Daily Report - 26 Oct 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY
GOLD, SP500 and DAX30



► EUR/USD: even though we're seeing a retracement this week so far, bias still bearish. Anyone Short has probably been covering early this week. We are looking for the market to rotate to the downside again.
Technical Recommendation: Looking for a downward rotation.
                                                                 EURUSD - Weekly

GBP/USD: price still stagnating below the 8 ema which is still acting as dynamic resistance. We are looking to go Long again but not seeing many prompts to do so just yet.
Technical Recommendation: Looking to go Long again.
                                                             GBPUSD - Daily

► AUD/USD: price approaching 0.7734 key resistance. Stand aside.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Weekly
                           Back to Top

► USDJPY: we went Long yesterday as price broke to the upside of 104.30. It looked like a great trade until selling came in causing a bearish pin bar at end of day. We will look at price action today to consider exiting.
Technical Recommendation: We are Long. Position -25 pips.
                                                                 USDJPY - Daily
                                                               USDJPY - Weekly

GOLD: yesterday we got a push past the 8 ema and 20 sma so price is now heading nicely towards our targets.
Technical Recommendation: We are Long. Position +165 pips in profit.
                                                             XAUUSD - Daily

► SP5000: we had said this market was likely to rotate to the downside in the 2146.5-2156.5 resistance area and it looks like it's happening. Market should be heading towards 2125 support now.
Technical Recommendation: Look price to reach 2125 support.
                                                              SP500 - Daily

► DAX30: Price failed at key 10800 resistance. This could be reversal area.
Technical Recommendation: Looking to go Short.
                                                               DAX30 - Weekly

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