Technical Analysis – 25th August, 2014

August 25, 2014

Monday 25th 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

XAUUSD: The Gold’s slump temporarily stopped at $1270 per ounce, a strong support since March and the upward trendline since 2013- at the low of $1180. The middle term outlook of gold price seems to be pessimistic as the geopolitical tensions eased before the meeting between Russia and Ukrainian Presidents. The price plummeted from $1320 to current $1270 in just five trading days. Gold will probably bounce from this level in the next few days, in line with the short term bearish channel. However, the breakthrough of $1270 level may be inevitable in the middle term and after that the price will once again fall to its former low of $1180.

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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