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End of Day Technical Summary – 13 April 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, GOLD , SP500
and USDCAD
► EUR/USD: today the Euro ends in a spinning top doji at dynamic support of the lower Bollinger band. We may see a retracement tomorrow but we remain STTS Short from last week looking for recent low to be re-tested.
Technical Recommendation: We are Short. Position 210 pips in profit.
EURUSD – Daily
► GBP/USD: last week we said to expect 1.4634 support to be re-tested. This happened on Friday and price retraced today. Looking at the monthly chart, the next support is at 1.4230 and we believe price will attempt a re-test of it.
Technical Recommendation: Look for a Sell signal at the EMA layer.
GBPUSD – Daily
GBPUSD – Monthly► AUD/USD: today the Aussie broke down as we discussed over the weekend in our STTS Analysis Video for our Subscribers, where we stated we were looking to Short. Unfortunately, as the market gapped down at the open we waited for a pull back which did not materialze and missed the shorting opportunity. Now that price has once again reached 0.7570 support we will be watching what happens at this crucial level.
Technical Recommendation: Stand aside.
AUDUSD – Daily
► USD/JPY: the upside breakout of 120.45 happened last Thursday but subsequently price seems to be rejecting higher prices, at least for now. We are still looking for a re-test of 121.70 so we will react to any bullish price signals in the lower time frames.
Technical Recommendation: Looking to go Long.
USDJPY – Daily
► GOLD: 1200 is a real tough nut to crack for both bulls and bears. Technically speaking, we are currently neutral as price action has been giving conflicting signs.
Technical Recommendation: Stand aside.
XAUUSD – Daily
► SP500: today price reached our 1st target (2100) where we exited 70% of the position for 565 pips and 3.3 x Risk. A great trade! We are trailing the Stop for the remainder.
Technical Recommendation: Taken 565 pips in partial profit. Trailing remaining position.
SP500 – Daily
► USD/CAD: our STTS Long in this pair is struggling to gain momentum. As explained to our subscribers in the weekend’s STTS Video, we canceled the 2nd entry limit buy order which failed to trigger last week and are running the Long for 1/2 Risk hoping price will resume to the upside. Today’s inside pin bar is not a great omen, though.using a 2 entry strategy.
Technical Recommendation: We are Long. Position 48 pips in profit.
USDCAD – Daily
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