Daily Report - 19 Apr 2017

End of Day Technical Analysis Report for:


► 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


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