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End of Day – 03 March 2015
End of Day Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, GOLD
and Special Situation: WTI Crude
( Technical Analysis – STTS )
…
This end of day report is compiled from our trade setups.
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► EUR/USD: another small range doji today so no change to our latest commentary: price is now likely 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: a doji at the 20 ema. We still believe this pair will resume to the upside soon and will look to go Long provided it stays above the 50 sma and 1.5265.
Technical Recommendation: Looking for price action signal to go Long.
GBPUSD – Daily
► AUD/USD: a recovery day today, taking price away from our Stop level and close to our in-cost. We remain Long hoping for an upside breakout imminently.
Technical Recommendation: We are Long. Position 35 pips under water.
AUDUSD – Daily
► USD/JPY: today this pair backed off after 3 straight bull sessions (which sadly stopped us out of our Short!). With price closing off the lows and respecting 8 ema dynamic support, we should see further upside in days to come to test 120.45-120.65 resistance.
Technical Recommendation: Stopped out. Re-assessing.
USDJPY – Daily
► GOLD: a doji today still making a lower low and lower high. We are Long as we believe price will start to make a series of higher lows from here. Hopefully 1200 support will hold out and cause an upward rotation.
Technical Recommendation: We are Long. Position ca 10$ in the red.
XAUUSD – Daily
► WTI Crude: a 3rd positive session in Crude which has brought us back to our in-cost for our second entry, while our first entry is >3$ in profit. Today’s action caused a close above the 50 sma again, which is a bullish event.
Technical Recommendation: We remain Long.
WTI Crude – Daily
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