Daily Report - 4 Jan 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: looks like price is bouncing off 1.0390 support repeatedly. A strong bounce is now likely.
Technical Recommendation: Look for a bounce
                                                                 EURUSD - Daily

GBP/USD: Sterling is consolidating between 1.2200 and 1.2380 in the short term. There is no indication of a breakout either way so we recommend standing by.
Technical Recommendation: Stand aside
                                                                 GBPUSD - Daily
                                                   Back to Top

► AUD/USD: market has made a strong bounce off 0.7175. Price now at the 20 sma dynamic resistance. We believe a further bounce is on the cards.
Technical Recommendation: Preference to further upside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: the weekly chart shows a possible reversal is in the making. We are looking for a Shorting opportunity.
Technical Recommendation: Looking for a reversal.
                                                                 USDJPY - Weekly

GOLD: price pausing at 1165 mild resistance. Market over due a bounce so we are looking to buy on any dip.
Technical Recommendation: Looking for an opportunity to buy this market for a bounce.
                                                                XAUUSD - Daily

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMER
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.