Daily Report - 14 April 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: a small bear candle today but making a lower low. So our Short is still looking good and half way to target.
Technical Recommendation: We are Short.  Position +110 pips in profit.
                                                                 EURUSD - Daily

GBP/USD: as advertised in yesterday's report as we did not see price bouncing off 1.4200 support today, we got out of our Long position at break even today. We go into re-assessing mode as the downside now seems more likely.
Technical Recommendation: Exited at Break Even. Re-assessing.
                                                               GBPUSD - Daily

► AUD/USD: our STTS long still struggling to break to teh upside but at least today we made a higher high and price closed above 0.7680 resistance. As previously discussed, the Weekly chart makes us want to stay in.
Technical Recommendation: We are Long. Position +133 pips in profit.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: as we have been saying, we were looking to go Short on any pull back. Today we got a Sell signal in the lower timeframes and issued an STTS Short signal. Price however bounced and closed above the 8 ema again which does not bode well for our position. We may get stopped out overnight!
Technical Recommendation: Went Short intraday. Position under pressure (-40 pips)
                                                                 USDJPY - Daily
                                                               USDJPY -Weekly

GOLD:  we are still STTS Short and today price fell once again. We are back into good profit!
Technical Recommendation: We are Short. Position +285 pips in profit.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: today price reached our original target of 2086. We did however raise the target in the morning to 2100, based on the momentum from the last 2 very bullish days. We also moved our Stop to Break Even and we will start trailing from today.
Technical Recommendation: We are Long. Position +553 pips in profit.
                                                               SP500 - Daily
                                                             SP500 - Weekly

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