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Technical Review – 25 June 2015
End of Day Technical Analysis Report for:
EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD
GOLD, WTI Crude, SP500 and DAX
► EUR/USD: another very small daily range today. Price stuck between 50-sma and 20-ema. We are waiting for a test of the 50-sma and the wedge target line. Market got close but …. no cigar!
Technical Recommendation: We are Standing aside as price is now near key support.
EURUSD – Daily
► GBP/USD: an inside candle today. This Harami pattern occurs at the EMA layer so could be significant. A break to the upside could be a trade to take on the Long side.
Technical Recommendation: Re-assessing.
GBPUSD – Daily
► AUD/USD: our STTS Long recouped yesterday’s losses. Inside candle today. We hope to see an upside breakout tomorrow.
Technical Recommendation: We are Long. Position -24 pips under water.
AUDUSD – Daily
► USD/JPY: we have been saying we were looking at a possible Short around the recent levels and earlier today we took it. We are now STTS Short.
Technical Recommendation: Short.
USDJPY – Daily
► USD/CAD: after being stopped out yesterday, of course we now see price fall off yesterday’s highs. Typical! Price is now at the EMA layer which is acting as dynamic support.
► GOLD: inside candle today near 1170 support. It’s looking like the bears may push this market to test more significant support lower down, around 1163 and the bottom of the megaphone pattern. We’ll stay sidelined for now but hope to get a hint at an upward rotation to go Long.Technical Recommendation: Starting to look at going long.
XAUUSD – Daily
► WTI Crude: market not quite ready to burst to teh upside for us. We are still STTS Long. Price today fell further and through our in-cost. Still a long way to our stop.
Technical Recommendation: We are Long. Position -58 pips underwater.
WTI Crude – Daily
Technical Recommendation: Sidelined.
SP500 – Daily
► DAX30: a doji today at the gap and 50 sma resistance. A Short around these levels si looking more and more appealing.
Technical Recommendation: Re-assessing.
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