reak higher is interi: low-our ,ourly view
'esistance 1 /34/6@>:a or? 1 /3/3>last weeks low? 1 /@2.;
1 /90 1 /94/>:a or?%upport 1 //1/; 1 ///0 5 1 //(0
EURUSD
Daily view B weak inside day; still sideways consolidation:a or?
1 (1.0>:a or?'esistance 1 (4.0 1 (.0 >:a or?
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AUDUSD
Daily view #ullish continuation closed elow resistance
9(1369(2@>orange? ut #oA :inutespushed us through atch this
level for support to :ove higher today; ack elow is earishThis is
the key level to watch for short ter: direction today-our ,ourly
iew
'esistance 9(2@>:a or? 9(.3>:a or? 0 940.63%upport 92@@
9230 9(2@>:a or?
USDJPY Daily view ullish day off support; :oving averages
supportive; could see higher if we can clear
5 close a ove resistance at 102 /0The +F0 /1@A?and if we do not
rallyhere then it is ack to the otto: of the range at 101 1@
>+FA?-our ,ourly iew
%upports 102 4@ 5 102 (0 >:a or?'esistance 102 /0 102 34
>:a or? 102 @0 10( 00 >:a or? 10( 11
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EURGBP Daily view #earish pull ack day now resting on and
retesting the neck of ,5% pattern atchretest this level for a long
entry fro: the open4 hour chart view
%upport 39@0 >:a or? 3932 39.4 39(1'esistance 3993>:a or?
@0(0 @0//>:a or? @1..>:a or?
USDCHF
Daily view !o rollover; ullish reversal off 9020 support after
an A#F+D correction fro: last
weeks high >which is corrective not i:pulsive so not
earish?-our ,ourly view
%upports 0 90(9 0 901/619>:a or? 0 @9@. 0 @9.( >:a
or?'esistance 0 9092 0 9102 0 911(>:a or?
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USDCAD
Daily iew Tiny inside day sitting on 20e:a support ut elow 1 090
resistanceLooking for a ear flag or pennant pattern here for a leg
lower-our hour view
%upport 1 [email protected] 1 0@04 >:a or? 1 0340>:a or?'esistance 1
0@93 1 0920 1 09(0 1 09@0>:a or?
EURJPY
Daily view fought ack a ove last weeks lows and held is ullish
ut A#F+D e8ual :easured:ove rally is earish short ter: Long targets
re:ain 1(/ 20-our ,ourly view
%upports 1(/ 3/; 1(/ .9 >:a or? 1(/ 41 1(/ 22'esistance 1(3
12 >:a or?; 1(3 .06/0>:a or? 1(@ 00
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GOLD
Daily view inside day; still consolidating a ove reakout level;
now holding elow last weeksconsolidation we need to clear this area
to prove the ullish case129. is i:portant support to uy off or
trade elow-our ,ourly view
'esistance 1(00 1(2462. 1(42%upports 129.>:a or? 1291 @0
1233>:a or?
OIL $% T crudeDaily iew B inside day consolidation sideways The
support level 9. .0 ut the fi onacci
support is a uck lower at 94 34atch retest of the lows today for
a ounce that will sustain and a reversal higher this week-our
,ourly view
:a or?'esistance is at 93 (0 99 00699 (0>:a or? 99 @0
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DAX
Daily view inside day following -ridays earish engulfing
+onsolidating sideways#ullish ounce off the 2014 lows is failing a
it
