End of Day – 31 March 2015

Posted On 31 Mar 2015
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End of Day Technical Analysis Report for:


► EUR/USD: as discussed yesterday, a break below the low of Friday’s doji resulted in a downside push. Price seems set to re-test 1.0500 support. Looking to go Short on any pull back.
Technical Recommendation: Looking to go Short.
                                                                 EURUSD – Daily

GBP/USD: Cable failed to continue to the downside today and ended the day in a doji. Looks like traders are waiting for the PMI numbers tomorrow and Thursday so we may see some volatility but bear in mind that the Easter Weekend is coming up so don’t expect too much activity on Thursday other than book squaring. We would be looking to Short but this pair is extremely choppy right now so only very short term trades should be considered.
Technical Recommendation: Looking to go Short.
                                                                 GBPUSD – Daily

► AUD/USD: as stated yesterday with price close to Key Support 0.7560-0.7625, there is nothing to do but watch how price reacts to these levels. Today the Aussie properly entered this band of support. No signs of a reversal just yet.
Technical Recommendation: Look for price to react to Key Support.
                                                                 AUDUSD – Daily
                             Back to Top

► USD/JPY: a doji at the EMA layer causes a pause in the rise of this pair. We may see a retracement overnight where a Long should be considered.
Technical Recommendation: Look to go Long.

► GOLDa small range spinning top doji today yet making a lower high/low combo. As discussed yesterday, 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: after yesterday’s big green candle, price retraced today to the high of the outside candle breakout of yesterday. We will look for a rotation to the upside to go Long.

Technical Recommendation: Look for price to rotate to the upside.

NZDUSD: our STTS Short in the Kiwi came within 5 pips of our target today, just above the 50 Fib level. We remain Short believing price will test the 50 Fib level and take us out for a nice profit. An upward rotation is then likely.
Technical Recommendation: We are Short. Position 170 pips in profit.
                                                                NZDUSD – Daily



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