GBP/USD Daily Technical Anlysis 22 AUG 14

GBP/USD:

Sterling driven by bear power and approaching the 1.6540 support level. We expect this level could give strong support.

If this level breaks sterling could fall to 1.6480 and 1.6429 levels.

S3	S2	S1	R1	R2	R3
1.6358	1.6429	1.6543	1.6616	1.6676	1.6728

EUR/USD Daily Technical Analysis 22 AUG 14

EUR/USD:

As per our Weekly Technical Analysis EURO found support at 1.3250 and breaks the important resistance level 1.3270 and close above this level. Now Euro get some bull power and approaching the 1.3303 level. If this breaks we can expect further upside upto 1.3352 resistance level.

The most preferable scenario is Euro approaching tough resistance at 1.33 and 1.3350 level. If this level hold through next week we can expect further weakness in Euro upto 1.3163 level.

S3	S2	S1	R1	R2	R3
1.33152	1.3224	1.3270	1.3303	1.3352	1.3382

EUR/USD Weekly Technical Analysis AUG'14

USD/CAD Daily Technical Analysis 21 AUG 14

USD/CAD:

The bullish traders get support from 1.0879 level and send the pair nearly 100pips rally on first three days of trading.

Todays open was just above the 1.0961 weekly R1 level, if this level breaks we can expect some consolidation.   As per trader sentiment USD still bullish but want to sustain above 1.0961 level and then there is no obstacles upto 1.1000 to 1.1015.

S3	S2	S1	R1	R2	R3
1.0872	1.0909	1.0961	1.1015	1.1126	-

AUD/USD Daily Technical Analysis 21 AUG 14

AUD/USD:

Aussie dropped below the major level 0.9300 yesterday and close below that level. Today weakness in Aussie seen in the asian market and reached 0.9238 support level and back above the 0.9265 support level. So we can expect some Aussie strength.

If Aussie breaks 0.9299 level then we could be expect further upside upto 0.9340 and 0.9386 levels.

S3	S2	S1	R1	R2	R3
0.9178	0.9238	0.9265	0.9299	0.9340	0.9386

 

Daily Technical Analysis 21 AUG 14

EUR/USD:

 

       

EURO Yesterday breaks and close below the  important support level 1.3270. Eur is supported by 1.3250 minor Weekly resistance. Further downside could be expected for this week.

S3	S2	S1	R1	R2	R3
-	1.3152	1.3224	1.3270	1.3304	1.3352

 GBP/USD:

After sterling open gap in starting of this week and fell sharply and breaks the important support level first 3 days of trading. We can expect further weakness on sterling could find support at 1.6540 and 1.6429.

S3	S2	S1	R1	R2	R3
1.6358	1.6429	1.6543	1.6616	1.6673	1.6728

USD/CHF:

 USD gains some momentum through out this week and trade above Weekly pivot resistance R2. Yesterday usd breaks some important resistance level 0.9100 and close above that level. So we can expect further upside 0.9175 and 0.9214. The minor weekly Gann resistance level 0.9180 also there.

S3	S2	S1	R1	R2	R3
0.9047	0.9075	0.9130	0.9175	0.9214	0.9265

 USD/JPY:

Due to strong USD this pair breaks the 103 level yesterday and rallies through 104 level. We can expect further upside 103.42, already USD breaks the Daily R1 level at 103.75.

S3	S2	S1	R1	R2	R3
102.69	103.05	103.55	103.75	104.32	105.56