Daily Report - 20 Sep 2016

End of Day Technical Analysis Report for:

, GOLD, and SP500

► EUR/USD: 1.1140 spport likely to come under attack tomorrow and possible break to test 1.1000.
Technical Recommendation: price likely to break 1.1140 support.
                                                                 EURUSD - Daily

GBP/USD: price approaching key confluent support area 1.2850-1.2950 and already touching the bottom Bollinger band. We are likely to see a bounce when thsi area is properly tested.
Technical Recommendation: Look for market to test 1.2850-1.2950 area and bounce.
                                                                  GBPUSD - Daily

AUD/USD: price testing dynamic resistance at the 20/50 sma's. We are watching this area to see how price reacts.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: price stuck between 101.60 and 102.70 short term with 101.60 acting as key support. We are watching this area to see how price reacts.
Technical Recommendation: Stand aside.
                                                                 USDJPY - Daily

GOLD: a small pull back to the 8 ema but we still feel price is likely to resume to the downside and go to test key support area around 1300.
Technical Recommendation: Look for market to test 1300 area.
                                                               XAUUSD - Daily

► SP500: market still inside last week's mother candle. 2 pin bars at confluent resistance at 2150 suggest we may see further downside short term.
Technical Recommendation: Stand aside. Preference to the downside.
                                                               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.