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End of Day – 05 March 2015
End of Day Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, GOLD
and Special Situation: WTI Crude
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: nothing that Draghi said today managed to halt the slide of the Euro which has convincingly breached 1.1100 and is headed for next support which is 1.075 as only the Monthly chart can show. Only tomorrow's US Employment data could provide a pull back to resistance which we could sell into.
Technical Recommendation: Looking to sell on a pull back to resistance.
EURUSD – Daily
EURUSD – Weekly
► GBP/USD: Sterling is at a Key Level of confluent support and seemingly stuck in a rising channel or bear flag. We are watching this level with a view to go Long.
Technical Recommendation: Looking for price reaction at Key Support.
GBPUSD – Daily
► AUD/USD: today the Aussie came off and stopped at a level which seems to support a rising wedge pattern. We are still Long and today's failure at the 8/20 emas does put us under pressure. We remain Long hoping for a reaction to this support level.
Technical Recommendation: We are Long. Position 60 pips under water.
AUDUSD – Daily
USDJPY – Daily
► GOLD: today price formed a second inside doji, trading inside Tuesday's mother candle, and with a close below 1200, the chances are we will get stopped out in tomorrow's volatility. We still hope for an upward rotation.
Technical Recommendation: We are Long. Position ca 16$ in the red.
XAUUSD – Daily
XAUUSD – 4 hr
► WTI Crude: after 4 positive sessions in Crude it is no surprise we got today a small pull back. Price is attempting to form a rising channel here and we are right at it's bottom support so we hope to see Crude resume to the upside with the context of this channel.
Technical Recommendation: We are Long in 2.3 x Risk.
WTI Crude – Daily
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CHARTING LEGEND:
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