Daily Report - 24 November 2015


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: today's doji means there's no change to our recent stance. The bias is still bearish with a possible target of 1.0465 and we have to wait for a clear sell signal at confluent resistance on a retracement.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: today's bearish continuation practically reached 1.5045 support as we discussed. Now we can watch this support area ofr either a breakout or a clear reversal signal.
Technical Recommendation: Price at key support area.
                                                                 GBPUSD - Daily

► AUD/USD: as discussed in the last couple of reports, we think the Aussie is set to reach 0.7360 resistance having broken and retested the upper trendline.
Technical Recommendation: Looking to go Long.
                                                                 AUDUSD - Daily
                           Back to Top


► USDJPY: today we were stopped out for 1/2 Risk as we feared yesterday and came very close to being stopped out of the other 1/2 position for which we had not changed the Stop. We hope not to get totally stopped out tomorrow.
Technical Recommendation: We are still Long.
                                                                 USDJPY - Daily

GOLD: having come very close to being stopped out yesterday, today we saw the market rotate to the upside, much to our delight. Our Long is still not goin in the right direction though as price still failed to close above the 8 ema. We hope to see that happen tomorrow.
Technical Recommendation: We are Long.
                                                               XAUUSD - Daily

► SP500: we maintain our Long stance expecting recent highs to be reached. Today's long tailed pin bar could be the prelude to upside resumption and also a possible opportunity to add to our Long.
Technical Recommendation: We are Long.
                                                               SP500 - Daily

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