Daily Market Report – 14 October 2015

Posted On 14 Oct 2015
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End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY,

GOLD

, SP500, and US30Y



► EUR/USD: for a while we’ve been saying thsi pair was likely to reach 1.1450 and today it happened. We could now see a rally to 1.1700 and 1.1800.
Technical Recommendation: Looking to go Long on any retracement.
                                                                 EURUSD – Daily

GBP/USD: after yesterday’s drop caused by UK Inflation figures we took half our position off the table and today, after very encouraging employment data, we decided to go Long again at 1.5362 intraday which proved to be the right decision as the market surged to close the day at 1.5473. We moved our stop from previous position (which was an entry of 1.5230) to below yesterday’s low and are now Long in 1.5 x Risk at an average of 1.5274 and looking good. Of course all these trade management decisions were communicated to our STTS subscribers in real time.
Technical Recommendation: Long in 1.5 x Risk and +200 pips in profit.
                                                                 GBPUSD – Daily

► AUD/USD: yesterday and today we got a retracement to the EMA layer and 0.7230 static support. We were hoping for a re-test of the 50 sma as well but this market is too resilient. We have to now consider going Long looking for this market to reach the Double Bottom target of 0.7630 in the medium term.
Technical Recommendation: Looking to go Long.
                                                                 AUDUSD – Daily
                           Back to Top

► USD/JPY: the imminent breakout happened today as price closed well below 119.70 support. A larger move to the downside could result from this so we will be looking to go Short on any pull back.
Technical Recommendation: Looking to go Short on a pull back.
                                                                USDJPY – Daily

GOLD: yesterday’s long tailed pin bar at 1170 resistance proved good for our Long position as we had discussed yesterday. Our target of 1200$ is close by.

Technical Recommendation: We are Long. Position +40$ in profit.

                                                               XAUUSD – Daily

► SP500: our Long at 1900 seems to have hit some resistance at 2000 which we had hoped would instead become support. As a result we have exited the trade @ 1995.4 at today’s close. We go into re-assessing mode and expect to see a further retracement.
Technical Recommendation: Taken Profit. +954 pips and +1.9 x Risk. Re-assessing.
                                                               SP500 – Daily

► US30Y: we went Long yesterday with a 2 entry strategy but the second Buy order has not yet been filled so we are Long in 1/2 Risk @ 158.09 and have cancelled the second Buy order.
Technical Recommendation: We are Long. Position +206 pips in profit.
                                                        US30Y Dec Future – Daily

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CHARTING LEGEND:


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