Daily Report - 25 Apr 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: this pair has broken through key resistance at 1.0920 and is now likely to reach 1.1250-1.1300 area, if we get a close above 1.0920 tonight which looks likely! We will look for buying opportunities.
Technical Recommendation: Looking to go Long
                                                                 EURUSD - Daily

GBP/USD: Sterling is slowly rotating to the upsied again after last week's surge. We should now see a push towards 1.3130 which is the 38.2 Fib of the Brexit Fall
Technical Recommendation: Looking to buy
                                                                 GBPUSD - Daily
                                                                                                                Back to Top

► AUD/USD: Price looking to test once again the 0.7475-0.7500 band of support. Thsi time it might break through.
Technical Recommendation: Looking for further downside this week
                                                                 AUDUSD - Daily
                                                                                          Back to Top

► USDJPY: after yesterday's Gap-Up price surged today. This pair is bullish now. Next resistance at 111.80.
Technical Recommendation: Looking to go Long
                                                                  USDJPY - Daily
                                                                                                                             Back to Top

GOLD: market is still retracing. We exited our Long yesterday at 1272 for +160 pips. Good call as it turns out! We shoudl now wait and see what price does at the 38.2 Fib support of 1257-1260. We may see an uptrend resumption.
Technical Recommendation: Exited Long position for +160 pips profit. Re-assessing
                                                               XAUUSD - Daily

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