Daily Report - 11 Aug 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: a pull back today back to the 200 sma and 8 ema. We still think price is likely to reach 1.1250.
Technical Recommendation: Look for price to reach 1.1250
                                                                 EURUSD - Daily

GBP/USD: after yesterday's pin bar at confluent resistance  we got a bearish confirmation today which makes a re-test of 1.2850 even more likely.
Technical Recommendation: Should be Short.
                                                                  GBPUSD - Daily

AUD/USD: a small inside candle today after yesterday's break above 0.7675. We still feel we are now likely to see price re-testing 0.7800 prior high.
Technical Recommendation: Look to go Long.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY:  101.00 level worked well as support today with the market rotating to the upside. We now have a bullish engulfing pattern at 101.00 support. If 102.00 is broken we could see a substantial rally.
Technical Recommendation: Stand aside. Preference to the upside.
                                                                 USDJPY - Daily

GOLD: after yesterday's pin bar at mid range, today we got bearish confirmation so we now expect price to go and re-test lows of recent range in the 1300-1312 zone.
Technical Recommendation: Look for 1300-1312 to be re-tested.
                                                               XAUUSD - Daily

► SP500: 2182 appears to be broken as resistance. We now expect a push towards 2200.
Technical Recommendation: Look for price to reach 2192-2200 area.
                                                               SP500 - Daily


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.