Daily Report - 4 October 2017

End of Day Technical Analysis Report for:


► EUR/USD: market temporarily supported at 1.1750 area, but we still believe we are likely to be re-testing 38.2 and 50 Fib levels between 1.1200 and 1.1400 in the next couple of weeks so we are still looking to be Short ideally on a pull back to the 1.1800 area.
Technical Recommendation: Looking to get Short higher up.
                                                                 EURUSD - Daily

GBP/USD: this pair is close to be a Buy in our opinion. May edge further down to test the 1.3130 and 50 sma area of support but we are as of now looking for signals to go Long.
Technical Recommendation: Looking to go Long
                                                                 GBPUSD - Daily
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► AUD/USD: we are looking for shorting opportunities on any upward push and today ends with a short term bullish signal so we are likely to get a bounce from here which should be used to sell into with a view to see this market heading towards 200 sma and 50 Fib around 0.7700. .
Technical Recommendation: Looking for shorting opportunities higher up
                                                                 AUDUSD - Daily
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GOLD: market still likely to reach 200 sma in 1260 area where we will be looking for buying opportunities expecting a bounce.
Technical Recommendation: Looking to go Long around 1260$.
                                                               XAUUSD - Daily


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