Daily Report - 13 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, and DAX30



► EUR/USD: the Euro has bounce strongly off 1.1000 support. Yesterday we did suggest anyone short should consider taking some profit at 1.1000. Now we recommend being flat and re-assessing.
Technical Recommendation: Re-assessing.
                                                                 EURUSD - Daily

GBP/USD: a second inside doji today. Price still inside last Friday's massibe candle. We think we should go Long again. Looking for the right opportunity in the coming days.
Technical Recommendation: Looking to re-enter Long.
                                                             GBPUSD - Daily

► AUD/USD: our Short was looking great earlier today as price reached the 200 sma but has bounced back strongly. We hope price is just retesting 0.7580 resistance and the 8 ema so we remain Short.
Technical Recommendation: We are Short. Positions 10 pips in the money.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: a retracement today. We thought price was on its way to 106-107 but after today's bearish Dark Cloud Cover pattern we are not so sure.
Technical Recommendation: Re-assessing.
                                                                 USDJPY - Daily

GOLD: price still inside key 1250-1258 support area. We are Long and we remain Long as we still believe price will rotate upwards off 1250 support.
Technical Recommendation: We are Long. Position at Break Even.
                                                               XAUUSD - Daily

► DAX30:we went Short yesterday as price had rotated at the top of the recent falling channel. Market opened with a bear Window candle this morning and although it closed well off the lows, the gap down open is enough to make us remain Short.
Technical Recommendation: We are Short. Position +120 points in profit
                                                              DAX30 - Daily

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