Daily Report - 14 December 2015


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: we went STTS Long last week and enjoyed the subsequent rally. We moved the stop to B/E and price has rotated to the upside once again at the end of last week. We hope to see a resumption to the upside this week and not to get stopped out unnecessarily by FOMC volatility. Today ends with a doji so nothing more to add.
Technical Recommendation: We are Long. Position +120 pips in profit.
                                                                 EURUSD - Daily

GBP/USD: please watch yesterday's STTS Video.
                                                                 GBPUSD - Daily

► AUD/USD: please watch yesterday's STTS Video.
                                                                 AUDUSD - Daily
                           Back to Top


► USDJPY: as discussed in yesterday's Weekly Bonus Video our first STTS Short hit the revised target today of 120.40 for a profit of +260 pips and R:R=3.06 (+1.53 x Risk as it was a ½ Risk position). We are still STTS Short in a later position and hoping for a downside resumption, though today's pin bar means we are likely to see a decent retracement.
Technical Recommendation: T1 reached for partial profit of +260 pips. +45 in profit on remainder.
                                                                 USDJPY - Daily

GOLD: after just missing out on getting stopped out at Break Even on Friday in our STTS Long, we were hoping for an upside resumption today, as discussed in yesterday's Weekly Bonus Video, which sadly did not happen. Today's sell off indeed took us out of this trade at Break Even. We may see further downside tomorrow.
Technical Recommendation: Exited at Break Even. Re-assessing.
                                                               XAUUSD - Daily

► SP500: please watch yesterday's STTS Video.
                                                               SP500 - Daily

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