Daily Report - 25 February 2016

End of Day Technical Analysis Report for:

GOLD, and SP500

► EUR/USD: after yesterday's pin bar at confluent support, we expected a bullish confirmation today, so we went Long intraday as we got a signal in the lower time frames. The day ended in a doji which means we may have to wait till tomorrow to see if we get this bounce or not.
Technical Recommendation: We are Long. Position -15 pips in loss.
                                                                 EURUSD - Daily

GBP/USD: an inside candle today stops the freefall. We may get a pull back but need a confirmation. Nothing yet to suggest a reversal.
Technical Recommendation: Look to sell on pull backs.
                                                             GBPUSD - Daily

► AUD/USD: we are still STTS Long. Today we got a bullish confirmation after yesterday's pin bar at the 8 ema and a close above 0.7220 which makes us hopeful for an upside breakout tomorrow.
Technical Recommendation: We are Long. Position +111 pips in profit.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: we said yesterday's pin bar could mark a potential Double Bottom and we'd be looking to go Long on an early entry. Today we did so as we saw a signal in the 1 hr time frame. If price breaks 8 ema dynamic resistance there could be substantial upside to this trade.
Technical Recommendation: We are Long. Position +60 pips in profit.
                                                                 USDJPY - Daily

GOLD: and inside doji today after yesterday's pin bar at 1248 resistance. We could see a sell-off from these levels. We are considering going Short BUT we need to see 8 ema dynamic support fail, or at least stronger evidence that it will do so intraday in the lower time frames.
Technical Recommendation: Changing our stance to potential Shorting.
                                                               XAUUSD - Daily

► SP500: we did say that yesterday's price action suggested 1945 resistance could be broken today. We saw an opportunity to go Long intraday at 1935 which we took looking for a likely breakout. We were rewarded with a late surge and a clear close above 1945. There is clear space till 2000.
Technical Recommendation: We are Long. Position +184 pips in profit.
                                                               SP500 - Daily


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