Daily Report - 15 June 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: a bounce today but price met with dynamic resistance at the 8ema and 50sma. Market still stuck in long term sideways channel and looks headed for further downside as clearly shown in the Weekly chart. There will be support at 1.1100 but we could see the market even testing the bottom of the channel at 1.0500. So you should be Short or looking to go Short.
Technical Recommendation: looking to go Short.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: a bounce today seemingly off 1.4090 support. We think price is still likely to test 1.4000 and if this level fails we might see further downside down to 1.3860.
Technical Recommendation: Should be Short.
                                                               GBPUSD - Daily
                                                             GBPUSD - Weekly

AUD/USD: bounce today up to the 50sma. Last week's weekly pin bar at 0.7380 resistance is still the over riding technical signal here. Shorting stance is preferred with possible targets 0.7025 or even 0.6830.
Technical Recommendation: Should be Short.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: yesterday we said to cover any shorts and re-assess. Today shows a second doji at 105.65 support. As price could be stuck inside the 105.30-111.80 ranghe as shown by the weekly chart, this might be an opportunity to start thinking of a Long.
Technical Recommendation: Looking to go Long.
                                                                 USDJPY - Daily
                                                              USDJPY - Weekly

GOLD:  another mildly bullis day as price relentlessly moves to re test 1300$ resistance. Longs shoudlconsider taking some money off the table there.
Technical Recommendation: Look for 1300$ level to be reached once again!
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: a pin bar respecting 8 ema dynamic resistance. We think this market is now likely to be heading South possibly to re-test 2000 so this is a good Shorting opportunity.
Technical Recommendation: Should be Short or looking to go Short.
                                                               SP500 - Daily
                                                            SP500 - Weekly

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