End of Day – 12 March 2015

Posted On 12 Mar 2015
By :
Tag: , , , ,

End of Day Report for:


and Special Situations: WTI Crude and NZDUSD

( Technical Analysis – STTS )

This end of day report is compiled from our trade setups. 
To get up-to the minute trading info, why not sign up today?

                                        TO CHECK OUT OUR TRACK RECORD ….. Click Here

► EUR/USD: the euro bounced a little today off1.0500 support, so we may now get a pull back to the EMA layer where we will look for Shorting opportunities again.

Technical Recommendation: Looking to sell on a pull back to resistance.
                                                         EURUSD – Daily

GBP/USD: Sterling today looked like attempting a bounce but failed miserably only to form a new low and a pin bar. More probable downside tomorrow but 1.4830 support is only 50 pips away so … nothing to do.
Technical Recommendation: Stand aside.
                                                       GBPUSD – Daily

► AUD/USD: the Aussie retraced back through 0.7625 pulled back to the 0.7700 significant level. we will now have to stand aside to see how price reacts to the EMA layer.

Technical Recommendation: Re-assessing.
                                                      AUDUSD – Daily
                             Back to Top

► USD/JPY: today ends in a bullish pin bar which counteracts Tuesday's bearish pin bar which caused us to go STTS Short. We hope price will rotate downwards from here and not stop us out.
Technical Recommendation: We are Short.

                                                       USDJPY – Daily

► GOLD: today price attempted a retracement but met with more selling above 1161 resistance. We see 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

SP500: today the S&P staged a strong close confirming yesterday's spinning top doji as strong support at the 50 Fib retracement of the latest rally. This has to be seen as Short Term bullish and we are now likely to see an upside resumption.
Technical Recommendation: Looking to go Long.
                                                       SP500 – Daily

WTI Crude: today Crude convincingly broke through 47.80 support and has now opened up the probability of further downside. Although our Stop level is still very far, we will need to consider taking a smaller loss.
Technical Recommendation: We are Long. Position starting to be under pressure.
                                                    WTI Crude – Daily

NZDUSD: earlier today we went short in the Kiwi as price met with strong resistance at the 365 period average in the 1hr time frame. Price closed at the daily 8 ema, having respected 20 ema dynamic resistance. Our stop is quite tight so hopefully we won't get stopped out overnight.
Technical Recommendation: We are Short.
                                                   NZDUSD – Daily

                                                   NZDUSD – 1 hr



The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account or investing in the TFF Capital Pool, should limit their exposure to maximum 10% of their investment capital.
Eligibility for participation in the capital pool is subject to final determination and acceptance by TFF.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.

About the Author
TFF aims to provide our customers with the best skills and knowledge to achieve their personal financial goals and level the playing field. The senior officials and staff of the TFF Team have more than 80 years experience in financial product trading, sales and fund management. For more information on TFF CLICK HERE.

Related Posts

Leave a Reply