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End of Day – 12 March 2015
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.
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► 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
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
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