daily fx levels 21august

8/11/2019 Daily FX Levels 21August

1/7

Daily Technical Analysis LevelsDaily Technical Analysis Levelsfor 21 August 2014for 21 August 2014

Prepared by Nicola DukePrepared by Nicola Duke

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2/7

GBPUSDDaily vie7: !earish continuation accelerating: !P"#D dropped through 18--&0 fib 3 level8

)able is still in the declining channel 3 only a breakout no7 confir9s a 9ove higher8)able has not had < consecutive do7n 7eeks in 9ore than 2, years: this is 8

*ard to reco99end selling here but there is no reason to buy yet8+our *ourly vie7

%esistance 18--1, 18--&0=9a>or? 18-4- 18--=last 7eeks lo7? 18-or? 18-&or?%esistance 18&24 18&2@- 18&&0- 18&&&, 18&&, 18&4,0 18&,0 =9a>or?


3/7

AUDUSD

Daily vie7 rinding lo7er back to the early August lo7s8 .atch for a break belo7 @2,0 itnegates the bullish fibonacci pattern has back to @20< ne5t: the range lo7 since April8+our *ourly Bie7

%esistance 08@22 08@2or?

#upport 08@2&< 08@20or? 08@1&&

USDJPYDaily vie7 bullish day to ne7 highs give us fibonacci targets of 10&8,0 and 104800

!earish A!)D pattern noted yesterday is negated by the ne7 highs

+our *ourly Bie7

#upports 10&8,=9a>or? 10&84, 10&80-%esistance 10480&=9a>or? 10480 1048


4/7

EURGBP

Daily vie7 bearish day: reversed Tuesdays gains8 #ide7ays consolidation still bodes 7ell for$"%!P longs and daily closes above


5/7

USDCAD

Daily Bie7 !ullish 7e handily cleared the 'une highs 3 ,0E retrace9ent of the 2014 decline at180@4< and this is third test of 'uly highsTriple top anyoneF This is a good level*ourly vie7

#upport 180@4< 180@1< 180


6/7

GOLD

Daily vie7 strong dollar sent gold back to 12< area 7hich 7as 'an high and ;archGApril lo7s8A good level to buy off if the dollar rally slo7s8Daily vie7

%esistance 12@2 12@- 1&0=9a>or?#upports 12or? 12-< 12-, 12&or?

OIL"# .T/ crude

Daily Bie7 the selling continues and accelerates8 @484 support did not hold8 Trendline fro9

200@ lo7s has gone8@18,0 is the fibonacci target and the 'anuary lo7s8 All the oscillators are oversold but no reasonto buy until then

+our *ourly vie7

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

%esistance is at @,8,0 @,8or? @@8


7/7

DAX

Daily vie7 #till holding at the &or support @1,+our *ourly vie7

#upport at @2,0 @1,=9a>or? @0or? or?

S&P

Daily vie7 !ullish and through the key fibonacci resistance Hone8 .e are in a cats 7hisker ofthe 'uly highs8 The overnight 7edge pattern or a pullback to 1@or?

#upport 1@or? 1@&0

daily fx levels 21august

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