End of Day – 16 July 2015

Posted On 16 Jul 2015
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End of Day Technical Analysis Report for:


GOLD, SP500, DAX, and US30Y

► EUR/USD: this pair has reached 1.0850 as expected. Now we need to wait and see how price reacts to this level. We might see a bounce.
Technical Recommendation: Stand aside.
                                                                 EURUSD – Daily

GBP/USD: price met with EMAs support today which acts as a bullish confirmation after yesterday’s doji.  Price very likley to re-test 1.5780/1.5900 area of resistance.
Technical Recommendation: Look for price to reach 1.5780-1.5900 resistance.
                                                                 GBPUSD – Daily

► AUD/USD: A small bounce today. Bias still bearish with 0.7100 as the next support, but this choppy consolidation is not convincing us to Short at these levels.
Technical Recommendation: Looking for price to extend to the downside towards 0.7100.
                                                                 AUDUSD – Daily
                            Back to Top

► USD/JPY: today a close abobe 124.00 resistance. No downward rotation at this level so far.
Technical Recommendation: Stand aside.
                                                                 USDJPY – Daily

► USD/CAD: as discussed yesterday, this pair looks headed towards next resistance whihc can only be seen in the monthly chart at 1.3000. Almost there.
Technical Recommendation: Look for price reaction at 1.3000 key resistance.
                                                             USDCAD – Monthly

GOLD: Gold today made a lower low and re-touched 142.00 support. We are hoping to see a bounce from these levels.Technical Recommendation: Re-assessing.

                                                                 XAUUSD – Daily

► SP5002117 resistance reached in this ‘unlikely’ rally. We might very well see a correction here.
Technical Recommendation: Stand aside.
                                                                SP500 – Daily

DAX30: this index continues to baffle us. 11640 resistance broken. Next resistance at 11930. Not enough R:R.
Technical Recommendation: Stand aside.
                                                                 DAX30 – Daily

► US30Y: our STTS Long gained further ground today. Price at the 50 sma.
Technical Recommendation: We are Long. Position +75 pips in the money.
                                                            US30Y Sep Future – Daily



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