Daily Technical Report – 17 Nov 2015

Posted On 18 Nov 2015
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End of Day Technical Analysis Report for:

GOLD, and SP500

► EUR/USD: today’s doji just below 1.0674 might mean we’ll see a retracement tomorrow but we still think this pair is destined for further downside. Next support levels at 1.0530 and 1.0470.
Technical Recommendation: Looking to go Short.
                                                                 EURUSD – Daily

GBP/USD: today we had hoped for a downside resumption. Instead the market posted another bull candle closing well off the lows which puts our Short positions under pressure.

Technical Recommendation: We are Short. Position under pressure.

                                                                 GBPUSD – Daily

► AUD/USD: a pin bar at 0.7070 support today makes for possible upside going into the end of the week. Not enough R:R even if we were to see a push to the 50 Fib at 0.7200 but we may get involved intraday on a tight stop if we see the opportunity.
Technical Recommendation: Possible push to 0.7200.
                                                                 AUDUSD – Daily
                           Back to Top

► USDJPY: an upside breakout today of recent highs bodes well for our Long. We expect the market to reach 124.25-125.80 prior resistance.

Technical Recommendation: We are Long.

                                                                 USDJPY – Daily

GOLD: price still stalling at key support 1070. A bullish candle tomorrow closing above 1080 might be the sign to go Long for a retracement.Technical Recommendation: Price at key support.

                                                               XAUUSD – Daily

► SP500: we were right not to worry about yesterday’s pin bar. Today price broke to the upside once again carrying Monday’s bullish momentum. We think we are likely to see new all time highs in the build up to Xmas.
Technical Recommendation: We are Long.
                                                               SP500 – Daily


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