Daily Report - 20 Sep 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
, 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

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