Daily Technical Review – 25 Nov 15

Posted On 25 Nov 2015

By : TFF

End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY

GOLD, and SP500

► EUR/USD: another attempt to break below 1.0620 which failed and we have now set this as a significant level of support. Another doji as well so no change to our stance as price is consolidating here.

Technical Recommendation: Stand aside.

EURUSD – Daily

► GBP/USD: today’s bullish engulfing candle could mean a bounce at these levels. Look for a retrecament to 8 ema / 20 sma area.

Technical Recommendation: Look for a retracement.

GBPUSD – Daily

► AUD/USD: a doji at 0.7275 means we could see a pull back. In any case we remain bullish as long as price stays above 0.7200 and would welcome the chance to go Long.

Technical Recommendation: Looking to go Long.

AUDUSD – Daily

► USDJPY: today we were stopped out the rest of the position and of course price immediately bounced. We seem to be now in a range between 122.25 and 123.50.

Technical Recommendation: Stopped out. Re-assessing.

USDJPY – Daily

► GOLD: Gold has formed a base at 1069 and very close to the Stop for our Long position. We’d like to think that this level will hold as support but to do that price has to break and close above the 8 ema which has not happened in over 5 weeks. Fingers crossed.Technical Recommendation: We are Long.

XAUUSD – Daily

► SP500: we maintain our Long stance expecting recent highs to be reached. Yesterday’s long tailed pin bar was followed today by a doji, thus failing to follow through to the upside.

Technical Recommendation: We are Long.

SP500 – Daily

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMERThe information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.

Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.

Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.

Investments are not obligations of, deposits in, insured or guaranteed by TFF.

About the Author

TFF aims to provide our customers with the best skills and knowledge to achieve their personal financial goals and level the playing field. The senior officials and staff of the TFF Team have more than 80 years experience in financial product trading, sales and fund management. For more information on TFF CLICK HERE.