Daily Report - 25 Aug 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: still looking for price to reach 1.1220 confluent support and hopefully get a Buy signal in this event area.
Technical Recommendation: look for Buy sisgnals around 1.1220.
                                                                 EURUSD - Daily

GBP/USD: price seems to have completed the 2nd wave of the recent bounce. We hope to see bit more of a retracement to go Long.
Technical Recommendation: If not Long look to go Long on a retracement.
                                                                  GBPUSD - Daily

AUD/USD: price still below the 8 ema and  0.7645 resistance We don;t seem to be getting a downside continuation. We go into stand-by mode
Technical Recommendation: Stand aside
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: another higher high/low combo after two bullish candles in a row at key support of 100.00. Market even more likely to bounce from here. We remain Long.
Technical Recommendation: We are Long. Position +26 pips in profit.
                                                                 USDJPY - Daily

GOLD: a new lower low and lower high. Downside continues. Should be Short looking for a re-test of 1300$.
Technical Recommendation: Look for price to re-test 1300$.
                                                               XAUUSD - Daily

► SP500: a pin bar today suggests market could be resuming to the upside soon. Should be looking to go Long.
Recommendation: Look to go Long.
                                                               SP500 - Daily

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