Daily Forex Technical Analysis - 27 Aug 2014 | Vantage FX

Technical Analysis – 27th August, 2014

August 27, 2014

Wednesday 27th August, 2014


Intraday Support & Resistance Levels


Technical Indicator Signals


Currency Pair Spotlight

XAUUSD: The escalating battle in eastern Ukraine helped Gold rebounding to $1290 per ounce in the early European trading session. As we have mentioned previously, the $1270 is a strong support level – the bounce was in line with expectations. It then lost most of its gains over the rest of the day. Geopolitical fears were eased as Israel and Hamas finally reached an agreement on a Gaza truce and bright U.S. data. $1270 will be critical in the next few days as the technical buying may not sustain. As long as the downward trend has not be broken, the mid-term outlook of Gold is still pessimistic.

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


Today’s Key Economic Calendar Events

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


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