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Daily Market Report – 29 Sept 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY,
GOLD, SP500, and US30Y
► EUR/USD: a doji today with a slightly higher close than yesterday. Our view is same as yesterday.
Technical Recommendation: Look for a short term bounce. Possible target 1.1435 resistance.
EURUSD – Daily
► GBP/USD: not much different from yestyerday. We are now right at the bottom of the recent range. Today’s low was a failed attempt to break 1.5134 support and Friday’s outside candle low. An upside breakout this week could see the market re-testing 1.55 resistance, while a downside breakout could result in a much bigger move down to potentially 1.4650 support.
Technical Recommendation: standing aside watching what price action does at this key support level.
GBPUSD – Daily
► AUD/USD: an inside doji today leaves us none the wiser. Only today’s low was a couple of pips below the mother candle low of the recent inside bar formation. This could be the fake downside breakout we were waiting for but it wasn’t deep enough to take out all the stops below the recent swing low so not as yet the potential double bottom we are hoping for.
Technical Recommendation: Looking to go Long on a fake downside breakout.
AUDUSD – Daily
USDJPY – Daily
► GOLD: Gold has retraced to the 50 Fib level and stopped. We think an upward rotation between here and the 50 sma is likely.Technical Recommendation: Looking to go Long at the 50sma.
XAUUSD – Daily
Technical Recommendation: Look for a bounce on a re-test of 1830-1860 support.
SP500 – Daily
► US30Y: price today closed above the 50 Fib level around 157.50 so, as discussed yesterday, we could next see a major push to the upside to possibly re-test the 162.00-162.50 area..
Technical Recommendation: Possible upside breakout.
US30Y Dec Future – Daily
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