Daily Report - 28 July 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: price price today reached the 200 sma and top Bollinger band and sold off the highs showing and end of day pin bar. We should see a downward rotation from here.
Technical Recommendation: look for price to rotate and retest 1.1000.
                                                                 EURUSD - Daily

GBP/USD: price more likely to make a push towards 1.3460 resistance but flat lining.
Technical Recommendation: Look for price to reach 1.3460.
                                                                  GBPUSD - Daily

AUD/USD: an inside candle today well off the highs and respecting 20 sma. If we had to pick a direction for tomorrow we woul dhave top say to the downside, to re-test yesterday's low and bottom Bollinger band.
Technical Recommendation: Look for a retest of the lower Bollinger Band.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a pin bar today in total conflict with yesterday's pin bar. Indecision abounds.
Technical Recommendation: Stand aside.
                                                                 USDJPY - Daily

GOLD: after yesterday's surge today the 20 sma acted as dynamic resistance. No clear trades.
Technical Recommendation: Stand aside.
                                                               XAUUSD - Daily

► SP500: 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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