Daily Report - 7 July 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: 1.1060 stillholding as support and 1.1100 holding as resistance. Still at this key level. A break tomorrow to the downisde could mean a meaningful drop.
Technical Recommendation: Price at Key level.Leaning towards the downside.
                                                                EURUSD - Daily

GBP/USD: a small pin bar today showing thsi market's reluctance to bounce. We are looking to go Short on any retracement.
Technical Recommendation: Should be Short.
                                                               GBPUSD - Daily

AUD/USD: we re-entered Long earlier today but price went against us, at least for the time being.
Technical Recommendation: We are Long again. Position slightly under water.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: an inside candle today as price struggled to re-test 101.35 resistance.
Technical Recommendation: Stand aside.
                                                                 USDJPY - Daily

GOLD: no higher high today . Market taking a breather. We are still Long and see no reason to exit. We hope tomorrow after NFP to see the market head towards our targets which are 1390 and higher.
Technical Recommendation: We are Long. Position +338 pips in profit.
                                                               XAUUSD - Daily

► SP500: 2100 resistance causing a doji today ahead of tomorrow's NFP data. 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

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