Daily Report - 14 Sep 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: price still at key area of confluent support and still inside Fridays mother candle range. We wait for a break either side.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: we were stopped out yesterday in our Long. Today price bounced off the 50 sma. We will see tomorrow if this is another buying opportunity.
Technical Recommendation: Stpped out. Re-assessing.
                                                                  GBPUSD - Daily

AUD/USD: 0.7500 support was broken in spectacular fashion yesterday. Breas appear to be in control but there is strong confluent support at 0.7445 and the 200 sma. Inside candle today.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a pin bar today at 50 sma and 102.50 resistance. We could see a downward rotation from here.
Technical Recommendation: Looking to go Short.
                                                                 USDJPY - Daily

GOLD: a pull back today after the recent mini-downtrend. 8 ema and 20. Price likely to test 1305-1312 support area.
Technical Recommendation: Look for a test of 1305 support.
                                                               XAUUSD - Daily

► SP500: 2120 acting as support but price still stuck inside Monday's huge bull candle. Big volatility right now in this market. Stand aside for now.
Technical Recommendation: Stand aside. Preference to the upside.
                                                               SP500 - Daily

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