Daily Report - 30 June 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: a pin bar today rejecting proces below 1.1060-1.1100 band which appears to be acting as static support. The 8 ema however is still holding out as dynamic resistance. Tomorrow we might see which of these limits will hold. Stand aside until that happens.
Technical Recommendation: Stand aside.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: no change to our recent commentaries of this week. We are 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: a pin bar confirming 0.7380 as support once again and closing above the 8 ema again. We are Long and today's price action is a positive confirmation.
Technical Recommendation: We are Long.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: another bullish day and although the 8 ema is still acting as dynamic resistance, we are still expecting price to retrace back to the 105.50 level. We are STTS Long against the trend.
Technical Recommendation: We are Long.
                                                                 USDJPY - Daily
                                                               USDJPY - Weekly

GOLD: and inside bullish candle today. Price edigning back to our in-cost. We went Long on Monday and hope to see an upside continuation next.
Technical Recommendation: We are Long.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: another bullish day today but as mentioned yesterday, we 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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