Daily Report - 12 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and DAX30



► EUR/USD: the Euro is headed towards 1.0960 support. There might be a pause at 1.1000. We had hoped for a pull back to get short but we didn't get one. Anyone short should consider taking some profit at 1.1000.
Technical Recommendation: Price nearing key support.
                                                                 EURUSD - Daily

GBP/USD: an inside doji today. Market is settling inside last Friday's massibe candle. We went prematurely and took a small loss, but we think we should go Long inside Friday's candle range so we will look for the right opportunity in the coming days.
Technical Recommendation: Looking to re-enter Long.
                                                             GBPUSD - Daily

► AUD/USD: we went Short this morning. Today's inside pin bar seems to support our stance.
Technical Recommendation: We are Short. Positions 15 pips in the money.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: no retracement. Price broke through 104.10 resistance and is now headed towards 106-107.

Technical Recommendation: Looking to re-enter Long.
                                                                 USDJPY - Daily

GOLD: price still inside key 1250-1258 support area. We still believe we might see a bounce so we went Long today.
Technical Recommendation: We are Long.
                                                               XAUUSD - Daily

► DAX30: after yesterday's pin bar at the top of a falling channel which has defined its action since late July, we went Short today. Position slightly in the money. We hope for a decisive push downwards for the rest of this week.
Technical Recommendation: We are Short.
                                                              DAX30 - Daily

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