Weekly Bonus Technicals 3 April 2016


Weekly Bonus Analysis Video on SP500, GOLD, AUDUSD and GBPUSD (6 min 30 sec)
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Hello everybody welcome to our weekly bonus analysis video
I'm Stef Breschi and today is Sunday, the 3rd of April 2016
Today we cover 4 markets we were active in last week and currently have positions in … the SP500, GOLD, the Aussie dollar and Sterling US dollar!
SP500
After our profitable Long from 1935 to ca 2000, we re-entered the market Long at 2028 believing the medium term Double bottom would play out … last week price resumed to the upside and we are now very close to our target 2086 which also happens to be in the 2080-2100 key resistance band. This area of resistance will likely cause the market to struggle going much further so we will be happy to take our money of the table in this area if we get there next week!
XAUUSD
Hopefully if the SP500 reaches our target early next week, it will coincide with Gold making a final push downwards towards our target for the Short trade we entered 2 weeks ago, which is the 50 Fib around 1165. Last week’s weekly bearish pin bar suggests this to be the most likely scenario.
AUDUSD
We went Long at 0.7560 on 16th March … as price formed a new swing low ..and after some initial suffering, last week price resumed to the upside and now seems to have successfully broken 0.7650 resistance. Because of last week’s very bullish weekly close we can safely say that this pair has successfully broken area of resistance 0.7380-0.7440 which has then acted as support so we are confident that next week we will see a major push towards our targets which are best seen in the weekly chart as 0.8070 and 0.8225. We remain Long.
GBPUSD
Went Long again last week at 1.4255 and got close to our targets but didn’t quite get there, so following the 2 dojis late in the week at 1.4370 resistance we were on the lookout for evidence of price going against us to get out of the trade. We got a signal to exit the trade in the 1 hr chart as the short and medium term averages were tested again. So we exited at 1.4330 for a 75 pip profit … not as much as we could have made but lucky we exited as price later on Friday collapsed and we would now be sitting on a potential loss.
So as you can see our subscribers don’t just get signals from us but also trade management decisions as they happen.
Thank you for watching please take a look at our subscription service STTS which stands for short term trade setups which covers all the major currencies and other markets which we are likely to be trading
come and find us on www.tff-onlinetrading.com/market analysis
have a great week

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