Daily Report - 25 February 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
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

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMER
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.