Daily Report - 10 December 2015

End of Day Technical Analysis Report for:

GOLD, and SP500

► EUR/USD: after yesterday's upside breakout today we got a retracement down to re-test 1.0920 which should now cause a change in polarity (resistance becomes support) and we should see an upside resumption from here. Our STTS Long lost some ground as a result but is still in profit.
Technical Recommendation: We are Long. Position +67 pips in profit.
                                                                 EURUSD - Daily

GBP/USD: we got a small retrecament today after yesterday's surge. Not enough to entice us to go Long though. The day ends in a spinning top doji which leaves us sidelined for now.
Technical Recommendation: Looking to go Long on bigger retracement.
                                                                 GBPUSD - Daily

► AUD/USD: yesterday's pin bar was a good buying signal which we missed. Today however, after a very strong show, the Aussie met with selling in the US causing price to retreat back to 0.7275 and a long wick to today's candle. We may still see an upward rotation at these levels which may be a good chance to buy.
Technical Recommendation: Looking to go Long.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: after yesterday's collapse today this market paused with a doji at 121.30 support. Our STTS Short gave back some of its profit but we will remain Short.
Technical Recommendation: We are Short. Position +140 pips in Profit.
                                                                 USDJPY - Daily

GOLD: a small inside doji which price also still inside Monday's mother candle range. We are still STTS Long at 1062$ and have moved our Stop to Break Even in case price resumes to the downside.  1070 still holding as support. We hope for an uward rotation tomorrow.
Technical Recommendation: We are Long. Position +100 pips in profit.
                                                               XAUUSD - Daily

► SP500: an inside bearish pin bar today as bears push price to test 2045 once again. If this fails we could see a downward move to 1995-2016 wide support area. We are not interested in going Short but rather look to go Long at value.
Technical Recommendation: Stand aside. Price at Key Support
                                                               SP500 - Daily


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