Daily Report - 26 January 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: the Euro is still stuck inside last Thurday's mother candle. Price right in the middle of the recent range 1.0800-1.0970. With the exception of a fake downisde breakout in the first week of January, we've been stuck in this range since middle of December. Friday's bear inside candle was bearish but its effect has been wiped out by this week's action. Indecision reigns.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: today Sterling bounced off 1.4230 support creating a fake downside breakout in the process. A daily close above Friday's mother candle high could mean a meaningful bouce is underway.
Technical Recommendation: Look for an upside breakout of Friday's mother candle.
                                                             GBPUSD - Daily

► AUD/USD: today we saw a push up from the 50% retracement of the recent bounce. We believe this has created a Higher Low and price is about to break through 0.7000 resistance. We went Long intraday.
Technical Recommendation: We are Long. Posistion '@ the money'.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: our Long is looking good. Today price carried on retracing after yesterday but bounced strongly forming a pin bar. We believe price will break 118.70 resistance and move towards our target.
Technical Recommendation: We are Long. Position +118 pips in profit.
                                                                 USDJPY - Daily

GOLD: as we have been expecting, 1109 resistance was broken today and the rally continues. Our Long is looking great.
Technical Recommendation: We are Long. Position +38.5 $ in profit.
                                                               XAUUSD - Daily

► SP500: after a retracement, today price bounced off 1870 support and looks set to break 1900 resistance. If it does, our target is likely to be reached.
Technical Recommendation: We are Long. Position +50 points in profit.
                                                               SP500 - Daily

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMER
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.