Daily Report - 9 Feb 2017

End of Day Technical Analysis Report for:


► EUR/USD: market has retraced to the 38.2 Fib once again after last week's bearish pin bar. In the Weekly Bonus Video we recommended to be Short so we hope our readers followed. With the 50 sma at the 50 Fib level we suggest to remain Short with 1.0585 as target.
Technical Recommendation: Stay Short.
                                                                 EURUSD - Daily                

GBP/USD: Price bounced off the 50 Fib this week with a bullish pin bar. However Sterling appears to be stuck in a wide long term channel (1.20-1.27) and we are still close to the top of it so any bullishness shoudl be short lived.
Technical Recommendation: Stand aside.
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: we still expect a push to 0.7740.
Technical Recommendation: Look for market to reach 0.7740.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: Market reached the 38.2 Fib and a bounce is likely with 115.00 area as target.
Technical Recommendation: Look for price to test 115.00.
                                                                  USDJPY - Daily
                                                                Back to Top

GOLD: lately and in the Weekly Bonus Video we have been suggesting price was likely to test the 50 Fib level at 1230 and possibly 1240 above that where we would expect a pause. This happened this week. And with a weekly bearish pin bar forming we suggest to start looking at the Short side.
Technical Recommendation: Looking to go Short.
                                                               XAUUSD - Weekly


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.