Daily Report - 27 January 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: even after today's bullish candle the pair is still stuck inside last Thurday's mother candle. Until we see a decisive breakout of the recent range 1.0800-1.0970 we are unlikely to get involved.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: a retracement down to re-test 1.4230 key support prevented an upside breakout of Friday's mother candle high. Nothing to do here as well.
Technical Recommendation: Stand aside.
                                                             GBPUSD - Daily

► AUD/USD: today we saw a bullish surge well above 0.7000 as we had expected but selling came in in the afternoon US session causing a pin bar at dynamic resistance. We are still Long.
Technical Recommendation: We are Long. Posistion +23 pips in profit
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: we have been Long and expecting the pair to break 118.70 resistance and move towards our target. Today there was an attempt at teh breakout but price came back in to close just below 118.70. We still maintain there is further uspide to come so we remain Long.
Technical Recommendation: We are Long. Position +145 pips in profit.
                                                                 USDJPY - Daily

GOLD: another surge today as price breaks through the 50% Fib level of the recent downtrend (see Weekly Chart) with a daily close above it. Our Long is looking better and better.
Technical Recommendation: We are Long. Position +43 $ in profit.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: a spinning top doji at confluent resistance (20sma and 1900). Still Long and will remain so on teh back of a very bullish reversal signal in the weekly chart last week.
Technical Recommendation: We are Long. Position +36.5 points in profit.
                                                               SP500 - Daily
                                                            SP500 - Weekly

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