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Daily Technical Review – 11 June 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD,
GOLD
SP500
and DAX
► EUR/USD: today price attempted a pull back and met with buying inside the EMA layer. 1.1300 area still holding out as resistance and 1.1450 just above so we remain sidelined for now.
Technical Recommendation: Standing aside.
EURUSD – Daily
► GBP/USD: today’s inside pin bar isd a bullish sign. We remain STTS Long. Our target is off this chart.
Technical Recommendation: Long. Position +175 pips in profit.
GBPUSD – Daily
► AUD/USD: a doji at the 20 ema which is still holding out as resistance. A possible double bottom forming. Starting to look like a Long.
Technical Recommendation: Possible Double Bottom pattern. Looking to go Long.
AUDUSD – Daily
USDJPY – Daily
► USD/CAD: today price attempted a bounce but met with selling at the 8/20 emas. Still hoping for a bigger retracement to enter Short. We would like to see 1.2380 re-tested as resistance.
► GOLD: and inside pin bar today. This is starting to look like a Long possibility looking for price to break through 1200 once again and re-test 1220-1225 area.
Technical Recommendation: Looking to go Long.
XAUUSD – Daily
► SP500: after yesterday’s very strong bounce price stalled somewhat today. We hope to get a downside rotation around here.
Technical Recommendation: Looking to go Short higher up.
SP500 – Daily
► DAX: today the Dax ends ina pin bar at key area around 11300 which acted as support back in May and is now acting as resistance, based on today’s close well off teh highs. We could see a downside resumption from here. We are still partially STTS Short after 1st Target was hit 2 days ago and have moved the stop to break even on teh remainder of the positio9n. Traders not already Short should consider selling after today’s pin bar at confluent resistance.
Technical Recommendation: T1 hit for +785 points profit and 2.2 x Risk. Remaining 30% +350 points in profit.
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