daily fx levels 22august

8/11/2019 Daily FX Levels 22August

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Daily Technical Analysis LevelsDaily Technical Analysis Levelsfor 22 August 2014for 22 August 2014

Prepared by Nicola DukePrepared by Nicola Duke

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GBPUSD Daily vie7: !earish continuation day cable is no7 trading side7ays to end the 7eek8 #till no

signal to buy:9uch better support lo7er do7n8 /n a declining channel < 7atch for breakout8*ard to reco99end selling here but there is no reason to buy yet8

*ourly vie7

%esistance 18--1, 18--&0=9a>or? 18-4- 18--=last 7eeks lo7? 18-@

#upport 18-,,4: 18-,2: 18-4,0,-=9a>or? 18-&@0

EURUSD Daily vie7 < +ound support at the at 18&24 fib level8 Above 18&2 should see us retest

previous support =beco9es resistance? at 18&&&2#hort target is 18&1,08 Do7n trend intact for no7 but remember there are MASSIVE shortsin EURUSD – the risk of a short squeeze higher is er! high8+our *ourly vie7

#upport 18&24 18&10 18&1,0=9a>or?%esistance 18&&00 18&&1@ 18&&&2 18&&4, 18&&, 18&4,0 18&,0 =9a>or?



AUDUSD

Daily vie7 !ullishBB *a99er double botto9 against last 7eeks lo7 bullish fibonacci patternstill in play: / like this long setup8 Above 08&4, confir9s double botto9 targets 084,,+our *ourly Cie7

%esistance 08&2@=9a>or? 08&4, 08&& 08410

#upport 082@@ 082&@ 0820@=9a>or? 081&&

USD"P# Daily vie7 .e are >ust shy of the ;arch high in "#D'P( at 104812,: / 7ould be surprised if 7e

didnt test it < it is ;A'% resistance8

.e are trading side7ays belo7 this level: 7orking off overbought conditions8 .atch for sellopportunity at range highs: or a break above8 !lue bo5 on chart is a fibonacci pattern sell Eone8+our *ourly Cie7

#upports 10&8,=9a>or? 10&84, 10&80-

%esistance 10480&=9a>or? 10480 1048@@



EURGBP

Daily vie7 < bullish side7ays consolidation day8 #ide7ays consolidation still bodes 7ell for$"%!P longs and daily closes above @080&, neckline level8 .e have 9ade an A!F)D e6ual9easured 9ove fro9 last 7eeks highs8 Longs still look good =if slo7?84 hour chart vie7

#upport 08@0=9a>or? 08-@ 0844 08&&

%esistance 08@ 08@0&,=9a>or? 08@0--=9a>or? 08@1,,=9a>or?

USD$%&Daily vie78 Dark cloud cover bearish reversal candle off 14- resistance and channel rail8

%esistance at 'an prev highs is 081,- but the fibonacci targets for this s7ing is higher at081@0 3 0820

.atch for a pull back to 08112 3 0810 to be support before a 9ove higherDaily chart vie7

#upports 08112 0810 0800 080& 0801-1=9a>or?%esistance 0814-=9a>or? 081,-=2014high? 081,@0=9a>or?



USD$AD

Daily Cie7 Dark cloud cover bearish reversal daily candle and a 4hour vie7 sho7s triple top off agood level 180@2This is a good looking sell setup G should take us to the 180 handle+our *ourly vie7

#upport 1801@21 180@0 180@44,0 180@04 =9a>or?

%esistance 180@2 18102- 1810,, 1811&, 1811@@181200=9a>or?

EUR"P#Daily !ullish into resistance 1&80 ='une lo7s H 'uly highs?: this could be a nice range trade

lo7er but 7atch for a rally =or short s6ueeEe? else7here in $"% 7hich could li9it8+our *ourly vie7

#upports 1&8-02 1&8,0 1&8&&: 1&81%esistance 1&80 1&@81, 1&@824 =200 triple top?



G'(D

Daily vie7 < bearish day into support area 7hich 7as 'an high and ;archHApril lo7s8 A goodlevel to buy off if the dollar rally slo7s8 *o7ever buyers be7are the 7edge pattern line fro9 'anlo7s is a bit lo7er G could 9ean a retest of the lo7s 88 or lo7er8+our *our vie7

%esistance 122 12- 1&0=9a>or?#upports 12@=9a>or? 12-@ 12-, 12&@=9a>or?

'I( "# .T/ crudeDaily Cie7 < Do>i day: support at a good level 281 and *ead and shoulders target fro9 the

'une highs8 Not a reversal pattern 7orth but this is a good cluster Eone of fibonacci levels so 7ecould get a reversal going8 G 18,0 is the bigger fibonacci target and the 'anuary lo7s8 All the

oscillators are oversold so 7e could see 9ore side7ays or flag patternDaily vie7

#upport &811 28 18,0=9a>or? 182&='an lo7?

%esistance is at ,8,0 ,8@0 -8,0 8&0 8008&0=9a>or? 8@0



DA)

Daily vie7 < 7e broke above the &@82fib &&, resistance and this should no7 be support for a9ove to 4, =,0I retrace9ent?+our *ourly vie7

#upport at 2,0 1,=9a>or? 0@- 0,0=9a>or? @0%esistance &&@,0=9a>or? 411 4&=9a>or?

S*P Daily vie7 < At ne7 highsB And hovering above8

A 7ord of 7arning G ;arkets that 9ake ne7 highs and then >ust sit there 7ith no ne7 buyers or9o9entu9 are a big flashing 7arning light to 9e G see 7hat happens today but a break of the

rising 7edge sho7n is a sell8+our *ourly vie7

%esistance 1& 200001 201=9a>or?#upport 11 1@0@&=9a>or?: 1@ 1,0 144=9a>or? 1&0

daily fx levels 22august

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