Daily Report - 30 March 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
, GOLD, and SP500



► EUR/USD: 1.1335 stopped the rise today. We had it marked as minor resistance primarily because of the medium term channel in the weekly chart so we do expect this level to be broken and for the market to reach the top of the sideways channel above 1.1500.
Technical Recommendation: Look for upside cotinuation to reach top of channel.
                                                                 EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: a pin bar today which is not great news for our Long. However s price still closed above 1.4370 so we remain hopeful of an upside continuation towards our targets. Today we got quite close to T1.
Technical Recommendation: We are Long. Position +122 pips in profit
                                                             GBPUSD - Daily
 

► AUD/USD: a close above 0.7650 resistance bodes well for our Long trade. Hopefully we will now get an upward push towards out targets, best seen in the Weekly Chart.
Technical Recommendation: We are Long. Position +111 pips in profit.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: price still in the middle of the range traded for most of the last 2 months. Nothing to do unless you're a day trader trading the range 111.35-114.44.
Technical Recommendation: Stand aside.
                                                                 USDJPY - Daily

GOLD:  yesterday's surge was almost wiped out by today's drop. Only the 50 sma is now acting as dynamic support.  We remain Short.
Technical Recommendation: We are Short. Position +310 pips in profit.
                                                               XAUUSD - Daily
                                                             XAUUSD - Weekly

► SP500: still Long ... today we got another step closer to our Double Bottom Target of 2086.
Technical Recommendation: We are Long. Position +350 pips in profit.
                                                               SP500 - Daily
                                                             SP500 - Weekly

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