End of Day – Technical Review 06 Oct 2015

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

EURUSD, GBPUSD, AUDUSD, USDJPY,

GOLD

, 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

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