Daily Technical Analysis Levels Daily Technical Analysis Levels

for 28 August 2014 for 28 August 2014

Prepared by Nicola Due Prepared by Nicola Due

Page 2 !"P#$D %#&#$D
Page ' A#D#$D #$D(P)
Page 4 %#&!"P #$D*+,
Page - #$D*AD %#&(P)
Page . !old /T0 1il
Page 2 DA3 $4P-00
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GBPUSD
Daily vie8 *onsolidation pattern =could be botto:ing or continuation> &ange top 19.. ? range
botto: 19.-'.9 #pside brea targets 19... =that level again@> 5 brea lo8er target 19.4-2
+ourly vie8
&esistance 19.-.' 19..'0=:aAor> 19... 19..B2=<ay lo8> 19... =:aAor>
$upport 19.-'-8; 19.-22; 19.4-05-.=:aAor> 19.'2- 19.28'=:aAor 4 short s8ing target>
EURUSD
s:all bullish engulfing day =open close engulfed previous day> set up is long to stair cli:b
higher and bac and fill the gap9 19'142 :aAor $& level =4 '8fib 2011 high52012 lo8>9
+ourly vie8
$upport 19'208- 19'18- 19'1-. 19'142=:aAor> 19'012=:aAor>
&esistance 19'241 19'242=:aAor> 19''00 19''1.
AUDUSD
Daily vie8 "roe the 8edge =+4$ pattern> long no8 at resistance of ' 8s ago9 A further brea
higher targets top of the range since April at B4.0 so a nice &C& trade9 "uy dips D belo8 B'20
negates bullish pattern
,our +ourly Eie8
&esistance 09B'-2 09B'2' 09B'B0 =:aAor> 09B402 09B4'-
$upport 09B'28=:aAor> 09B'22 09B282 09B2'8 09B208=:aAor>
USDJPY
Daily vie8 ? +4$ topping pattern9 1n 10'92- support; brea lo8er targets 10'94B 4 10'9'2;
but 10'902 4 102922 liely if this s7ueeFes9 The short yen long dollar position is very cro8ded
,our +ourly Eie8
$upports 10'92-=:aAor> 10'94- 10'90.=:aAor> 102922=:aAor>
&esistance 10'98. 10'9B-510490'=:aAor> 104920 104988
EURGBP
Daily vie8 ? "ullish ha::er yesterday off botto: of possible e7uidistant rising channel is a buy
set up9 &esistance 2B80 and $unday night gap still not filled9 /ait for pullbac to enter or lo8 to
be retested for counter5trend longs
4 hour chart vie8
$upport 092B4B5-4 092B'05'4 0928B0
&esistance 092B24580=:aAor> 092BB2 0980'-=:aAor> 098024=:aAor>
USDCHF
Daily vie89 &olled over at B18- A"G*D target; :easured :ove s8ings 8or@
"ull flag pattern proAects 09B' so technically still bullish but this 8ee looing for pullbacs to
B1904 4 possibly B0982
,our +ourly chart vie8
$upports 09B1'' 09B104 09B0'4 098B-0
&esistance 09B1-. =2014high> 09B18058-=:aAor> 09B210 09B2'2 09B'1'
USDCAD
Daily Eie8 "earish <arabuFo; co:ple6 double top confir:ed targets 190224 =8atch resistance
190804>9 $ell rips not dips9
,our +ourly vie8
$upport 190804 =:aAor> 190224 1902.' 190.22 190.-.
&esistance 1908445-0 190824 190B2- 190B8-=:aAor>
EURJPY
DoAi day; found support as %#&#$D did9 /ith #$D(P) headed lo8er and %#&#$D supported
%#&(P) could see so:e side8ays trading9 Daily trend is still lo8er but this could be inverted
+4$ botto:
,our +ourly vie8
$upports 1'.98. 1'.9-B 1'.9'.542
&esistance 1'2910 1'2942 1'2920 1'8900 1'8924 =200B triple top>
GOLD
Daily vie8 ? "roe higher fro: consolidation range but higher is slo8 progress in su::er
:arets9 ,ibonacci targets H sell pattern at 12B'920 4 12B.
+ourly vie8
&esistance 12B' 12B. 1'00 1'02=:aAor>
$upports 1228 1228=:aAor> 12.8 12.- 12'8=:aAor>
OIL #$ /T0 crude
Daily Eie8 ? inside day doAi9 4
th
inside bar for *rabel 1&" traders ? could be set to :ae a
:ove9 /edge or pennant pattern could beco:e a bear flag9 B-900 4 B-92' still loo lie good
areas to reload shorts for B19.0 !ood level for bounce longs not sure its a s8ing9
+ourly chart
$upport B'911 B2922 B19-0=:aAor> B192'=(an lo8>
&esistance is at B-90052- B-9B0 B.9-0 B29'- BB9005BB9'0=:aAor> BB980
DAX
Daily vie8 s:all bearish doAi at previous support beco:es resistance and .198fib9 This is a sell
setup bac to the '892 fib at B''09 Note technical analysis does not predict it 8ill go lo8er; Aust
that its a good place to no8 8here you are 8rong 8ith a tight stop G good ris :anage:ent9
,our +ourly vie8
$upport at B-2- B411 B'-0 B1.8=:aAor>
&esistance B.18=:aAor> B248 B2B0
S&P
Daily vie8 ? Toppy but still nocing around 2000 and holding above9 No price action to sell yet9
/e could be here all 8ee 999
,our +ourly vie8
&esistance 200051 2012=:aAor>
$upport 1BB1 1B8058'=:aAor> 1B28
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