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End of Day – Technical Report 27 October 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY
WTI Crude,
GOLD, SP500, and US30Y
► EUR/USD: not much change to the last couple of commentaries. After breaching 1.1100 we expect further downside this week but are looking for a retracement to 1.1100 and a signal to go Short.
Technical Recommendation: Looking for a Sell signal at 1.1100.
EURUSD – Daily
► GBP/USD: yesterday we went STTS Short with a 2 entry strategy. The second Limit Order did not trigger even today as price broke down. We see this pair potentially reaching 1.5100 with a pause around 1.5250. We will be looking to add to our Short.
Technical Recommendation: We are Short. Looking to double the position.
GBPUSD – Daily
► AUD/USD: sadly, the bottom of the ‘would be’ triangle failed today as support and price closed below it. We can see this pair undergoing now a major correction to the downside. We don’t think the downward sloping 50 sma will put up much of a fight so we see price reaching 0.7100 this week.
Technical Recommendation: Stopped out for -136 pips and -1.0 x Risk. Looking to go Short.
AUDUSD – Daily
► USDJPY: yesterday we stated that bias has changed to bullish so we would consider going Long on a retracement. Today price did retrace further and found support at the 38.2 Fib. We will be looking for a re-test of the 50 Fib and possibly go Long in that area (119.70-119.80)
Technical Recommendation: Changed to Bullish bias. Looking for a Buy signal at teh 50 Fib level.
USDJPY – Daily
► WTI Crude: price today broke through 43.50 key static support and closed below it, so as mentioned yesterday, this could signal a substantial move to the downside again as there is little support until 37.80. The only spoiler from making us go Short here is the close well off the lows which makes us hesitate, so we will be waiting to see what price does tomorrow.
Technical Recommendation: Shorting bias depending on tomorrow’s action.
WTI – Daily
► GOLD: a small bullish candle today, still inside last Friday’s mother pin bar at resistance. We think this market is setting up for a Short.Technical Recommendation: Looking to go Short.
XAUUSD – Daily
Technical Recommendation: Stand aside.
SP500 – Daily
► US30Y: glad we said we would see the inside bar set-up play out. Today ends as a fake upside breakout of Friday’s mother candle ending in a pin bar at confluent resistance of the upper trendline. This looks like a ‘fakey Short’. We will consider going Short tomorrow.
Technical Recommendation: Looking to go Short.
US30Y Dec Future – Daily
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