End of day Technical Report – 11 Nov 2015

End of Day Technical Analysis Report for:


 GOLDSP500 and Others

► EUR/USD: still looking for a Sell signal on any retracement, ideally on a re-test of 1.0820 as resistance. The next level of support is 1.0470.
Technical Recommendation: Looking to Sell on a retracement.
                                                                 EURUSD – Daily

GBP/USD: yesterday we started selling using a ladder entry system in case the retracement goes as far as the 50 Fib level of the recent fall. We also said that very Short term there’s also a possibility of a quick Long. Today we took that Long in 1/2 Risk also as a hedge against the Short position we are building, in which the 2nd Limit Sell order was filled today. We hope to see a rotation at or near our 3rd Sell entry order where ideally we will take profit on the Long hedge, which also serves as a trade for our shorter term trading members.If the market does resume to the downside next minor support is at 1.4950 and nothing below that until 1.4635.

Technical Recommendation: We are both Short and Long!

                                                                 GBPUSD – Daily

► AUD/USD: we’ve been looking for any retracement to go Short with 0.6945-0.6900 as target. We were hoping for a re-test of 0.7070 which happened today but there were no signs of a downward rotation in the shorter time frames so we may see a bigger retracement than anticipated.
Technical Recommendation: Looking to go Short on a retracement.
                                                                 AUDUSD – Daily
                           Back to Top

► USDJPY: we expect the market to reach 124.25-125.80 prior resistance. So we are looking for any buy signals on a retracement with good R:R. After today we may see a larger retracement. Patience is required here.

Technical Recommendation: Looking to go Long on a retracement.

                                                                 USDJPY – Daily

GOLD: we still expect price to reach the key support area 1070-1080 which is ever closer. Would not be surprised to see it happen in the last 2 sessions of this week.Technical Recommendation: Re-assessing.

                                                               XAUUSD – Daily

► SP500: the market is still inside Monday’s candle. Yesterday we said today we would be looking for any Buy signs in the lower time frames. Earlier today we got one and indeed we took a long. Price since retreated and our position is under pressure at today’s close but we hope to see an upward rotation tomorrow.
Technical Recommendation: We are Long.
                                                               SP500 – Daily

► OTHER: today we also went STTS Long in USDCHF and USDCAD.


DISCLAIMER: 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 should limit their exposure to maximum 10% of their investment capital.

Investments are not obligations of, deposits in, insured or guaranteed by TFF.

About the Author
Forex Alchemy is your daily source of cutting edge information, tips, tools, articles, analysis from across the Forex trading industry. If you would like to guest post or contribute regular articles on Forex Alchemy then please contact us here.

Related Posts

Leave a Reply