Daily Report - 13 July 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: price retraced back to the 20/200 smas today after yesterday's bearish pin bar which saw us going short early today. We hope the 20 sma will hold as resistance and price will resume to the downside tomorrow. We remain Short.
Technical Recommendation: We are Short. Position -43 pips underwater.
                                                                EURUSD - Daily
                                                              EURUSD - Weekly

GBP/USD: for now the 23.6 Fib level has held as resistance. We did not see any Buy signals in the lower time frames so we remain sidelined for now.
Technical Recommendation: Possible further retracement. But need to see a Buy signal.
                                                                  GBPUSD - Daily
                                                                GBPUSD - 1 hr

AUD/USD: an attempt at a retracement today though price closes well off the lows. We remain Long and looking for our targets to be hit hopefully this week.
Technical Recommendation: We are Long. Position +102 pips in profit.
                                                                 AUDUSD - Daily
                                                               AUDUSD - Weekly
                           Back to Top

► USDJPY: a small inside candle today but this does not change our view that the next resistance level 106.00 is likely to be reached next.
Technical Recommendation: Look for 106.00 to be reached.
                                                                 USDJPY - Daily
                                                               USDJPY - Weekly

GOLD: after a 2 day correction today price met with dynamic support at the 20 sma as we had hope. We now hope it will cause an upward rotation and resumption.
Technical Recommendation: We are Long. Position +164 pips in profit.
                                                               XAUUSD - Daily
                                                            XAUUSD - Weekly

► SP500: yesterday we said price was likely to reach 2160 which is the 23.6 Fib extension of the recent up-move. Today's high was 2158.3, just a few points shy of that. The day ends in a doji. Let's see what happens tomorrow.
Technical Recommendation: Re-assessing.
                                                               SP500 - Daily


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