Daily Technical Report – 19 Oct 2015

Posted On 19 Oct 2015

By : TFF

End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, WTI Crude,

► EUR/USD: this pair has been making higher lows with 1.1450 as key resistance. More selling came in at 1.1450 late last week although a higher high was logged. We can expect price to fall back further this week possibly to reach the lower trendline around 1.1250 where we will look for price to rotate to the upside.

Technical Recommendation: price at EMA layer. Looking for price to rotate to the upside.

EURUSD – Daily

► GBP/USD: price consolidating around 1.5450. We are still Long at an average of 1.5274 and happy with the position. Any further retracements will be used as opportunities to add to it.

Technical Recommendation: Comfortably Long.

GBPUSD – Daily

► AUD/USD: we went Long last week looking for this market to reach the Double Bottom target of 0.7630 in the medium term. Price appears to be consolidating in what we hope is a triangle and if it is we are right at the bottom of it at today’s close. If price breaks through it, we may get stopped out. Let’s hope not.

Technical Recommendation: We are Long.

AUDUSD – Daily

► WTI Crude: we went Long in the Dec Future on Friday intraday. As a bonus, to see our reasoning behind this trade, we invite you to watch the STTS Video from the weekend. Price retreated today so we hope to see an upward rotation in the next couple of sessions.

Technical Recommendation: We are Long.

WTI – Daily

► GOLD: Thursday’s doji was followed by Friday’s bearish inside candle so in yesterday’s STTS analysis we told our subscribers that there was every chance this week we’d see a retracement down to the EMA layer in the 1150-1160 area. Today we saw the continuation of such a move and we can now see that the EMA layer is contained withing the 1156-1170 area which was touched today. We are happy to remain Long and in fact if we get a buy signal inside this area in the coming days we will consider adding to the position.

Technical Recommendation: We are Long. Position +25$ in profit.

XAUUSD – Daily

► SP500: Thursday’s bounce off 1995-2000 level which was resistance and turned to support, represents a change in polarity, which is quite bullish as price approaches our original target of 2040-2045 which did show major significance earlier in the year. But it’s difficult to go Long here as there is a lot of resistance above: the 200sma, 2070 and then all the choppy congestion above that from last year. See yesterday’s Weekly Bonus Video which also analyzes USDJPY and USDCAD.

Technical Recommendation: Looking to go Long on a pull back.

SP500 – Daily

► US30Y: we went Longlast week in 1/2 Risk and added to that position today after a pin bar which we believe has defined a new higher low.

Technical Recommendation: We are Long in Full Risk.

US30Y Dec Future – Daily

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CHARTING LEGEND:

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