Daily Report - 19 Apr 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: thi spair has broken through key confluent resistance at 1.0670 and is now likely to reach 1.0800-1.0865 area once more. We will look for buying opportunities.
Technical Recommendation: Looking to go Long
                                                                 EURUSD - Daily

GBP/USD: Sterling has broken the 23.6 Fib resistance level of the Brexit fall so we now believe a push towards the 38.2 Fib is very likely
Technical Recommendation: Looking to buy on any retracement
                                                                 GBPUSD - Weekly
                                                                                                                Back to Top

► AUD/USD: Price once again at the 0.7475-0.7500 band of support. We may see a bounce.
Technical Recommendation: Possible bounce
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: price at the 50 Fib level which is where we took profits last week. Market in definite downtrend but we expect this support level to hold for now.
Technical Recommendation: Stand aside
                                                                  USDJPY - Weekly
                                                                                                                             Back to Top

GOLD: following the upside breakout of 1260 resistance last week, market is retracing a little. We still believe it is heading towards our targets. We remain STTS Long.
Technical Recommendation: We are Long. Position +230 pips in profit
                                                               XAUUSD - Daily
                                                               XAUUSD - Weekly

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.