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End of Day – 09 June 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD,
GOLD
and DAX
► EUR/USD: 1.1300 level appears to be posing as resistance so we’ve added it in as a minor significant level. There’s obviously sellers here willing to bet this pair won’t make it to 1.1450 resistance again. We’re not so sure, in fact we think it will happen but not enough R:R for us to go Long at this level.
Technical Recommendation: Looking to go Long on a pull-back.
EURUSD – Daily
► GBP/USD: Today’s bullish pin bar confirmation is the upside breakout we were hoping for. We remain Long.
Technical Recommendation: Long. Position +40 pips in profit.
GBPUSD – Daily
► AUD/USD: today’s doji happens at 0.7700 resistance and inside Friday’s mother candle. The EMA layer also acted as dynamic resistance today. We still feel there’s a strong chance of another move to 0.7560 support so we’ll remain sidelined for now.
Technical Recommendation: Stand aside. Price likely to reach 0.7560 support.
AUDUSD – Daily
USDJPY – Daily
► USD/CAD: yesterday we said we thought Friday’s fake upside breakout could have been the prelude to a sell off. Today we were proven right. Unfortunately we have not acted upon it yet. Possibly as we were Short this pair last week and got prematurely stopped out before the market going our way. We should have taken the Short today as price broke out of last Tuesday’s mother candle low. A missed opportunity. Now we’ll be hoping for a retracement to today’s candle to enter Short
► GOLD: 2 green days in a row but both with long wicks, signifying late sell offs the highs. 1178 is now proving to be a minor resistance level. We may well see downside resumption from here.
Technical Recommendation: Stand aside.
XAUUSD – Daily
► SP500: a pin bar at 2074 support showing buyers coming back in here. Thsi might just be a short term bounce off support which may present us with a selling opportunity higher up.
Technical Recommendation: Look to go Short on a retracement.
SP500 – Daily
► DAX: today our STTS Short hit 1st Target where we partially exited the position. We remain Short onthe remainder looking for further downside to come .
Technical Recommendation: T1 hit for +785 points profit and 2.2 x Risk.
DAX – Daily
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