Daily Report - 27 Mar 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: our STTS Long hit the 2nd Target today where we exited the remaining 30% of the position for a total 275 pips and combined +3.95 x Risk. Great trade!
Technical Recommendation: T1 and T2. Re-assessing
                                                                 EURUSD - Daily

GBP/USD: Sterling reached 1.2550 as we had previously predicted. Meeting with selling in thsi area also with confluent dynamic resistance of teh 200 sma. We expect a pull back from here.
Technical Recommendation: Expect a pull back
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: price likely to break 0.7605 support as dynamic resistance of the bunched up moving averages appears too strong.
Technical Recommendation: Further likely downside.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: our STTS Short is looking great as price approaches 110.00. We have an ambitious target and remain Short.
Technical Recommendation: We are Short. Position +185 pips in profit
                                                                  USDJPY - Daily
                                                              USDJPY - Weekly
                                                                Back to Top

GOLD: market broke 200 sma resistance but met with selling at the 1260$ significant level. A retracement is likely from this level.
Technical Recommendation: Look for a retracement
                                                               XAUUSD - Daily

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