Daily Report - 15 February 2016

End of Day Technical Analysis Report for:

GOLD, and SP500

► EUR/USD: last week we said we would welcome a decent pull back and it looks like we're getting it. We can see price re-testing the band 1.0970-1.1100 which should act as support. We will look for a Buy signal in this area.
Technical Recommendation: Price to re-test 1.0970-1.1100 area.
                                                                 EURUSD - Daily

GBP/USD: this pair is stuck between 1.4350 and 1.4600. We expect price to re-test the 20 sma and 1.4350 again this week.
Technical Recommendation: Re-assesssing.
                                                             GBPUSD - Daily

► AUD/USD: today teh pair seems to have finally closed above minor resistance at 0.7125 so we may see a push towards 0.7220.
Technical Recommendation: Look for price to reach 0.7220 resistance.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: this pair is retracing to 115.56-116.12 band of resistance where we hope to get a Sell signal.
Technical Recommendation: Looking for a Sell signal in the 115.56-116.12 area.
                                                                 USDJPY - Daily

GOLD: Gold is pulling back to the 1180-1200 area which we expect to act as support. Hopefully we will get a Buy signal there.
Technical Recommendation: Looking for a retracement to 1180-1200.
                                                               XAUUSD - Daily

► SP500: the market bounced strongly off 1810 support and looks like attempting a wide Double Bottom. Price looks likely to re-test 1945 resistance.
Technical Recommendation: Possible Double Bottom forming.
                                                               SP500 - Daily


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