End of Day Technical Analysis Report for:
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.
CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account or investing in the TFF Capital Pool, should limit their exposure to maximum 10% of their investment capital.
Eligibility for participation in the capital pool is subject to final determination and acceptance by TFF.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.