Daily Report - 28 Mar 2017

End of Day Technical Analysis Report for:


► EUR/USD: confluent reistance at 1.0870 and the 200 sma is causing the market to retreat. We expect a retracement.
Technical Recommendation: Look for a retracement.
                                                                 EURUSD - Daily

GBP/USD: similarly to the Euro, confluent reistance at 1.2550 and the 200 sma is causing Sterling to retreat. We did predict it yesterday! We expect a further pull back from here.
Technical Recommendation: Retracement underway.
                                                                 GBPUSD - Daily
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► AUD/USD: the Aussie is consolidating above 0.7605 support. We expect further downside.
Technical Recommendation: Further likely downside.
                                                                 AUDUSD - Daily
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► USDJPY: market pulling back somewhat but we expect a downside resumption. We are still STTS Short.
Technical Recommendation: We are Short. Position +140 pips in profit
                                                                  USDJPY - Daily
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GOLD: market retreating from the 1260$ significant level. A retracement is likely from this level.
Technical Recommendation: Look for a retracement
                                                               XAUUSD - Daily


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