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End of Day – 11 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: another down day without even the hint of a pull back. The Monthly Chart shows price halting at 1.0500 support dating back to 2002. Is this going to hold out? Having missed the Short higher up we are waiting for a pull back that never comes with the dollar in hugely overbought territory. Tough to bring ourselves to sell without a retracement.
Technical Recommendation: Looking to sell on a pull back to resistance.
EURUSD – Monthly
EURUSD – Daily
► GBP/USD: Sterling broke 1.4950 key support and offered no hint of attempting a reversal so we can only assume that Sterling is heading further south just as the Aussie and the Euro have done after having broken through key support. We will have to start looking at the Short side. The next support level is at 1.4830.
Technical Recommendation: Looking for shorting opportunities.
GBPUSD – Daily
GBPUSD – Weekly
► AUD/USD: the Aussie carried on through 0.7625 support and made a new low. There is little support now until 0.7100 as the monthly chart shows.
Technical Recommendation: Looking for shorting opportunities.
AUDUSD – Daily
AUDUSD – Monthly
USDJPY – Daily
► GOLD: today another lower low. As mentioned in yesterday's commentary, we see nothing stopping price continuing to the downside and re-test prior support area 1132-1143.
Technical Recommendation: Looking for a sell opportunity on a retracement.
XAUUSD – Daily
► WTI Crude: today Crude tried to break through 47.80 support but so far failed. The resulting pin bar at support makes us hopeful that the upside will resume hereafter.
Technical Recommendation: We are Long.
WTI Crude – Daily
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