Daily Market Report – 29 October 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY
WTI Crude,
GOLD, SP500, and US30Y
Technical Recommendation: We are Short. Position overall ca +20 pips in profit.
► USDJPY: today’s inside pin bar suggests a test of 121.70 resistance is imminent but we will resist going Long with such low R:R (assuming 121.70 will act as resistance of course).
Technical Recommendation: should be looking to go Long on a retracement of today’s green candle.
► GOLD: still STTS Short and loving today’s market action. We remain Short and have ambitious targets for this trade.
Technical Recommendation: We are Short. Position +165 pips in profit.
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CHARTING LEGEND:
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