End of Day – Technical Review 06 Oct 2015

Posted On 06 Oct 2015
By :
Tag: , , , , ,

End of Day Technical Analysis Report for:



, SP500, and US30Y

► EUR/USD: today marks th ehighest close for the last 11 sessions and this is a short term bullish sign. We may see a push to re-test 1.1435 resistance.
Technical Recommendation: Looking to go Long.
                                                                 EURUSD – Daily

GBP/USD: our STTS Long from Friday took a step in the right direction today as price countered the lasdt 2 pin bars and closed strongly. We expect to see a push towards our targets from tomorrow..
Technical Recommendation: We are Long. Position back in-the-money.
                                                                 GBPUSD – Daily

► AUD/USD: as we have been saying, this market may be in the process of forming a massive double bottom and we are waiting for the right entry. Today’s bullish candle stopped dead on confluent dynamic resistance at the 50sma and the trendline. Hopefully we will see a pull back here to allow us to go Long.
Technical Recommendation: Waiting for a double bottom Long entry and looking to go Long on a pull back.
                                                                 AUDUSD – Daily
                           Back to Top

► USD/JPY: 2 fake breakouts of the triangle and price stopped at 120.55 resistance as well as the top of the triangle. An upside breakout is likely here but only a trade for day-traders as the upside we think will be limited to the 50 sma just below 121.70.
Technical Recommendation: Look for a push to the 50 sma currently at 121.45.
                                                                USDJPY – Daily

GOLD: we have been looking to go Long as we think price is now set to test 1170 and the 200 sma. We were hoping to get a retracement to let us go Long for a decent R:R but that did not happen today as price made another strong push to 1150 resistance.

Technical Recommendation: Looking to go Long for decent R:R to 1170.

                                                               XAUUSD – Daily

► SP500: we went STTS Long last Wednesday. Position close to our target.
Technical Recommendation: We are Long. Position +735 pips in profit.
                                                               SP500 – Daily

► US30Y: we were expecting downward pressure today but the EMA layer and 157.40 have worked as confluent dynamic and static support, as mentioned yesterday. So we may see a continuation of the recent rally for the rest of this week.
Technical Recommendation: Look for further strength and possible re-test of 160.50.
                                                        US30Y Dec Future – Daily




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 or investing in the TFF Capital Pool, should limit their exposure to maximum 10% of their investment capital.

Eligibility for participation in the capital pool is subject to final determination and acceptance by TFF.

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

About the Author
TFF aims to provide our customers with the best skills and knowledge to achieve their personal financial goals and level the playing field. The senior officials and staff of the TFF Team have more than 80 years experience in financial product trading, sales and fund management. For more information on TFF CLICK HERE.

Related Posts

Leave a Reply