Daily Report - 29 Sep 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: even after today's doji (second in a row) the Euro is holding above confluent dynamic support. Still looking for a re-test of the upper trendline..
Technical Recommendation: Look for a re-test of upper trendline.
                                                                 EURUSD - Daily

GBP/USD: expecting a bounce at lower trendline support we went Long last night. Price pulle back somewhat today but so far trendline holding as support.
Technical Recommendation: We are Long. Position -53 pips underwater.
                                                             GBPUSD - Daily

► AUD/USD: a substantial fall today as price closes below 0.7650 again. Further retracement now likely.
Technical Recommendation: Look for a retracement to the 20 sma.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: went Long last night after yesterday's bullish confirmation at 100.30 support. We were in very nice profit intraday but price since closed well off the highs meeting with confluent resistance at 101.60. Position still in the black and hoping for an upward resumption tomorrow.
Technical Recommendation: We are Long. Position +34 pips in profit.
                                                                 USDJPY - Daily

GOLD: a doji as the recent fall off the upper trendline loses momentum. Indecision mid-range. Stand aside.
Technical Recommendation: Stand aside.
                                                               XAUUSD - Daily

► SP500: another rejection of prices above 2168 and teh 50 sma.  Confluent resistance appears to be strong. Possible further downside tomorrow but prefer to stay out this market.
Technical Recommendation: Price at Key 2150 Support. Stand aside.
                                                               SP500 - Daily

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