Daily Report - 11 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and DAX30



► EUR/USD: the Euro finally broke the bottom of the triangular consolidation it's been stuck in since July. 1.1130 critical support has failed. We shoudl now see a push towards 1.0960 support.
Technical Recommendation: Key support broken. Look to sell on any pull back.
                                                                 EURUSD - Daily

GBP/USD: a further fall today towards last Friday's low 1.1970. We did get stopped ou today but only for 0.3 x Risk as we had moved our Stop closer to B/E.
Technical Recommendation: Stopped out. Re-assessing.
                                                             GBPUSD - Daily

► AUD/USD: as we had discussed lately, today we got the push towards the 200 sma and the lower Bollinger band. The latter was hit and the 200 sma is only 30 pips away.
Technical Recommendation: Look for the 200sma to be reached and for market to pause there.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a second failure at 104.00 today. Market looks like potentially retracing substantially from here.
Technical Recommendation: Look for a retracement.
                                                                 USDJPY - Daily

GOLD: price still inside key 1250-1258 support area. We still believe we might see a bounce.
Technical Recommendation: Look for price to bounce in this area.
                                                               XAUUSD - Daily

► DAX30: a pin bar at the top of a falling channel which has defined its action since late July. This makes a retracement more likely.
Technical Recommendation: Price at Key dynamic reistance. Look for a retracement.
                                                              DAX30 - Daily

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