Daily Report - 5 Apr 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► 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

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR UPCOMING WORLDWIDE DATA RELEASES

DISCLAIMER
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.
Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.
Investors considering opening a self-trading account should limit their exposure to maximum 10% of their investment capital.
Investments are not obligations of, deposits in, insured or guaranteed by TFF.