Daily Report - 9 March 2016

End of Day Technical Analysis Report for:


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


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.