Daily Report - 5 Oct 2016

End of Day Technical Analysis Report for:

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
                           Back to Top

► 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


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.