Daily Report - 7 Nov 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: we expect the market to rotate to the upside once again shortly and complete Wave 3 of current uptrend.
Technical Recommendation: Looking to go Long.
                                                                 EURUSD - Daily

GBP/USD: for our technical analysis please watch Monday's Weekly Bonus Video.
Technical Recommendation: We are Long. Position +170 pips in profit.
                                                             GBPUSD - Daily

► AUD/USD: price making a good attempt at breaking strong resistance at 0.7734. We wait to see what happens here.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: Gap-Up open means we are bullish once again.
Technical Recommendation: Looking to go Long.
                                                                 USDJPY - Daily

GOLD: for our technical analysis please watch Monday's Weekly Bonus Video.
Technical Recommendation: Re-assessing.
                                                             XAUUSD - Daily

► SP5000: for our technical analysis please watch Monday's Weekly Bonus Video.
Technical Recommendation: T1 hit at 2120 for +320 pips. Remainder position +440 pips in profit.
                                                              SP500 - Daily

► DAX30: all last week we advocated being Short and in our last daily report we recommended to cover Shorts at 10245. After today's Gap-Up open, traders should be Long again.
Technical Recommendation: SHoudl have covered Shorts and now should be Long.
                                                               DAX30 - Daily

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