Daily Report - 6 July 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: 1.1060held as support and 1.1100 halted the bounce back together with the 8 ema. This is a key level now. Depending on what happens tomorrow we may decide to take a trade after that.
Technical Recommendation: Price at Key level.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: price making a new low today but closing off the lows. We are looking to go Short on any retracement.
Technical Recommendation: Should be Short.
                                                               GBPUSD - Daily
                                                                GBPUSD - 4hr

AUD/USD: we exited just above break even today as price seemed to want to head south. Instead we got a strong rebound closing above 0.7500 once again. We will probably look to re-enter Long.
Technical Recommendation: Looking to re-enter Long.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: stopped out early today only to see price close well off the lows and respecting 101.35 support.
Technical Recommendation: Stopped out. Re-assessing.
                                                                 USDJPY - Daily
                                                               USDJPY - Weekly

GOLD: another higher high today even though price closed off the highs. We went Long on Monday and hope to see the market head towards our targets which are 1390 and higher.
Technical Recommendation: We are Long. Position +369 pips in profit.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: a pin bar respecting all teh moving averages today and stopping dead on 2100 resistance. We want to see a proper test of 2120 resistance before deciding to take on a position.
Technical Recommendation: Look for a re-test of 2120.
                                                               SP500 - Daily
                                                            SP500 - Weekly

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