Daily Report - 5 Apr 2017

End of Day Technical Analysis Report for:


► EUR/USD: yet another pin bar at 50sma dynamic support. A bounce from here is now very likely. Look to go Long.
Technical Recommendation: Looking to go Long
                                                                 EURUSD - Daily

GBP/USD: market is rotating upwards at 1.2420 confluent support. A push to break 1.2555 resistance is now very likely.
Technical Recommendation: Looking to go Long.
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: Price stalling at 200 sma support as expected. A push to 0.7500 support is possible. We prefer to stand aside here.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: pin bar today in the direction of the downtrend. We are Short already but if not short, this is a good opportunity to do so.
Technical Recommendation: We are Short. Position +182 pips in profit
                                                                  USDJPY - Daily
                                                                  USDJPY - Weekly
                                                                Back to Top

GOLD: a long tailed pin bar at confluent support. This makes an upsiude breakout of 1260 resistance now very likely. We shoudl be looking to go Long here.
Technical Recommendation: Look to go Long
                                                               XAUUSD - Daily


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