Daily Report - 11 Apr 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: Price consolidating around 1.0600 and below the 8 ema. This is a key area. Medium term we see this as the completion of a 2nd wave in the current downtrend and expect a 3rd wave to start, resulting in further downside to re-test 1.0400-1.0500 area of support
Technical Recommendation: Looking for a downward rotation
                                                                 EURUSD - Daily

GBP/USD: as price has bounced 1.2420 confluent support, the push to break 1.2555 resistance is underway as predicted.
Technical Recommendation: Market to test 1.2555.
                                                                 GBPUSD - Daily
                                                                                                                 Back to Top

► AUD/USD: Price has reached 0.7500 support as predicted. We  stand aside here to see what happens at this key area.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: market breaks 110>00 support and resumes to the downside.  Price getting closer to our target
Technical Recommendation: We are Short. Position +296 pips in profit
                                                                  USDJPY - Daily
                                                                USDJPY - Weekly
                                                                Back to Top

GOLD: upside breakout of 1260 resistance as per our last daily of last week. We resisted closing our Long after Friday's pin bar at resistance as intraday action did support a breakout. We are still Long.
Technical Recommendation: We are Long. Position +180 pips in profit
                                                               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.