Daily Report - 29 June 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: price today edged higher than 1.1100 resistance closing above it, thus not giving us a selling opportunity. Dynamic resiatnce of the 8 ema is but a few pips away so we may get a rotation around these levels tomorrow.
Technical Recommendation: Looking to go Short.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: still looking for a retracement to sell into.  We are nowehere near any form of resistance yet so we will carry on staying on the sidelines.
Technical Recommendation: Looking for a more meaningful retracement to go Short.
                                                               GBPUSD - Daily
                                                             GBPUSD - Weekly

AUD/USD: as 0.7380 acted as support we went Long and today price seems like going our way.
Technical Recommendation: We are Long.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: expecting price to retrace back to 105.50 level we went STTS short term Long against the trend this morning and so far so good.
Technical Recommendation: We are Long.
                                                                 USDJPY - Daily
                                                               USDJPY - Weekly

GOLD: price closed higher today but off the day's highs. We went Long on Monday with a tight stop below 1300 which we hope will not be tested.
Technical Recommendation: We are Long.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: a massive push up today negating our stance of looking for Shorting signals around 2040. Expect selling to come in again in the 2100-2120 area so no point in going Long at these levels.
Technical Recommendation: Stand aside.
                                                               SP500 - Daily
                                                            SP500 - Weekly


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