Daily Report - 13 Feb 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: we recommended to be Short so we hope our readers followed. We suggested to remain Short with 1.0585 as target which is the 50 sma at the 50 Fib level ..we are practically there.
Technical Recommendation: Cover Short.
                                                                 EURUSD - Daily            

GBP/USD: Price bounced off the 50 Fib last week with a bullish pin bar but Sterling still stuck in a wide long term channel (1.20-1.27) so weprefer to stand aside here as still near the top.
Technical Recommendation: Stand aside.
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: we expected a push to 0.7740 but price seems to struggle to break 0.7680 resistance. A retracement now looks likely.
Technical Recommendation: Look for a retracement.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: we predicted a bounce was likely with 115.00 area as target. Market looks headed that way.
Technical Recommendation: Look for price to test 115.00. Stay Long.
                                                                  USDJPY - Daily
                                                                Back to Top

GOLD: lately we have been suggesting price was likely to test 1240 level and to then start looking at the Short side. Market looks like retracing from here so should be Short.
Technical Recommendation: Be Short.
                                                               XAUUSD - Daily

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