Daily Technical Analysis – 24 June 2014

Posted On 24 Jun 2015
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End of Day Technical Analysis Report for:


GOLD, WTI Crude, SP500 and DAX

► EUR/USD: a very small daily range today which does nothing to change our view. We are waiting for a test of the 50sma and the wedge target line.
Technical Recommendation: We are Standing aside as price is now near key support.
                                                                 EURUSD – Daily

GBP/USD: no buy signal at the ema layer today. Just a doji with a larger wick. This indicates that further downside is likely.
Technical Recommendation: Re-assessing.
                                                                 GBPUSD – Daily

► AUD/USD: our STTS Long is once again under slight pressure as price fell below our incost once again today. Still a long way away from our Stop level and we remain hopeful to see an upward surge soon.
Technical Recommendation: We are Long. Position -24 pips under water.
                                                                 AUDUSD – Daily
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► USD/JPY: price amazingly is still inside the mother candle range from 2 weeks ago. With 124.00 once again acting as resistance. Still looking at a possible Shorty around these levels.
Technical Recommendation: Looking for a Short.
                                                                 USDJPY – Daily

► USD/CAD: sadly today our STTS Short was stopped out. Price is now back at the 1.2380 significant level and looking like there may be more upside to follow. Next resistance level is 1.2535.
Technical Recommendation: Stopped out. Re-assessing.
                                                                 USDCAD – Daily

GOLD: a close off the lows of the day as price pushed below recent support. We may see an upward rotation at these levels.

Technical Recommendation: Starting to look at going long.

                                                                 XAUUSD – Daily

► WTI Crude: today there was a retreat from yesterday’s bullish tone and the upside breakout we have been expecting did not materialize. We are still STTS Long  and hope to see a surge in the next few sessions.
Technical Recommendation: We are Long. Position at Break Even.
                                                    WTI Crude – Daily

► SP5002120 in the end acted as fairly strong resistance as price backed off today. Back at 2100 support. We continue to stand aside with a view to go Short higher up.
Technical Recommendation: Looking to go Short higher up.
                                                                SP500 – Daily

DAX30: Price today filled yesterday’s gap as the 50 sma acted as resistance. We may look t re-enter Short around these levels.
Technical Recommendation: Re-assessing.
                                                                 DAX30 – Daily




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