Daily Report - 14 Feb 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: 1.0585 target which is the 50 sma at the 50 Fib level was definitely hit today. If you have not done so already, we recommend covering the Short and going into re-assessing mode.
Technical Recommendation: Cover Short. Re-assessing.
                                                                 EURUSD - Daily  

GBP/USD: Price going sideways and stuck in a wide long term channel (1.20-1.27).
Technical Recommendation: Stand aside.
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: price hovering between 20 sma dynamic support and 0.7680 static resistance. We stll think a retracement is likely.
Technical Recommendation: Look for a retracement.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: we still believe this market will test 115.00 area as target. Not far after today's bull candle.
Technical Recommendation: Look for price to test 115.00. Stay Long.
                                                                  USDJPY - Daily
                                                                Back to Top

GOLD: no change to our comment from yesterday. Market looks like retracing from here so should be Short.
Technical Recommendation: Should Be Short.
                                                               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.