Daily Report - 20 June 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: for our technical analysis please watch yesterday's Weekly Bonus Video.
Technical Recommendation: preference to going Short.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: price today reached 1.4640-1.4750 key resistance. Speculation on the Brexit outcome will be the governing factor. As per our Weekly Fundamental and COT report, the market is set for a major bounce in case of a Brexit 'Stay' vote.
Technical Recommendation: Price at Key Resistance.
                                                               GBPUSD - Daily
                                                             GBPUSD - Weekly

AUD/USD: a strong close above 0.7380 which we see as a key level for this market. If 0.7500 resistance is brojen this week we can look forward to a push to re-test 0.7500.
Technical Recommendation: Watch what price does at 0.7500 resistance.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: Last week significant level 105.50 was broken as support and now the market is likely to head further south to re-test prior support at 101.35 dating back to early 2014. This week we are looking for selling signals in the shorter time frames to join this downtrend.
Technical Recommendation: Looking to go Short.
                                                                 USDJPY - Daily
                                                              USDJPY - Weekly

GOLD: for our technical analysis please watch yesterday's Weekly Bonus Video.
Technical Recommendation: Watching 1300$ resistance level closely. Stand aside.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: for our technical analysis please watch yesterday's Weekly Bonus Video.
Technical Recommendation: preference to going Short.
                                                               SP500 - Daily
                                                            SP500 - Weekly

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