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End of Day – Technical Analysis 01 Sept 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, NZDUSD
GOLD, SP500, DAX, and US30Y
► EUR/USD: as discussed in the weekend’s STTS Video we were hoping to see some early weakness thsi week to give us an opportunity to go Long on a re-test of confluent support at the 50 sma and 1.1100. Price instead rotated to the upside sooner than expected. We hope to get some weakness next to give us the opportunity to go Long.
Technical Recommendation: Looking to go Long on weakness.
EURUSD – Daily
► GBP/USD: confluent support at 1.5350 and the 200 sma did not cause the market to bounce as we had expected as price broke through this level today and now looks headed towards 1.5165. Too late to Short but maybe worth looking at a Sell on a retracement of today’s pin bar.
Technical Recommendation: Look for a re-test of 1.5165 support.
GBPUSD – Daily
► AUD/USD: we expected 0.7100 support to cause a substantial bounce instead price collapsed through it today and got very close to key support 0.7000. We went STTS Long yesterday and got stopped out today.
Technical Recommendation: Stopped out. Re-assessing.
AUDUSD – Daily
► USD/JPY: as discussed in the weekend’s STTS analysisi, we took an STTS Short in this pair today even though only the first of our 2 Sell orders was filled. Our 1st target was hit for a gain of +154 pips and +0.9 x Risk. Price looks set to re-test 118.28 where it should meet with strong buying.
Technical Recommendation: Profit taken. Re-assessing.
USDJPY – Daily
► GOLD: as discussed in this week’s STTS analysis video, we expected Gold to break to bounce off 1125 support and break to the upside. It did so today. We failed to get on board but today’s long wick suggests there is some resistance here so we may get another chance at going Long, with targets of 1170 and 1200.
Technical Recommendation: Looking to go Long.
XAUUSD – Daily
► SP500: the gap at 1968 was closed as expected. We thought price was headed for a re-test of 2034 level but today saw a downward rotation. As discussed in the weekend’s Bonus Video, we believe price is strongly supported in the 1830-1890 area and is unlikely to go below it unless we get a huge surprise in this week’s NFP and later this month in FOMC, so we will be looking for Long opportunities if price reaches this area.
Technical Recommendation: Look to go Long between 1830 and 1890 support.
SP500 – Daily
► DAX30: simlarly to the S&P, the DAX is showing some short term weakness again. Price is looking to re-test 9375 key support.
Technical Recommendation: Look for a re-test of 9375 support.
► US30Y: we have been waiting for a re-test of the 20 ema before a likely downtrend resumption. Looks like price may not reach it after all. We think price is looking like rotating to the downside and make a push for 151.00-151.60 support.
Technical Recommendation: Looking to go Short for decenbt R:R to 151.00.
US30Y Dec Future – Daily
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