Daily Report - 22 Nov 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: price is now set for a significant bounce off 1.0570 support. We went Long earlier today with targets Fib 38.2 and 50.
Technical Recommendation: We are Long. Position in the money!
                                                                 EURUSD - Daily

GBP/USD: a strong close yesterday in line with our recent Long stance. Our targets are quite ambitious but we see this pair rallying further from here.
Technical Recommendation: We are 1 1/2 x Risk Long. Position 1 +257 pips, position 2 +72 pips in profit!
                                                                 GBPUSD - Daily

► AUD/USD: we went Long in this pair yesterday expecting a significant bounce and so far we are proven right. Again our targets are the 38.2 and 50 Fib levels.
Technical Recommendation: We are Long. Position +49 pips in profit!
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: price reached the 50 Fib level of the recent downtrend. We expect a retracement from here.
Technical Recommendation: Look for price to retrace.
                                                                 USDJPY - Weekly

GOLD: we expected price to re-test 1200 but 1205 appears to be acting as strong support. A bounce is likely here.
Technical Recommendation: Look for a bounce off 1205 support.
                                                                XAUUSD - Daily

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