End of Day Review : 06 July 2015

Posted On 06 Jul 2015
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End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD

GOLD, SP500, DAX, and US30Y



► EUR/USD: a nothing day in the end. Gap down at the open but back to where we were last week and still inside the mother candle. As discussed in yesterday’s STTS Video, we hope to see volatiltiy in coming days and stops taken out above the mother bar’s high with a Fake breakout.
Technical Recommendation: Stand aside.
                                                                 EURUSD – Daily

GBP/USD: we have been looking for a Buy signal at confluent support at 1.5540 which also coincides with the 50 sma and the 50% retracement of the most recent rally. Today price bounced off static support but did not quite test the 50 sma. We remain sidelined for now but will look for a Long opportunity in this area.
Technical Recommendation: Look for price to test 50 sma.
                                                                 GBPUSD – Daily

► AUD/USD: we got stopped out of our Long on Friday. Looking for 0.7560 to be re-tested as resistance on a pull back.
Technical Recommendation: Stopped out. Re-assessing.
                                                                 AUDUSD – Daily
                            Back to Top

► USD/JPY:  a substantial gap down at the open whch was filled intraday as the 50 sma provided dynamic support. Looking to re-enter Short.
Technical Recommendation: Looking to re-enter Short.
                                                                 USDJPY – Daily

► USD/CAD: waiting for price to reach 1.2785 resistance. Not enough R:R for us at these levels BUT day traders should be going Long on any intraday dips.
Technical Recommendation: Look for price to reach 1.2785.
                                                                 USDCAD – Daily

GOLD: last Thursdy we went STTS Long. Today price gapped up at the open, filled teh gap and bounce back strongly, forming another pin bar. Our Long is starting to llok very good.Technical Recommendation: We are Long. Position +45 pips in profit.

                                                                 XAUUSD – Daily


► SP500a big gap down open and quick surge to fill it. Market stuck between 2037 support and 2070 resistance. Both levels having been very significant in the past. WIll 2070 see a downward rotation next?
Technical Recommendation: Watching with interest. Price at Crucial level of resistance.
                                                                SP500 – Daily

DAX30: unsurprisingly a gap down at the open after a NO vote in Greece. However the market rallied off the open attempting to fill the gap but not quite succeeding. We hope to see a test of the EMA layer and a signal to Short in that area.
Technical Recommendation: Stand aside. Looking to Short at the EMA layer.
                                                                 DAX30 – Daily

► US30Y: our STTS Long which came under further pressure late last week, today bounced back and with a daily pin bar almost triggering the ‘Double Bottom’, our position is starting to look good!

Technical Recommendation: We are Long. Position +130 pips in profit.

                                                            US30Y Sep Future – Daily

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CHARTING LEGEND:


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