Daily Market Report – 07 October 2015

Posted On 07 Oct 2015
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End of Day Technical Analysis Report for:



, SP500, and US30Y

► EUR/USD: a small retracement today after yesterday’s short term bullish close. We still think we may see a push to re-test 1.1435 resistance.
Technical Recommendation: Look to go Long with 1.1435 as target.
                                                                 EURUSD – Daily

GBP/USD: overnight we added to our STTS Long from last Friday and issued a new STTS Long signal to our subscribers. So we are now long for 2 x Risk and were rewarded today by the upside breakout we were hoping for. We are half way to T1 but the majority of our position is to T2.
Technical Recommendation: We are Long. Position +92 pips in profit.
                                                                 GBPUSD – Daily

► AUD/USD: we were hoping today to see a retracement at confluent dynamic resistance at the 50sma and the trendline in order to go Long for what we believe is a massive Double Bottom reversal in the making. We are waiting for the right entry on a retracement but we still haven’t got one as price today broke through said resistance and reached the 0.7230 significant level.
Technical Recommendation: Waiting for a double bottom Long entry and looking to go Long on a pull back.
                                                                 AUDUSD – Daily
                           Back to Top

► USD/JPY: market back in the middle of the range and the triangle. Surely a breakout is imminent, as we have been saying, but technically we really cannot see which way. Slight preference to the upside based only on the size of the tail of last Friday’s pin fakey.
Technical Recommendation: Breakout imminent. Slight preference to the upside.
                                                                USDJPY – Daily

GOLD: 1150 caused a doji today. As stated we have been looking to go Long as we think price is now set to test 1170 and the 200 sma but at these levels we have missed the boat. We will now need to see a retracement and a Buy signal at confluent support (maybe around 1140 and the EMA layer) to entice us to go Long.

Technical Recommendation: Looking to go Long for decent R:R to 1170.

                                                               XAUUSD – Daily

► SP500: we went STTS Long last Wednesday. Today price got withing a spread of our target but we decided to move it higher up to 2040 as we think this move could be sustained. We also moved our Stop higher to guarantee us a +670 pips profit.
Technical Recommendation: We are Long. Position +990 pips in profit.
                                                               SP500 – Daily

► US30Y: the EMA layer and 157.40 have worked as confluent dynamic and static support again today, with price closing dead on 157.40 and the 8 ema. The odds of an upward continuation have increased.
Technical Recommendation: Look for further strength and possible re-test of 160.50.
                                                        US30Y Dec Future – Daily




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