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End of Day Technical Review : 13 July 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD
GOLD, SP500, DAX, and US30Y
► EUR/USD: Price today met with selling at the EMA layer and the 50sma. Looks like the downside fake breakout of last week may after all not have been a fakey at all. Price after today does look like it wants to go down. 1.1000 acted as static support again but it looks like we may see a test of 1.085 soon. Not enough R:R for us to Short though.
Technical Recommendation: Stand aside.
EURUSD – Daily
► GBP/USD: a small pin bar at confluent resistance of 8/20 emas, 50 sma and 1.5515 static resistance. We might enter into a quick Short trade overnight as price does seem to want to test 1.5350 support.
Technical Recommendation: Looking to Short.
GBPUSD – Daily
► AUD/USD: price looks like it may bounce and re-test 0.7560 as resistance. Next meaningful support is at 0.7100 so we may look to short on a retracement.
Technical Recommendation: Looking for price to retrace to 0.7560.
AUDUSD – Daily
USDJPY – Daily
► USD/CAD: price properly tested 1.2785 resistance and once again stalled. As discussed in yesterday’s STTS Video, we are looking for a convincing rejection of this level to go Short.
► GOLD: price still meeting with selling at 1163.50. Action not at all clear so … we stand aside.
Technical Recommendation: Re-assessing.
XAUUSD – Daily
Technical Recommendation: Stand aside.
SP500 – Daily
► DAX30: no shorting signals around the 50 sma. In fact we see a close above the trendline which is kind of bullish but we don’t believe in going Long this market right now so …. stand aside.
Technical Recommendation: Stand aside.
DAX30 – Daily
► US30Y: our STTS Long coming under more pressure today and edging towards our stop level. We hope to see price recover.
Technical Recommendation: We are Long. Position under pressure.
US30Y Sep Future – Daily
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