Daily Report - 18 February 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: today we finally had price entering the band 1.0970-1.1100 which we said should act as support. We will look for a Buy signal in this area.
Technical Recommendation: Price entered 1.0970-1.1100 support area.
                                                                 EURUSD - Daily

GBP/USDprice never quite reached the more significant 1.4230 level of support, which we expected to be tested. Instead today the pair attempted an upward push but met with selling above 1.4350 and confluent dynamic resistance (8 ema and 20 sma). We are not getting any clear signals here. 
Technical Recommendation: Stand aside.
                                                             GBPUSD - Daily

► AUD/USD: yesterday we went Long with our STTS subscribers in this pair. Today the market attempted to retrace but did meet with dynamic support at the 8 ema which has been rising with a decent slope. We remain Long now looking for a move towards 0.7300.
Technical Recommendation: We are Long. Position +30 pips in profit.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: we've been saying this pair is likely to retrace to 115.56-116.12 band of resistance where we hope to get a Sell signal, however today once again the 8 ema proved quite a strong dynamic resistance and looks like teh pair has rotated to the downside again from these levels. We shall look at Shorting opportunities.
Technical Recommendation: Looking to go Short.
                                                                 USDJPY - Daily

GOLD: as you know we have been waiting for to re-enter Long after our very successful Bull trade of late. After yesterday's Bull Sash pattern in the daily chart, we looked for confirmation in the shorter time frames today and we got it in the 1 hr time frame. We went Long intraday at 1211 $ just before the surge. We of course signalled our STTS subscribers who were also able to join in. We expect the market to break the recent swing high and head towards 1300. We are likely to let this one ride with a trailing Stop.
Technical Recommendation: Went Long intraday. Position +218 pips in profit.
                                                               XAUUSD - Daily

► SP500: a small pull back today after yesterday's surge, meeting with 50 sma dynamic resistance. We repeat that anyone Long should consider taking some money off the table at 1945 if the market gets there and trail a stop on the remainder.
Technical Recommendation: If Long take some profit at 1945 and run the remainder.
                                                               SP500 - Daily

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