Daily Report - 2 February 2016

End of Day Technical Analysis Report for:

GOLD, and SP500

► EUR/USD: getting boring! Price still inside 1.0780-1.0970 range ... nothing to do.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: yesterday we said that after a clear breakout we would be looking to go Long on a retracement. Today we set a Limit Buy order at the 38.2 Fib retracement of yesterday's move and our order was filled by a few pips (see 1 hr Chart).
Technical Recommendation: We are Long. Position +84 pips in profit.
                                                             GBPUSD - Daily
                                                             GBPUSD - 1 hr

► AUD/USD: today price retreated back to the 8 ema. We are still Long and in profit. We remain Long convinced price is likely to resume to the upside. We hope price will rotate up from these levels.
Technical Recommendation: We are Long. Posistion +35 pips in profit
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: as expected we had a retracement of Friday's massive move and price stopped at the key 120 level. No signs of an upward resumptios just yet. If we get any potential Buy signals in this area we will consider going Long again.
Technical Recommendation: Looking for buying opportunities.
                                                                 USDJPY - Daily

GOLD: a pin bar making a higher high and a higher close. 200 sma resistance still holding but today's action suggests further upside is likely. We remain Long.
Technical Recommendation: We are Long. Position +47 $ (472 pips) in profit.
                                                               XAUUSD - Daily

► SP500: a retracement today back to the key 1900 level. We expect a Higher Low to be formed in the next couple of sessions and price to resume towards our targets, so we remain Long.
Technical Recommendation: We are Long. Position +53 points (530 pips) in profit.
                                                               SP500 - Daily
                                                               SP500 -Weekly


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