fx dailycharts 13august

8/11/2019 FX DailyCharts 13August

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2/7

GBPUSDDaily view#ullish piercing line reversal candle7 a reliable reversal candle after probing stops below 168..0,our +ourly view

/e need to clear resistance at 16821 to confir5 the short ter5 uptrend and 16880 to confir55ediu5 ter5 uptrend6 Above that 168923 is pivotal resistance and 1689.- the -0: retrace ofthe )uly sell off6

(etrace5ent support levels today 168.937 168.8 & 168..0

EURUSDDaily viewThe Third test of 16333 has held for a bounce6 %hort ter5 still prefer a retrace to 163490 butas a counter;trend trade it needs so5e ti5e to turn the ship and 5ay still fail which would see

'$($%D continue lower to support and interi5 target of 1631-0+ourly view

/e need to watch this wedge< consolidation pattern6 16333- re5ains support7 short ter5 upside

resistance 163388 & 163420


3/7

AUDUSD

Daily view#ullish continuation day ; #ullish gartley fibonacci pattern fro5 the April lows and bullishha55er fro5 ,riday continue to wor! reversing Aussie ahead of the range botto5 at 9210+ourly =iew

/atch for resistance at 9360 & 9361. "artley pattern targets a 5ini5u5 of 9362- and li!ely areturn to the top of the range in the 94>s?a@or support below at 92600 and 91630

USDJPY

Daily view#ullish continuation day yesterday but still holding below -0: retrace of the decline since the

end of )uly7 a co55on place for shorts to reload 666+ourly =iew

This 10262-;30 level has been pivotal resistance since ,ebruary6 A reversal at the -0fib often5eans retraces up to : so we could see a deeper decline before higher6%upports 10260. & 1016.(esistance 10263-7 1026-07 102681


4/7

EURGBP

Daily viewCountertrend #ullish bat fibonacci pattern still in play targets return to 064Consolidating sideways this pair goes sideways a lotB this is one to watch for the inflation reporttoday

4 hour chart view

%upport .933 & .92-(esistance .90 .99- & 080

USDCHF

Daily view6

#earish ha55er after the -

th

test of 0691 resistance6 There are a couple of 5ar!et theories wecould apply here if you !noc! on a door enough ti5es it will brea! eventually and flat topsproduce 5ar!et dropsE6 t is !ey resistance and price action candles support a 5ove lower,our +ourly view

could 5a!e an argu5ent that this is a for5ing a dia5ond pattern here which 5eans another 3wee!s of sideways6(esistance 0691;06911-(ange support at 06903- & neFt step lower 069020


5/7

EURJPY

Daily view%5all bullish ha55er inside day6 Consolidation & holding support6 ong targets re5ain 138620A reversal higher here targets 139600,our +ourly view

%upports 1386807 1386407 13861;24(esistance 13.6107 13.6-0 5a@orB 13624

GOLD

Daily view%till waiting for follow through of ,ridays bearish shooting star7 another shooting star inside barTuesday6 %hort ter5 bearish pattern7 longs are waiting to buy lower6

,our +ourly view

f h&s triggers short target is 129-7 129160 & 12.(esistance at 1312 & 13227 if the pattern fails upside targets 1331 and 134


6/7

OIL$% /T crude

Daily =iew G o changef we botto5 9820;40 then its an A#C or A#HCD correction which is bullish and we will be bac!above 100 in short order and loo!ing for new 2014 highs so what we do here is !ey,our +ourly view

%till loo!ing for a botto5 and a brea! of this consolidation6?a@or %upport 9861- & 9-6.6 %upport today 98693

(esistance is at 96097 96-0 & 99600;996305a@orB

DAX

The ?arch low has not been bro!en to !eep the uptrend intact for now6 )ust6

Daily view#ullish piercing line candle pattern still wor!ing for 5ini5u5 target of 933- then 9820

,our +ourly view

/e have retraced -0: of the rally started and found support6 Trading above ,riday>s hightargets 933-;93-0 neFt6%upport at 90-0 & 92(esistance < targets 923-7 933- & 940


7/7

S&P

Daily view%till rallying off ,ridays low and the 362fib retrace5ent of the rally fro5 the 2014 low6 %hallowpull bac!s !eep this loo!ing very bullish6 This wee! is P' so eFpect the uneFpected6,our +ourly view

(esistance 19437 19496-07 19-4 19.0%upport 192- & 191.

SILVER

Daily view - inside days in a row sitting on 190 support after breaching it last wee!6 %ilver isstoring up energy for a 5ove and li!ely higher6

Daily chart ;

ntra;day levels to watch 1962 19- 20618 20628 2063 20684

(esistance on a brea! higher is at 20684 & 22624%upport below 19. is at 1988 19--

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fx dailycharts 13august

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