Daily Report - 19 April 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: we had been Short at 1.1370 and today, as price was surging... we exited at 1.1365 for what was essentially a Break Even trade. Price has re-entered an area of great resistance so we may still see a downward rotation. If it happens we will re-join Short.
Technical Recommendation: Exited at Break Even. Re-assessing.
                                                                 EURUSD - Daily

GBP/USD: an upward surge today which hit our target from last week's trade which we unfortunately got out of at B/E. Price enetring area of resistance and top of recent range so we are unlikely to go Long anywhere here. If anything we'll be looking at Shorting opportunities.
Technical Recommendation: Stand aside. Price at Key resistance area.
                                                               GBPUSD - Daily

► AUD/USD: a further surge today which bodes very well for our Long position at 0.7560. We are now half way to our ambitious targets.
Technical Recommendation: We are Long. Position +253 pips in profit.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: price seems to be stuck in range 107.90 to 109.35 as it consolidates after a big fall. We may see a stall until teh falling 20 sma comes down to current levels. We are looking for a Shorting opportunity at confluent resistance with a target of 115.30.
Technical Recommendation: Looking for Sell signals.
                                                                 USDJPY - Daily

GOLD:  we have been Short for a while but today we exited at Break even (actually a tiny profit) as price tested out in-cost once again. We stll think Gold is in a possible Head & Shoulder reversal ppaern so we will be looking to re-entyer Short at some point!
Technical Recommendation: Exited for +20 pips and +0.1 x Risk. Looking to re-enter Short.
                                                               XAUUSD - Daily

► SP500: price today hit our revised target of 2100 where we exited the Long trade and bagged +720 pips (2.8 x Risk). Price is now at key resistance!
Technical Recommendation: Exited at 2100 for +720 pips in profit. Re-assessing.
                                                               SP500 - Daily

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