Daily Report - 28 July 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
, 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

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMER
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.