Daily Report - 21 Mar 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: our STTS Long hit 1st Target today where we exited 70% f the position for +190 pips profit (+3.5 x Risk). Our T2 is set at 1.0900
Technical Recommendation: T1 hit for +190 pips profit. Still partially Long to T2
                                                                 EURUSD - Daily

GBP/USD: Sterling easily broke through resistance area 1.2385-1.2420 today which we did not expect. Price now likely to test 1.2550 above
Technical Recommendation: Look for a push to 1.2550
                                                                 GBPUSD - Daily
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► AUD/USD: price backs off key 0.7745 resistance in quite a dramatic fashion. A further retracement is likely.
Technical Recommendation: Further likely retracement.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: today we went STTS Short expecting a drop to 111.80 support and beyond. 111.80 was reached and we now expect its support to fail.
Technical Recommendation: We are Short. Position +65 pips in profit
                                                                  USDJPY - Daily
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GOLD: market ireached 1245 area today where it is likely to meet with the 200 sma. Market is likely to pause here.
Technical Recommendation: Stand aside
                                                               XAUUSD - Daily

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