Daily Report - 27 July 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: price closed above 1.100 and the 20 sma and more significantly ..back at the same level as where it's been since the Brexir referendum result. Also in middle of recent range. Short term play is now to look for the market to reach 1.1150 with rising 200 sma and falling 50 sma.
Technical Recommendation:look for price to reach 1.1150.
                                                                 EURUSD - Daily

GBP/USD: price seemingly bouncing off 1.3100 but ardly in aconvincing manner. Price is now likely to make a push towards 1.3460 resistance.
Technical Recommendation: Look for price to reach 1.3460.
                                                                  GBPUSD - Daily

AUD/USD: a maasive spinning top doji today which ultimately exposes this market's current indecision. We see no clar trade here.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a pin bar rejecting 106.30. 20 and 50 smas acting as dynamic support for now. No sign of an upward rotation. If anything this could mean a downside continuation.
Technical Recommendation: Looking for further downside.
                                                                 USDJPY - Daily

GOLD: a surge today closing above the H&S neckline again and stopping us out. The 20 sma acting as resistance, but with price closing very close to the high of the day, we now see this market showing further strength for th erest of this week.
Technical Recommendation: Stopped out. Re-assessing
                                                               XAUUSD - Daily

► SP500: no chage to our recent commentaries! Still closing above the 8 ema and pushing against the 23.6 Fib extension level. We still see further upside at least to reach the 38.2 Fib Extension level at 2192.
Technical Recommendation: Market likely to reach 38.2 Fib extension at 2192.
                                                               SP500 - Weekly

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