End of Day – 30 March 2015

Posted On 30 Mar 2015
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End of Day Technical Analysis Report for:


► EUR/USD: today price closed below the 8 ema which is turning down again. Today’s candle is contained inside Friday’s doji and a break below its low tomorrow is likely to result in a downside push. Looking to go Short .
Technical Recommendation: Looking to go Short.
                                                                 EURUSD – Daily

GBP/USD: Price still trading within the massive outside candle from 18th March. The breakout below 1.4830 we have been discussing finally happened today so we will most likely see further downside.
Technical Recommendation: Looking to go Short.
                                                                 GBPUSD – Daily

► AUD/USD: the Aussie has collapsed off 0.7850-0.7900 key resistance area. We should have shorted last week but we had elected to go Short the Kiwi, so we have missed out. Now, with price close to Key Support 0.7560-0.7625, there is nothing to do but watch how price reacts to these levels.
Technical Recommendation: Look for price to react to Key Support.
                                                                 AUDUSD – Daily
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► USD/JPY: the very long tailed pin bar from last Thursday has resulted in a bullish close above the EMAs today.This pair is now set to test 121.70 resistance again so stance should be Long with appropriate R:R to 121.70.
Technical Recommendation: Look to go Long.
                                                                 USDJPY – Daily

► GOLD: Gold today confirmed to the downside and closed just below the EMAs. Ultimately the bulls appear to have lost the fight at 1200$ once again and price is now likely to re-test the 1140 area.
Technical Recommendation: Look for continued downside and possible re-test of 1140 .
                                                                XAUUSD – Daily

SP500: 2040 support held firm last week, with a pin bar forming at this key level and, as we discussed in yesterday’s Weekly Bonus Video, an upside breakout of Thursday’s mother candle was a good opportunity to go Long. Price is now likely to re-test 2107 resistance.

Technical Recommendation: Should be Long.
                                                                 SP500 – Daily

NZDUSD: our STTS Short in the Kiwi is doing very well. Earlier today we moved our 1st Target to just above the 50 fib (originally our 2nd target) and we are trailing the Stop.
Technical Recommendation: We are Short. Position 135 pips in profit.
                                                                NZDUSD – Daily




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