Daily Report - 28 Oct 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: price still at the 8 ema and 1.0910 resistance. We are looking for the market to rotate to the downside again, but it may do so a bit higher up.
Technical Recommendation: Looking for a downward rotation.
                                                                 EURUSD - Daily

GBP/USD: teh 8 ema is proving too much as dynamic resistance for now. Price stagnating.
Technical Recommendation: Stand aside.
                                                             GBPUSD - Daily

► AUD/USD: as we have been discussing, 0.7600 support was broken and the next test is the 200 sma around 0.7335.
Technical Recommendation: Look for a re-test of 200 sma.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: we said to look out for a possible upside breakout which came overnight. Price is now headed towards the upper trendlien and 106.70 (see weekly chart).
Technical Recommendation: Look for a test of 106.70 and upper trendline
                                                                 USDJPY - Daily
                                                                 USDJPY - Weekly

GOLD: a pause at the 8 ema today. We still believe in a substantial bounce so we remain Long.
Technical Recommendation: We are Long. Position +115 pips in profit.
                                                             XAUUSD - Daily

► SP5000: we said price should be heading towards 2125 support and it has. Next level could be 2115.
Technical Recommendation: 2125 support reached. Possible extension to test 2115
                                                              SP500 - Daily

► DAX30: the bearish tone continues. Expect some support at the 20/50 smas but further downside is likely.
Technical Recommendation: Should be Short.
                                                               DAX30 - Daily

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