Daily Report - 5 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and SP500



► EUR/USD: a doji today after yesterday's large pin bar. Mid range right now but we still think we are likely to see an upside breakout soon.
Technical Recommendation: Look for an upside breakout.
                                                                 EURUSD - Daily

GBP/USD: after yesterday's collapse through 30 year lows today we got a small doji. We remain in re-assessing mode.
Technical Recommendation: Re-assessing.
                                                             GBPUSD - Daily

► AUD/USD: price still at confluent support 0.7600 and 50 sma. We will wait and see what happens at this level though we do favour a downside breakout.
Technical Recommendation: Look for a failure of 0.7600 support.
                                                                 AUDUSD - Daily
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► USDJPY: our Long tradecontinues to do very well. After hitting T1 yesterday price continued to surge today towards our revised T2 of 104.00 for our remaining 40% exposure.
Technical Recommendation: Still partially Long. Looking for T2 to be reached.
                                                                 USDJPY - Daily

GOLD: after yesterday's collapse through all supports, a doji causing teh market to pause. Still bearish with next support not far away at 1258.
Technical Recommendation: Look for price to reach 1258 support.
                                                               XAUUSD - Daily

► SP500: no change to yesterday's commentary: price stuck between 2143 and 2175. Only bias is bearish due to repeated bearish candles in the last couple of weeks.
Technical Recommendation: Preference to the downside.
                                                               SP500 - Daily

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