Daily Report - 5 October 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD and GOLD



► EUR/USD: we went STTS Short earluer today. Price has since broken down and appears on its way. We have ambitious targets for this trade as our Subscribers know.
Technical Recommendation: We are Short. Position +35 pips in profit.
                                                                 EURUSD - Daily

GBP/USD: this pair tested the 1.3130 and 50 sma area of support and broke through it against our expectations so we are no longer looking to go Long but rather we should be looking to re-join this downtrend which looks headed towards the 200 sma around 1.2800.
Technical Recommendation: Looking to go Short on pull backs
                                                                 GBPUSD - Daily
                                                                                                                Back to Top

► AUD/USD: we went STTS Short earlier today and the market seems to have broken down since. As we have been saying we think this pair is heading towards 200 sma and 50 Fib around 0.7700.
Technical Recommendation: We are Short. Position +38 pips in profit.
                                                                 AUDUSD - Daily
                                                                                          Back to Top

GOLD: price approaching the 200 sma in 1260 area as we have been predicting. We expect a bounce at this level.
Technical Recommendation: Look for a bounce around 1260$.
                                                               XAUUSD - Daily

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