Daily Technical Analysis LevelsDaily Technical Analysis Levelsfor 27 August 2014for 27 August 2014

Prepared by Nicola DukePrepared by Nicola Duke

Page 2 GBPUSD EURUSDPage 3 AUDUSD USDJPYPage 4 EURGBP USDCHFPage 5 USDCAD EURJPY

Page 6 Gold WTI OilPage 7 DAX S&P500

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GBPUSD Sunday nights gap lower support level holds a retest. Consolidation pattern (possible bottoming)pattern forming with neckline at 1.66 but now potential double bottom if we clear the neckline targets back to 1.666 (that level again!)Hourly view

Resistance 1.6563 1.6630(major) 1.666 1.6692(May low) 1.666 (major)Support 1.65358, 1.6527, 1.6450-56(major) 1.6375 1.6283(major & short swing target)

EURUSD Consolidation range below the unfilled Sunday gap broke lower and now just shy of testing 1.3147 which is SR level (& 38fib 2011 high-2012 low).Hourly view

Support 1.3156 1.3148(major) 1.3017(major)Resistance 1.3242 1.3247(major) 1.3300 1.3316

AUDUSD Daily view Still stuck in the wedge of last 3 weeks. A break long would send AUDUSD back to the top of the range since April at 9460 so a nice R:R trade.Four Hourly View

Resistance 0.9328(major) 0.9348 0.9373 0.9410 0.9456Support 0.9287 0.9238 0.9208(major) 0.9133

USDJPY Daily view – doji day. Still up here at nosebleed levels and consolidating 103.75 good support for now, pull back to 103.09 should be good support on any retest. Don't fight the trend yet.Four Hourly View

Supports 103.75(major) 103.45 103.06 Resistance 104.03(major) 104.70 104.88

EURGBP Daily view – bearish inside day. Failure to hold 0.7949 (50% retrace of the rally) negates my long view for now and need to see how the week closes. No compelling trade here4 hour chart view

Support 0.7949-54 0.7930-34 0.7890Resistance 0.7974-80(major) 0.7997 0.8035(major) 0.8074(major)

USDCHF Daily view. AT 9185 USDCHF has made AB=CD equal measured move swings from the May low. The price action and bull flag suggest higher prices but this point even if it does not hold will likely be a pause level. Bull flag pattern projects 0.93 so technically still a buy dips market.Four Hourly chart view – bearish shooting star off resistance

Supports 0.9146(major) 0.9156(2014high) 0.9133 0.9270-80 0.93(major) Resistance 0.9180-85(major) 0.9210 0.9237 0.9313

USDCAD Daily View after tripping the stops above complex double top 1.0982 price is reversing. Below . Below 1.0870 sets up 1.0804 & 1.0774

Four Hourly viewSupport 1.0870 1.0844-50 1.0804 (major) 1.0774Resistance 1.0970-3 109.85 1.1026 1.1055 1.1135 1.1188-1.1200(major)

EURJPY Double topped at 1.38 & continues to head lower as EUR is under pressure. EURJPY should find support when EURUSD doesFour Hourly view

Supports 136.86 136.59 136.36-42Resistance 137.10 137.42 137.70 138.00 138.24 (2009 triple top)

GOLD Daily view – Broke higher from consolidation range around the 1276 leveL. And price has returned to breakout level. This is an entry point for bulls. A move higher here is a good bullishhourly reversal buy signal. Next resistance 1292 Hourly view

Resistance 1292 1296 1300 1307(major)Supports 1278 1278(major) 1268 1265 1238(major)

OIL US WTI crude Daily View – Sideways consolidation, no bounce. Wedge or pennant pattern could become a bearflag. 95.00 & 95.23 still look like good areas to reload shorts for 91.60 Good level for bounce longs but not a good enough level for swing longs yet.Hourly chart

Support 93.11 92.77 91.50(major) 91.23(Jan low)Resistance is at 95.00-25 95.90 96.50 97.35 99.00-99.30(major) 99.80

DAX Daily view .. Previous support often becomes resistance so the DAX is banging its head here and also the 61.8% retracement of the rally from lows of 3wks ago. A sell entry for downtrend continuation.Four Hourly view

Support at 9525 9411 9350 9168(major) Resistance 9618(major) 9748 9790

S&P Daily view – Still knocking around 2000 and holding above. No price action to sell yet. We couldbe here all week ...Four Hourly view

Resistance 2000-1 2017(major)Support 1991 1980-83(major) 1978

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