Daily Report - 4 Apr 2017

End of Day Technical Analysis Report for:


► EUR/USD: market still stalling at 50sma dynamic support. A bounce from here is looking more and more likely, at least to retest the 50 sma just above 1.0735.
Technical Recommendation: Look for a short term bounce
                                                                 EURUSD - Daily

GBP/USD: 1.2400 support very close to being tested. Confluent support here quite strong so we may see an upward rotation.
Technical Recommendation: Price at Key Support. Re-assessing
                                                                 GBPUSD - Daily
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► AUD/USD: 0.7600 broken and 200 sma hit today as expected. Price may pause here but we see this market test 0.7500 support soon.
Technical Recommendation: Look for a pause and a push to 0.7500.
                                                                 AUDUSD - Daily
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► USDJPY: price meeting with 110.50 support. There's a chance the market may form a Double Bottom here so we will watch thsi area closely. We are still STTS Short
Technical Recommendation: We are Short. Position +180 pips in profit
                                                                  USDJPY - Daily
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GOLD: Gold properly re-tested 1260 static resistance today and seems to be rejecting this price. We still think a retracement is likely from these levels.
Technical Recommendation: Look for a retracement
                                                               XAUUSD - Daily


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