Daily Technical Analysis – 21 Sept – 2015

Posted On 21 Sep 2015
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End of Day Technical Analysis Report for:


GOLD, SP500, and US30Y

► EUR/USD: today acted as bearish confirmation of Friday’s red candle. Price looks set to re-test the 50 sma and 1.1100 static support. We are looking for a short term Sell on a retracement with good R:R to 1.1100.
Technical Recommendation: Looking to go Short.
                                                                 EURUSD – Daily

GBP/USD: price backed off 1.5650 on Friday and today closed below the 50 sma. We expect to see a proper test of the EMA layer and 1.5475 where we might get a Buy signal.
Technical Recommendation: Price near key confluent support. Looking for a Buy signal.
                                                                 GBPUSD – Daily

► AUD/USD: 2 pin bars at conflent resistance were followed today by bearish confirmation. Even with 0.7100 support nearby we may well see short term downside so we will be looking to go Short on a retracement of today’s candle.
Technical Recommendation: Looking to go Short.
                                                                 AUDUSD – Daily
                           Back to Top

► USD/JPY: price has been going sideways now for the last 4 weeks but in a triangular fashion. A breakout is likely soon. Friday’s pin bar at the bottom of the triangle suggests it may be to the upside.
Technical Recommendation: Look for an upside breakout of the triangular consolidation pattern.
                                                                USDJPY – Daily

GOLD: Gold has bounce nicely off 1100 support as we had predicted in our brief STTS Video on Gold of 2 weekends ago. We expect today’s red candle to represent part of a consolidation to close the 1st wave of a 3 wave uptrend likely to re-test 1170 next and the 200 sma, so if not Long already you should be looking to go Long around the EMA layer.Technical Recommendation: Looking to go Long.

                                                               XAUUSD – Daily

► SP500: as discussed in the weekend’s Bonus Video, we see the index trading within the range 1900-2000. The last 2 red candles from last week have, in our opinion, set the tone for short term downside to re-test 1900 support so traders should be looking to go Short if sufficient R:R to 1900 target.
Technical Recommendation: Look for a test of 1900 support.
                                                               SP500 – Daily

► US30Y: today’s red candle almost nullified Friday’s bullish close above all the averages. We think price is set to retrace to the 50 fib level of the recent fall, around 157.40 so we will be looking for a Buy signal tomorrow.
Technical Recommendation: We are Long.
                                                        US30Y Dec Future – Daily



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