Daily Report - 11 Jan 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: yesterday we saw a bearish candle at the 50 sma which is once again acting as dynamic resistance. We still think this market has lifted off 1.0375 support medoium term so we see further upside from here..
Technical Recommendation: Look for a further bounce
                                                                 EURUSD - Daily

GBP/USD: Sterling is consolidating between 1.2150-2200 and 1.2380 in the short term. We may see a push to the upside short term.
Technical Recommendation: Looking for a short term bounce
                                                                 GBPUSD - Daily
                                                   Back to Top

► AUD/USD: 50 sma dynamic resistance has failed and teh bounce continues. We did suggest a further bounce was on the cards last week and this is a confirmation.
Technical Recommendation: Should be Long
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: as discussed last week, we believe a reversal is in the offing in thsi pair so traders shoudl be Short as long as daily candle does not close above the 20 sma.
Technical Recommendation: Looking for a reversal. Should be Short
                                                                 USDJPY - Dailly

GOLD: as dicussed in this weekend's Weekly Bonus Video, we see this market rising to well above 1200. Traders should be Long or looking to go Long on any dip.
Technical Recommendation: Shoudl be Long.
                                                                XAUUSD - Daily

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