Daily Report - 12 April 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: as we've been saying lately, price likely to retreat from current levels. Today's spinning top doji is the 8th daily doji in a row. 1.1410 is really acting as strong resistance so we think price is now very likely to retrace. We therefore issued a Sell signal earlier today.
Technical Recommendation: We are Short.  Position -14 pips under water.
                                                                 EURUSD - Daily

GBP/USD: our STTS Long almost hit target today and closed well off the highs. We still think there is more uspide to come so we remain Long.
Technical Recommendation: We are Long. Position +135 pips in profit
                                                               GBPUSD - Daily

► AUD/USD: our STTS long has regained a lot of ground and now looks set to break to the upside once more, especiallly if 0.7680 resistance is broken.
Technical Recommendation: We are Long. Position +120 pips in profit.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: the weekly chart shows how price has no support until 115.30 so there is still ca 300 pips to go. We are looking to go Short on any pull back. Today could be the start of such a pull-back.
Technical Recommendation: Looking for Sell signals.
                                                                 USDJPY - Daily
                                                              USDJPY -Weekly

GOLD:  we are still STTS Short and will remain so unless we get a daily close above 1263$.
Technical Recommendation: We are Short. Position at break even.
                                                               XAUUSD - Daily

► SP500: a good ay for our STTS Long as price recovered strongly. We feel strongly that our target will be hit soon.
Technical Recommendation: We are Long. Position +338 pips in profit.
                                                               SP500 - Daily
                                                             SP500 - Weekly

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