Daily Report - 15 Nov 2016


End of Day Technical Analysis Report for:

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



► EUR/USD: price is set to continue downwards towards the bottom of lng term channel around 1.0500. Today acts as further confirmation.
Technical Recommendation: Look for a re-test of 1.0520 support.
                                                                 EURUSD - Weekly

GBP/USD: we have been Long for a while and as promised in our Weekly Bonus Video we added to our position today on expectation of an upward rotation at the 20 sma and the 50 Fib. We used a 2 entry strategy today and our second fill at 1,2380 was just missed by a spread.
Technical Recommendation: We are 2 x Long. Position 1 +212 pips. Position 2  +32 pips.
                                                             GBPUSD - Daily

► AUD/USD: price supported by 200 sma right now and 0.7500 key support is just below. We recommended yesterday to cover any Shorts. After today's pin bar we think market is likely to rebound from here.
Technical Recommendation: Looking to go Long.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: price reached the target area we had set out and blown past it today so we expect the nextresistance level at 111.50 to be reached next.
Technical Recommendation: Look for price to reach 111.50.
                                                                 USDJPY - Daily

GOLD: we expected price to re-test 1200 but 1215 appears to be acting as strong support. A bounce is likely here.
Technical Recommendation: Look for a bounce off 1215 support.
                                                             XAUUSD - Daily

► SP5000: all time high 2194 is most likely going to be tested and surpassed short term but tough to go Long at these levels. We prefer to stand aside.
Technical Recommendation: Look for market to re-test recent all time high.
                                                              SP500 - Daily

► DAX30: price still at 10800 strong resistance which will be a key area to watch this coming week as it's the top of a clearly defined consolidation pattern.
Technical Recommendation: Price at key resistance. Stand aside. Preference to the downside.
                                                               DAX30 - Weekly

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