Daily Report - 9 March 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
, EURGBP

GOLD, and SP500



► EUR/USD: today we exited our Long for a loss as intraday acion looked like sending the pair south. Price later bounced off the lows forming a pin bar respecting 8ema support. The last 3 daily pin bars show great indecision at this key resistance level. Upside breakout is still the more likely.
Technical Recommendation: Exited for -47 pips loss (1/2 Risk). Re-assessing.
                                                                 EURUSD - Daily

GBP/USD: small inside doji still closing above the 8 ema, but so far the 50 sma and 1.4240 have acted as resistance. We favour an upside continuation.
Technical Recommendation: Looking to go Long again on a pull back.
                                                             GBPUSD - Daily

► AUD/USD: further upside today seems to have left 0.7440 behind. We had hoped for a pull back to buy into, but we may have missed the opportunity.
Technical Recommendation: Looking to go Long on a pull back.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: today the 8 ema and 20 sma failed as support and prcie closed substantially below them, comning close to our in-cost. We had remained Long looking for the Double Bottom to trigger and play out. It might still happen but we may choose to close our Long and wait for another opportunity.
Technical Recommendation: We are Long. Position +30 pips in profit.
                                                                 USDJPY - Daily

► EURGBP:  we remain STTS Short from last week. Today's pin bar respecting 0.7700 support is in contrast with recent pin bars going the other way. Westill  hope to see 0.7700 support broken in the next couple of sessions.
Technical Recommendation: We are Short. Position +24 pips in Profit.
                                                               EURGBP - Daily

GOLD:  we went Long again yesterday  and took the position off earlier today as price came under pressure taking a reduced loss. Lucky we did as we would have been stopped out for a full risk loss. Now we turn our attention to a possible Short.
Technical Recommendation: Exited for 1/2 Risk Loss. Re-assessing.
                                                               XAUUSD - Daily

► SP500: price today respected the 8 ema. We remain partially Long looking for the Double Bottom to play out.
Technical Recommendation: Still Partially Long and +550 pips in profit.
                                                               SP500 - Daily

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