Daily Report 26 August 2015

Posted On 26 Aug 2015
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End of Day Technical Analysis Report for:


GOLD, SP500, DAX, and US30Y


► EUR/USD: following yesterday’s report we went STTS Long earlier today with a 2 entry strategy in response to yesterday’s inside pin bar. Today the Euro backed off triggering both our entries but remained weak into the close. Hopefully our Stop is wide enough to allow for an upward rotation.
Technical Recommendation: We are Long. Position under pressure.
                                                                 EURUSD – Daily

GBP/USD: our STTS Long was stopped out today as cable lost considerable ground. The upside breakout we played did not work out. We will now go into re-assessing mode as price shoudl test the 153.50-154.00 area of support.
Technical Recommendation: Stopped out. Re-assessing.
                                                                 GBPUSD – Daily

► AUD/USD: price seems to be stagnating around 0.7100. With 0.7000 key support just below we are reluctant to Short at these levels so we remain sidelined for now.
Technical Recommendation: Stand aside.
                                                                 AUDUSD – Daily
                            Back to Top

► USD/JPY: a green candle today suggests that the market is likely to want to test the 50 Fib level of the recent collapse which is at 120.68. We will wait for this level to be tested and see how price reacts to it.
Technical Recommendation: Stand aside.
                                                                USDJPY – Daily

► NZD/USD: a very quiet day in this pair. We are still STTS Long and today the second Buy order was also filled so we remain Long in 1 x Risk and hopeful for a decent bounce.
Technical Recommendation: We ar Long. Position close to Break Even.

GOLD: today we got the proper test of 1130 which we had expected BUT we did not get a signal to go Long. In fact price broke through this level with ease and points at further weakness, possibly to re-test 1100 as support. We need to re-assess though as our expectations to go Long were incorrect.Technical Recommendation: Stand aside.

                                                               XAUUSD – Daily

► SP500a bit of a rebound today counter-acting yesterday’s pin bar. Market looks like establishing a new box range in this area. We see now the gap at 1968 as a likely target for tomorrow.
Technical Recommendation: Look for the Gap to close.
                                                               SP500 – Daily

DAX30: simlarly to the S&P, a conflicting green candle today continues the rebound and now we see the 38.2 FIB level as a likely target around 10500.
Technical Recommendation: Look for a retracement to 10500.
                                                                DAX30 – Daily

► US30Y: our STTS Short today hit first target and got close to 2nd target. We had entered into 70% position at 160.30 and had remaining order to Short at 161.50 which was never filled so we are now all out at T1 for an overall +330 pips profit but only 1.2 x Risk. We hope some of our subscribers are holding out for T2.
Technical Recommendation: T1 Reached. +330 pips in profit (+1.2 x Risk)
                                                        US30Y Sep Future – Daily



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