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Daily Technical Analysis Levels Daily Technical Analysis Levels

for 27 August 2014 for 27 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 7 DA2 $3P-00
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GBPUSD
$unday nights gap lo7er support level holds a retest8 *onsolidation pattern <possible botto9ing=
pattern for9ing 7ith necline at 18.. but no7 potential double botto9 if 7e clear the necline
targets bac to 18... <that level again>=
+ourly vie7
&esistance 18.-.' 18..'0<9a?or= 18... 18..@2<;ay lo7= 18... <9a?or=
$upport 18.-'-A: 18.-27: 18.4-04-.<9a?or= 18.'7- 18.2A'<9a?or 3 short s7ing target=
EURUSD
*onsolidation range belo7 the unfilled $unday gap broe lo7er and no7 ?ust shy of testing
18'147 7hich is $& level <3 'Afib 2011 high42012 lo7=8
+ourly vie7
$upport 18'1-. 18'14A<9a?or= 18'017<9a?or=
&esistance 18'242 18'247<9a?or= 18''00 18''1.
AUDUSD
Daily vie7 $till stuc in the 7edge of last ' 7ees8 A brea long 7ould send A#D#$D bac to
the top of the range since April at @4.0 so a nice &B& trade8
,our +ourly Cie7
&esistance 08@'2A<9a?or= 08@'4A 08@'7' 08@410 08@4-.
$upport 08@2A7 08@2'A 08@20A<9a?or= 08@1''
USDJPY
Daily vie7 D do?i day8 $till up here at nosebleed levels and consolidating 10'87- good support
for no7: pull bac to 10'80@ should be good support on any retest8 DonEt fight the trend yet8
,our +ourly Cie7
$upports 10'87-<9a?or= 10'84- 10'80.
&esistance 10480'<9a?or= 104870 1048AA
EURGBP
Daily vie7 D bearish inside day8 ,ailure to hold 087@4@ <-0F retrace of the rally= negates 9y
long vie7 for no7 and need to see ho7 the 7ee closes8 No co9pelling trade here
4 hour chart vie7
$upport 087@4@4-4 087@'04'4 087A@0
&esistance 087@744A0<9a?or= 087@@7 08A0'-<9a?or= 08A074<9a?or=
USDCHF
Daily vie78 AT @1A- #$D*+, has 9ade A"G*D e6ual 9easured 9ove s7ings fro9 the ;ay lo78
The price action and bull flag suggest higher prices but this point even if it does not hold 7ill
liely be a pause level8 "ull flag pattern pro?ects 08@' so technically still a buy dips 9aret8
,our +ourly chart vie7 D bearish shooting star off resistance
$upports 08@14.<9a?or= 08@1-.<2014high= 08@1'' 08@2704A0 08@'<9a?or=
&esistance 08@1A04A-<9a?or= 08@210 08@2'7 08@'1'
USDCAD
Daily Cie7 after tripping the stops above co9ple5 double top 180@A2 price is reversing8 "elo7 8
"elo7 180A70 sets up 180A04 3 180774
,our +ourly vie7
$upport 180A70 180A444-0 180A04 <9a?or= 180774
&esistance 180@704' 10@8A- 18102. 1810-- 1811'- 1811AA4181200<9a?or=
EURJPY
Double topped at 18'A 3 continues to head lo7er as %#& is under pressure8 %#&(P) should find
support 7hen %#&#$D does
,our +ourly vie7
$upports 1'.8A. 1'.8-@ 1'.8'.442
&esistance 1'7810 1'7842 1'7870 1'A800 1'A824 <200@ triple top=
GOLD
Daily vie7 D "roe higher fro9 consolidation range around the 127. leveL8 And price has
returned to breaout level8 This is an entry point for bulls8 A 9ove higher here is a good bullish
hourly reversal buy signal8 Ne5t resistance 12@2
+ourly vie7
&esistance 12@2 12@. 1'00 1'07<9a?or=
$upports 127A 127A<9a?or= 12.A 12.- 12'A<9a?or=
OIL #$ /T0 crude
Daily Cie7 D $ide7ays consolidation: no bounce8 /edge or pennant pattern could beco9e a bear
flag8 @-800 3 @-82' still loo lie good areas to reload shorts for @18.0 !ood level for bounce
longs but not a good enough level for s7ing longs yet8
+ourly chart
$upport @'811 @2877 @18-0<9a?or= @182'<(an lo7=
&esistance is at @-80042- @-8@0 @.8-0 @78'- @@8004@@8'0<9a?or= @@8A0
DAX
Daily vie7 88 Previous support often beco9es resistance so the DA2 is banging its head here
and also the .18AF retrace9ent of the rally fro9 lo7s of '7s ago8 A sell entry for do7ntrend
continuation8
,our +ourly vie7
$upport at @-2- @411 @'-0 @1.A<9a?or=
&esistance @.1A<9a?or= @74A @7@0
S&P
Daily vie7 D $till nocing around 2000 and holding above8 No price action to sell yet8 /e could
be here all 7ee 888
,our +ourly vie7
&esistance 200041 2017<9a?or=
$upport 1@@1 1@A04A'<9a?or= 1@7A
444444444444444444444444444444444