Daily Technical Review – 25 Nov 15

Posted On 25 Nov 2015
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End of Day Technical Analysis Report for:


GOLD, and SP500

► EUR/USD: another attempt to break below 1.0620 which failed and we have now set this as a significant level of support. Another doji as well so no change to our stance as price is consolidating here.
Technical Recommendation: Stand aside.
                                                                 EURUSD – Daily

GBP/USD: today’s bullish engulfing candle could mean a bounce at these levels. Look for a retrecament to 8 ema / 20 sma area.

Technical Recommendation: Look for a retracement.

                                                                 GBPUSD – Daily

► AUD/USD: a doji at 0.7275 means we could see a pull back. In any case we remain bullish as long as price stays above 0.7200 and would welcome the chance to go Long.
Technical Recommendation: Looking to go Long.
                                                                 AUDUSD – Daily
                           Back to Top

► USDJPY: today we were stopped out the rest of the position and of course price immediately bounced. We seem to be now in a range between 122.25 and 123.50.

Technical Recommendation: Stopped out. Re-assessing.

                                                                 USDJPY – Daily

GOLD: Gold has formed a base at 1069 and very close to the Stop for our Long position. We’d like to think that this level will hold as support but to do that price has to break and close above the 8 ema which has not happened in over 5 weeks. Fingers crossed.Technical Recommendation: We are Long.

                                                               XAUUSD – Daily

► SP500: we maintain our Long stance expecting recent highs to be reached. Yesterday’s long tailed pin bar was followed today by a doji, thus failing to follow through to the upside.
Technical Recommendation: We are Long.
                                                               SP500 – Daily


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