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End of Day – 15 April 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, GOLD , SP500
and USDCAD
► EUR/USD: today ended as an inside pin bar which is a possible sign of strength to come. So we moved our Stop to 1.0722, just above the mother candle high, to guarantee us 60 pips profit if indeed the market jumps tomorrow.
Technical Recommendation: We are Short. Position 100 pips in profit.
EURUSD – Daily
► GBP/USD: the EMA layer was further tested today as price ended right on the 20ema. Definitely no sell signals here. If price breaks to the upside we will have to change our stance to a possible Long.
Technical Recommendation: Looking at price reaction to the 20 ema.
GBPUSD – Daily
► AUD/USD: similarly to Sterling, price ends right on the 20 ema and no sign of a sell signal. Price still contained within the recent range 0.7570 and 0.7694 so no change to our stance for now.
Technical Recommendation: Stand aside.
AUDUSD – Daily
USDJPY – Daily
► GOLD: Gold continues to confuse us. Today price closed above 1200 again. In trying to make sense of the recent price action we have projected a possible rising channel Gold may be into. If we are correct, then a short term Long with good R:R to the top of the channel may be our next call.
Technical Recommendation: Looking to trade inside the rising channel.
XAUUSD – Daily
► SP500: today price reacted to yesterday’s pin bar and reached 2100 again, where we took profit on 70% of our recent Long trade. We are trailing the stop on the remainder and it does look like the upside will continue.
Technical Recommendation: Taken 565 pips in partial profit. Trailing remaining position.
SP500 – Daily
► USD/CAD: our STTS Long for 1/2 Risk was stopped out today as price broke convincingly through the bottom of recent consolidation. This is a game changer and we will now change our stance to going short on any retracement.
Technical Recommendation: Stopped out. Looking to go Short.
USDCAD – Daily
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