End of Day – 02 March 2015

Posted On 02 Mar 2015
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EUR/USD: as per our last daily report, price is now going to try to re-test 1.1100 support. As the R:R to 1.1100 from here is too small, we will stay out until either price reaches 1.1100 or pulls back and provides us with a Sell signal.

Technical Recommendation: Stand aside.

EURUSD – Daily


GBP/USD: price today fell as far as the 20 ema. We believe this pair will resume to the upside soon and will look to go Long provided it stays above the 50 sma.

Technical Recommendation: Looking for price action signal to go Long.

GBPUSD – Daily




AUD/USD: today this pair made a lower high/low combination. We hope tomorrow price will rotate to the upside. We will see if we get stopped out or not.

Technical Recommendation: We are Long. Position under pressure.

AUDUSD – Daily



USD/JPY: our Fakey Short from last week was stopped out earlier today. Price seems set to re-test 120.65 resistance.

Technical Recommendation: Stopped out. Re-assessing.

USDJPY – Daily



GOLD: today price attempted a push to the upside but met with resistance at the 20 ema. As per yesterday’s Weekly Bonus Video we believe price will start to make a series of higher lows from here so we remain Long.

Technical Recommendation: We are Long. Position slightly under water.

XAUUSD – Daily



WTI Crude: again, as discussed in our Weekly Bonus Video, we are long at 2 1/3 x Risk in Oil as we are convinced Oil is very unlikely to re-test the January low of 43.50$. Today’s action is another attempt at breaking above the 50 sma which is so far holding out as resistance.

Technical Recommendation: We remain Long.

WTI Crude – Daily





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