Professional Documents
Culture Documents
FX Levels 20august
FX Levels 20august
for week Tuesday 20 August 2014 for week Tuesday 20 August 2014
Prepared by icola Duke Prepared by icola Duke
Page 2 !"P#$D %#&#$D
Page ' A#D#$D #$D(P)
Page 4 %#&!"P #$D*+,
Page - #$D*AD %#&(P)
Page . !old /T0 1il
Page 2 DA3 $4P-00
Talking5,ore6 is uni7ue in that it is the only audio service in the world that is available 24 hours a day and e6clusively
for ,3 traders8 0t is delivered by our highly skilled tea9 of Talking5,ore6 analysts around the clock fro9 $unday
evening through to ,riday evening8 %very 9e9ber of our tea9 has a different 9arket speciality and each one has a
nu9ber of years e6perience working for an invest9ent bank: hedge fund or financial news agency8
;ost i9portantly Talking5,ore6 analysts are co9pletely independent and neutral in their opinions8
GBPUSD
Daily view: "earish outside day we have dropped to 18..'0 fib and 18''02 support level
overnight8 /atch for "o% 9inutes but 0 a9 looking for support here for a swing long trade8
*lose below 18.. says the trade is wrong8 /atch the channel for direction8
,our +ourly view
&esistance 18..20 18.24.<9a=or> 18.2.2<last weeks low> 18.?@2
$upport 18.-.4: 18.4-05-.<9a=or> 18.'?0
EURUSD
Daily view A /edgeBcoil has broken downwards and is an e6cellent short trade on a pullback for
the ne6t target level of 18'1-0
,our +ourly view
$upport 18''0. 18'2@. 18'240 18'1-0<9a=or>
&esistance 18'''- 18''2- 18'4-0 18'-0 <9a=or>
AUDUSD
Daily view !ov $tevens prediction that the ,ed will be the first 9a=or *" to hike rates sent the
A#D#$D lower overnight so no daily close above the pivotal 08@'22 we were watching8 08@220
needs to hold as support today to keep bull hopes alive or we risk new lows and back to the
botto9 of the range at 08@2108 08@2@0 here at the open is a good level
+ourly Ciew
&esistance @'2?<9a=or> @'-2<9a=or> 08@40-52
$upport @2?? @220 08@2'? @'2?<9a=or>
USDJPY
Daily view bullish day to new highs give us fibonacci targets of 10'8-0 and 104800
"earish A"*D pattern noted yesterday is negated by the new highs
,our +ourly Ciew
$upports 10'800 10282? 4 102842<9a=or> 102822
&esistance 10'8'? 10'8-0<9a=or>
EURGBP
Daily view cable has hit potential support level and %#&#$D broke resistance so this does not
bode well for %#&!"P longs and chart shows us holding below ?0'- resistance which is likely
the new neckline8 0 still favour longs but have taken so9e profit and waiting for consolidation or
a pattern entry to rebuy8
4 hour chart view
$upport 2@@2 2@?0<9a=or> 2@22 2@44
&esistance ?0'-<9a=or> ?0..<9a=or> ?1--<9a=or>
USDCHF
Daily view8 "ullish breakout back to the top of the range @1045@114
$elling this range has worked three ti9es previously but eventually all good things stop working8
The price action is suggesting test of 2014 highs fro9 (an at 08@1-.'
,our +ourly view
$upports 08@0@0 08@0'@ 08@01.51@<9a=or>
&esistance 08@104 08@114<9a=or> 08@1-.<2014high>
USDCAD
Daily Ciew "ullish and back at the 180@0 resistance 4 -0D retrace9ent of the 2014 decline fro9
;arch highs8 0f we 9irror the price action in ;ay in this price range we should see sideways
trading 4 a leg lower again before we can break higher8 o co9pelling trade set up here today8
+ourly view
$upport 180?445-0 180?04 <9a=or> 180240<9a=or>
&esistance 180?@2 180@20 180@'0 180@?0<9a=or>
EURJPY
Daily view fought back above last weeks lows and held is bullish but A"E*D e7ual 9easured
9ove rally is bearish short ter98 Long targets re9ain 1'.820
$hort ter9 bearish fibonacci pattern could send us back to 1'2 4 1'.8?0
+ourly view
$upports 1'.82.: 1'.8-@ <9a=or> 1'.841 1'.822
&esistance 1'2812 <9a=or>: 1'28-05.0<9a=or> 1'?800
GOLD
Daily view A another inside day has us back at the 12@- breakout level8 This is still the
unbroken key support level8 A break below 12@- has target of 122?
,our +ourly view
&esistance 1'00 1'2452- 1'42
$upports 12@-<9a=or> 12@18?0 122?<9a=or>
OIL #$ /T0 crude
Daily Ciew A crude has found support after falling through the fibonacci level at @4824
This is a key level for a reversal here: but so far the price action is not too pro9ising8
"ack below this level there is no fibo target til @18-0
0 prefer buying against @4824 for now
,our +ourly view
;a=or $upport @-800 @48.0520<9a=or> @'811
&esistance is at @-8-0 @-8?0 @.8-0 @28'0 @@8005@@8'0<9a=or> @@8?0
DAX
Daily view A hit yesterdays 9ini9u9 target of @''? then reversed8 "ulls i9portant support
@2-0 4 9a=or support @12-
,our +ourly view
$upport at @2-0 @12-<9a=or> @0?. @0-0<9a=or> ?@0@
&esistance @''?5-0<9a=or> @411 @42'<9a=or>
S&P
Daily view A has hit botto9 of key fibonacci resistance Fone8 Above this Fone we will 9ake new
highs <target 2012>: a reversal here G we should 9ake a new 2014 low below (uly lows8
/atch out for ,1;* 9inutes8 0 favour the bearish view and will atte9pt s9all shorts against
this level8
,our +ourly view
&esistance 1@2?: 1@?05?'<9a=or>: 1@@1: 2012
$upport 1@-0 1@44<9a=or> 1@'0
555555555555555555555555555555555