End of Day Technical Review – 22 June 2015

Posted On 22 Jun 2015
By :
Tag: , , , , , ,

End of Day Technical Analysis Report for:




and DAX

► EUR/USD: price still fails to test 1.1450 resistance. Momentum is waning as price looking to stay within a rising wedge at key resistance. This pattern may become more and more significant as a potential reversal pattern in days to come.
Technical Recommendation: We are Standing aside as price is at key resistance.
                                                                 EURUSD – Daily

GBP/USD: after bagging 2.8 x Risk profits in our recent STTS Long price is now looking like backing off after having reached the 50% Fib retracement of the downtrend which started in summer of last year. We are re-assessing with a view to buy back in lower down.
Technical Recommendation: Re-assessing.
                                                                 GBPUSD – Daily

► AUD/USD: we went STTS Long in this pair  last week as an early entry into a potential Double Bottom pattern which triggered on Thursday. Price today backed off to our in-cost but is still inside Thursday’s mother candle. We remain Long with as first target the Double Bottom mathematical target.
Technical Recommendation: We are Long. Position at Break Even.
                                                                 AUDUSD – Daily
                             Back to Top

► USD/JPY: price still inside the mother candle range from 2 weeks ago. We still feel last Wednesday’s inside pin bar has shown the short term bias so a Short may be looming if we get a decent R:R with a target of the 50sma.
Technical Recommendation: Looking for a Short.
                                                                 USDJPY – Daily

► USD/CAD: we are still STTS Short for 1 x Risk, having reduced our exposure by exiting our partial prior Short position earlier today at break even. We hope price will rotate to the downside againg tomorrow without stopping us out.
Technical Recommendation: We are Short. Position -60 pips underwater.
                                                                 USDCAD – Daily

GOLD: today price failed to stay above 1200 and broke down once more. 1178 support fast approaching. We stand aside as price action is very choppy and confusing.
Technical Recommendation: Stand aside.
                                                                 XAUUSD – Daily

► SP500after an attempt to break above 2120, price retreated and closed well off the highs. Not a strong enough signal to go Short but a confirmation of hefty supply in this price area. We stand aside with a view to go Short higher up.
Technical Recommendation: Looking to go Short higher up.
                                                                SP500 – Daily

DAX30: great decision last week to bag full profit in our STTS Short. Price today surged above the 20 ema and is now approaching the 50 sma once more. We stand aside but hope to get a Sell signal at dynamic resistance in the next few sessions.

Technical Recommendation: Re-assessing.
                                                                 DAX30 – 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