Daily Report - 10 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and DAX30



► EUR/USD: the Euro is back at teh bottom of teh triangular consolidation it's been stuck in since July. 1.1130 is a critical support, Will it hold? If we see a bullish confirmation tomorrow it might mean an upside breakout. If it fails we will see a push towards 1.1000 support.
Technical Recommendation: Price at key support. Awaiting confirmation.
                                                                 EURUSD - Daily

GBP/USD: for our technical analysis please watch yesterday's Weekly Bonus Video.
Technical Recommendation: We are Long. Position +45 pips. Moved Stop to 0.3 x Risk.
                                                             GBPUSD - Daily

► AUD/USD: the Aussie is in a very tight range right now, 8/20 emas acting as dynamic resistance and 0.7580 as static support. In the absence of any bullish candlestick signals gere, we favour teh downside and a push towards the 200 sma and the lower Bollinger band.
Technical Recommendation: Look for a push to the 200sma.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: for our technical analysis please watch yesterday's Weekly Bonus Video.
Technical Recommendation: +323 pips profit taken. Re-assessing.
                                                                 USDJPY - Daily

GOLD: price at key 1250-1258 support area. The 23.6 Fib is acting as resistance for now. But we might see a bounce.
Technical Recommendation: Look for price to bounce in this area.
                                                               XAUUSD - Daily

► DAX30: the Dax is right at the top of a falling channel which has defined its action since late July. An upside breakout will most likely mean a new high since 2012. Next couple of days will be key.
Technical Recommendation: Price at Key dynamic reistance. Stand aside.
                                                              DAX30 - Daily
                                                              DAX30 - Daily

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