End of Day – 27 May 2015

Posted On 27 May 2015
By :
Tag: , , , , ,

End of Day Technical Analysis Report for:



► EUR/USD: the Euro today retraced a little which is no surprise after the recent drop. We may see more retracement tomorrow but it does look like the market has formed the second wave of a down move so we should be looking for sell signals at dynamic resistance to try and catch the 3rd wave down to the 1.0500 level.
Technical Recommendation: Look to Short at dynamic resistance.
                                                                 EURUSD – Daily

GBP/USD: price today met with support at the 38.2 Fib level of th recent rally. This level or the 50 fib below, where the rising 50 sma is, could be areas in which to buy if we get a buy signal.
Technical Recommendation: Looking to go Long on a rotation, either here or further down at the 50 Fib level.
                                                                 GBPUSD – Daily

► AUD/USD: the Aussie paused today at 0.7700 support. This level has shown huge significance in the past so this is no surprise. We may see a small pull back to the EMA layer where we may get a sell signal, but for now we have to wait.
Technical Recommendation: Stand aside.
                                                                 AUDUSD – Daily
                             Back to Top

► USD/JPY: yesterday we said the next likely target was resistance at 124.00 dating back to 2007. Today price reached this level and stopped. All we can do now is watch how price reacts to it.
Technical Recommendation: 124.00 reached. Stand aside.
                                                                 USDJPY – Daily

► USD/CAD: a spinning top doji at the top of key resistance band 1.2380-1.2448. Will price rotate downwards from here? No surprises from the BOC today. We can’t call a Short here yet. We’ll need to get a bearish confirmation first.
Technical Recommendation: Look for a downward rotation at these levels.
                                                                 USDCAD – Daily

GOLD: after yesterday’s collapse today price took a breather. Still inside the range of last few weeks.
Technical Recommendation: Stand aside.
                                                                 XAUUSD – Daily

► SP500today we got a retracement of yesterday’s bear candle. Price may try to re-test recent highs. We are keeping our eyes open for a compelling sell signal.
Technical Recommendation: Looking to go Short.
                                                                SP500 – Daily

DAX:  after yesterday’s commentary we went STTS Short as price rotated at the 50 sma. Price today bounced a little so we are currently underwater. We hope to see a downward resumption tomorrow.

Technical Recommendation: We are Short.
                                                                 DAX – Daily




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