Daily Technical Analysis LevelsDaily Technical Analysis Levelsfor 28 August 2014for 28 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 Daily view Consolidation pattern (could be bottoming or continuation) Range top 1.66 – range bottom 1.6536. Upside break targets 1.666 (that level again!) - break lower target 1.6457Hourly 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 small bullish engulfing day (open close engulfed previous day) set up is long to stair climb higher and back and fill the gap. 1.3147 major SR level (& 38fib 2011 high-2012 low).Hourly view

Support 1.32085 1.3185 1.3156 1.3147(major) 1.3017(major)Resistance 1.3241 1.3247(major) 1.3300 1.3316

AUDUSD Daily view Broke the wedge (H&S pattern) long now at resistance of 3 wks ago. A further break higher targets top of the range since April at 9460 so a nice R:R trade. Buy dips … below 9320 negates bullish patternFour Hourly View

Resistance 0.9357 0.9373 0.9390 (major) 0.9407 0.9435Support 0.9328(major) 0.9327 0.9287 0.9238 0.9208(major)

USDJPY Daily view – H&S topping pattern. On 103.75 support, break lower targets 103.49 & 103.37, but 103.07 & 102.27 likely if this squeezes. The short yen long dollar position is very crowdedFour Hourly View

Supports 103.75(major) 103.45 103.06(major) 102.27(major)Resistance 103.86 103.95-104.03(major) 104.70 104.88

EURGBP Daily view – Bullish hammer yesterday off bottom of possible equidistant rising channel is a buy set up. Resistance 7980 and Sunday night gap still not filled. Wait for pullback to enter or low to be retested for counter-trend longs 4 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. Rolled over at 9185 AB=CD target, measured move swings work! Bull flag pattern projects 0.93 so technically still bullish but this week looking for pullbacks to 91.04 & possibly 90.82Four Hourly chart view

Supports 0.9133 0.9104 0.9034 0.8950Resistance 0.9156 (2014high) 0.9180-85(major) 0.9210 0.9237 0.9313

USDCAD Daily View Bearish Marabuzo, complex double top confirmed targets 1.0774 (watch resistance 1.0804). Sell rips not dips.Four Hourly view

Support 1.0804 (major) 1.0774 1.0763 1.0677 1.0656Resistance 1.0844-50 1.0874 1.0925 1.0985(major)

EURJPY Doji day, found support as EURUSD did. With USDJPY headed lower and EURUSD supported EURJPY could see some sideways trading. Daily trend is still lower but this could be inverted H&S bottomFour 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 but higher is slow progress in summer markets. Fibonacci targets / sell pattern at 1293.20 & 1296 Hourly view

Resistance 1293 1296 1300 1307(major)Supports 1278 1278(major) 1268 1265 1238(major)

OIL US WTI crude Daily View – inside day doji. 4th inside bar for Crabel ORB traders – could be set to make a move. Wedge or pennant pattern could become a bear flag. 95.00 & 95.23 still look like good areas to reload shorts for 91.60 Good level for bounce longs not sure its a swing.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 small bearish doji at previous support becomes resistance and 61.8fib. This is a sell setup back to the 38.2 fib at 9330. Note technical analysis does not predict it will go lower, just that its a good place to know where you are wrong with a tight stop = good risk management.Four Hourly view

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

S&P Daily view – Toppy but still knocking around 2000 and holding above. No price action to sell yet. We could be here all week ...Four Hourly view

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

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