Daily Report - 13 April 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: after 8 daily dojis in a row, we went Short yesterday and were rewarded today by the largest bear candle for many weeks. This bodes well for our position.
Technical Recommendation: We are Short.  Position +92 pips in profit.
                                                                 EURUSD - Daily

GBP/USD: yesterday's pin bar whucg just missed our target, was followed today by a bear candle which has met with what shoudl be strong confluent support at 1.4200 and all the averages bunched up together. Hopefully price will bounce tomorrow, but if it doesn't we will most likely get out.
Technical Recommendation: We are Long. Position +74 pips in profit
                                                               GBPUSD - Daily

► AUD/USD: our STTS long has once again met with 0.7680 resistanceand failed to break it today. The Weekly chart makes us want to stay in.
Technical Recommendation: We are Long. Position +94 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 a long way to go. We are looking to go Short on any pull back. A pull back is indeed on teh way but we have not yet seen any Sell signals in the lower timeframes..
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$. Today price fell once again making us glad we remained true to our original stance.
Technical Recommendation: We are Short. Position +124 pips in profit.
                                                               XAUUSD - Daily
                                                          XAUUSD - Weekly

► SP500: another good day for our STTS Long as price broke recent highs. We are now just less than 5 points to our target.
Technical Recommendation: We are Long. Position +535 pips in profit.
                                                               SP500 - Daily
                                                             SP500 - Weekly


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