Daily Report - 19 November 2015


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: today's bull candle affter yesterday's doji at 1.0674 support is the retracement we predicted yesterday. We still think this pair is destined for further downside so we can't justify going Long. Next support levels at 1.0530 and 1.0470. A close above the 8 ema might change our mind.
Technical Recommendation: Re-assessing.
                                                                 EURUSD - Daily

GBP/USD: upside breakout above the 50% Fib retracement of the recent dump so our Short positions were stopped out for -1.5 x Risk loss. Got this one wrong. Price met with resistance at 1.5330 and closed off the highs.
Technical Recommendation: Stopped out. Re-assessing.
                                                                 GBPUSD - Daily

► AUD/USD: yesterday we discussed a possible push to the 50 Fib at 0.7200 which happened today. We were hoping to get involved intraday on a tight stop if we saw the opportunity, but we missed out.
Technical Recommendation: Price at 50 Fib and Key resistance. Stand aside.
                                                                 AUDUSD - Daily
                           Back to Top


► USDJPY: we have been Long in 1/2 Risk expecting the market to reach 124.25-125.80 prior resistance. Today's bear candle closing below the 8 ema puts our position under pressure. We sensed a bear move today so we removed the 2nd Limit Buy at 123.00. Glad we did.
Technical Recommendation: We are Long.
                                                                 USDJPY - Daily

GOLD: yesterday we said that a bullish candle today closing above 1080 might be the sign to go Long for a retracement. Indeed it is. It's a Morning Star formation at key support so we went STTS Long prior to writing this report. Expecting a hefty retracement.
Technical Recommendation: We are Long.
                                                               XAUUSD - Daily

► SP500: a Doji today but we maintain our Long stance expecting recent highs to be reached. Any retracement will be used to add to the position.
Technical Recommendation: We are Long.
                                                               SP500 - Daily

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