Daily Report - 15 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. Today's large doji does not give us any more of a clue.
Technical Recommendation: Stand aside.
                                                                 EURUSD - Daily

GBP/USD: an inside pin bar today. Could be a buying opportunity if we see a break of yesterday's candle high.
Technical Recommendation: Look for an upside breakout.
                                                                  GBPUSD - Daily

AUD/USD: 0.7500 was broken to teh upside again today. Price bouncing off strong confluent support at 0.7445 and the 200 sma. Could be a buying opportunity.
Technical Recommendation: Stand aside. Preference to the upside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a bearish confirmation after yesterday's pin bar at 50 sma and 102.50 resistance. We could see a downward continuation from here.
Technical Recommendation: Looking to go Short.
                                                                 USDJPY - Daily

GOLD: a bearosh candle respecting dynamic resistance today. As we said earlier in the week, price likely to test 1305-1312 support area.
Technical Recommendation: Look for a test of 1305 support.
                                                               XAUUSD - Daily

► SP500: 2120 acted as support and today we saw a big push to the upside, 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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