Technical Analysis – 20th August, 2014

August 20, 2014

Wednesday 20th August, 2014

 

Intraday Support & Resistance Levels

Support Resistance 140814 | MXT Global Forex

 

Technical Indicator Signals

technical inidcators 140814 | MXT Global Forex

 

Currency Pair Spotlight

NZDUSD 190814 | MXT Global Forex

GBPUSD: The Sterling plummeted to the 1.66 integer level as the inflation level was surprisingly lower than expected. The July inflation rate implied that the first interest rate rising by BOE might be further delayed. The Sterling touched lows of the last four months yesterday. Technically, Alligator is in short order, AO is in deep negative area, and RSI fell back below 30. It is a clear bearish trend but the risk of bounce is increasing. Traders seem to be waiting for the BOE Meeting Minutes for their next moves today. Some expect that the MPC voting may show at least one member to be more hawkish this time.

For a full market wrap up, see Anthony’s Daily Forex Market Report.

 

Today’s Key Economic Calendar Events

econ cal 140814

For the full week’s outlook of events, please see our Economic Calendar

 

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