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Daily free technical analysis reports with trade signals.

Reports for
28/04/2016
  • AUDUSD
    28/04/16
    AUDUSD bounced from 7545 to 7600 & topped so far at 7612. This happens to be a 23.6% recovery from the April 21 high so is first resistance but above here we target 7655/59. Gains are expected to be limited but if we continue higher look for a selling opportunity at 7680/90. Shorts need stops above 7720. Failure to beat 7610/15 & a dip below 7590 keeps the pressure on for 7555/45 & important 3 month trend line support at 7525/20. This is the last line of defence for bulls but we are not oversold on the daily chart. Longs look a little risky & would need stops below 7500. A break & close below 7520 is a sell signal & targets minor support at 7490/85 then much better longer term Fibonacci support at 7450/45. Try longs with stops below 7415.
  • S&P
    28/04/16
    Emini S&P trading above minor resistance at 2088/89 to target 2095/2096 then 2105 recovery highs. A good chance of a high for the day again. Shorts need stops above November highs at 2110. A break higher targets 2113/14 then July highs at 2125/26 with gains expected to be a slow crawl in overbought conditions. Just bear in mind the all time high at 2134. Minor support at 2089/88 but below here targets 2082/81 then minor support at 2076/75. A break below 2071 keeps the pressure on for a buying opportunity at 2065/63 & probably the best chance of a low for the day/week here but longs need stops below last week's low at 2058. A break lower is a sell signal & sees 2063/65 act as resistance to target 2056 then 2051 & perhaps as far as 2046/44.
  • Gold
    28/04/16
    Gold has minor support at 1243/42 but better support at 1239/38 could hold the downside. Longs need stops below 1236. A break lower targets minor support at 1227/26 before an excellent buying opportunity at 1223/22. A selling opportunity at 1251/52 today. Shorts need stops above 1257. I need to make this point - 1251/52 is the most important resistance of the day but I have been looking for a positive breakout in Gold recently & sooner or later we should get it. Last week's false breakout was a surprise. A close above 1254 would signal the breakout at last. Targets are 1262/63, 1269/70 & 1280/82.
  • Dax
    28/04/16
    Dax same levels apply for today & below 10360 this morning re-targets the 100wma support at 10330/320. The last line of defence for bulls is the 200dma at 10280/10270. (A CLOSE BELOW HERE IS MORE NEGATIVE IN TO THE END OF THE WEEK). A sustained break below 10240 therefore is a sell signal & targets support at 10155/145. If this does not hold the downside look for 10120 then support at 10090/80. Minor resistance at 10360/370 but holding above here here this morning re-targets 10430/440 & perhaps as far as 10485/495 before the January 1st high at 10523. A break above here certainly possible in the 2.5 month bull trend with overbought conditions now eased. Look for targets 10565 & 10625/630. It could be a slow crawl higher but further gains target resistance at 10690/699.
Reports for
27/04/2016
  • WTI Crude
    27/04/16
    WTI Crude close above 4440 turns the outlook positive again targeting 4490/95 then 4520, perhaps as far as 4550/55. If we continue higher this week look for 4590/96. First support at 4440/4430 is key. Failure to hold here risks a slide to 4395/90, perhaps as far as support at 4370/60. Watch for a bounce from here but longs need stops below 4335.
  • Ftse
    27/04/16
    FTSE breaking 6260 is more positive & targets minor resistance at 6290/95 but above 6305 allows a further recovery to minor resistance at 6320/25. If we continue higher look for 6345/48 before the last week's high at 6383/87. The 200 week moving average at 6405/10 remains the main challenge for bulls this week. In such severely overbought conditions there is a good chance we will make it no further. We require at least a daily close above to keep bulls in control. Next target is December high at 6445/49. Holding below 6242/38 re-targets 6205/00 but important support at 6175/65 is an excellent short term buying opportunity. Longs need stops below 6145. A sustained break below 6150 is a sell signal & targets 6118/12.
  • EURUSD
    27/04/16
    EURUSD trend line support at 1.1280/75 & holding here re-targets 1.1315/20 then minor resistance at 1.1335/40. If we continue higher today, look for a test of last week's high at 1.1390/94. First support at 1.1280/75 but a break below 1.1265 signals further losses to 1.1255/50, perhaps as far as minor support at 1.1220/16. Below 1.1200 today is a sell signal targeting minor support at 1.1145/40. Too risky trying longs here but a good place for profit taking on any shorts. Further losses target strong support & a buying opportunity at 1.1110/00. Longs need stops below 1.1065.
  • Eurostoxx
    27/04/16
    EuroStoxx held first support at 3049/45 but below here the 100dma & 200wma at 3030/20 is the most important support of the week. Longs need stops below 3005. A break below 3005 today targets 2995/92 then support at 2973/71. Holding above 3045/49 means we could retest important longer term Fibonacci resistance at 3090. We also meet 3 year trend line resistance at 3100/05 this week so this 15 tick area is the main challenge for bulls. We are severely overbought so this may prove unbeatable again this week. However a break above 3110 targets March highs & December lows at 3130/33.
  • EURGBP
    27/04/16
    EURGBP has seen a small bounce to 7750/45 & as far as 7758. Although severely oversold I'm not seeing buy signals & we have not tested important support so selling in to rallies may be the best strategy. Minor resistance at 7770 then strong resistance at 7790/95 could see a high for the day. Shorts need stops above 7810. On the downside we obviously have yesterday's low at 7730 but below here targets 7715/10 then good support at 7685/80. This is the best chance of a low for the week & for the 3 week correction, but longs need stops below March lows of 7750.
  • Dax
    27/04/16
    Dax holding below 10360 re-targets the 100wma support at 10330/320. The last line of defence for bulls is the 200dma at 10280/10270. (A CLOSE BELOW HERE IS MORE NEGATIVE IN TO THE END OF THE WEEK). A sustained break below 10240 therefore is a sell signal & targets support at 10155/145. If this does not hold the downside look for 10120 then support at 10090/80. Minor resistance at 10360/370 but above here re-targets 10430/440 & perhaps as far as 10485/495 before the January 1st high at 10523. A break above here certainly possible in the 2.5 month bull trend despite overbought conditions & targets 10565 then 10625/630. It would be a slow crawl higher but further gains target resistance at 10690/699.
  • GBPUSD
    27/04/16
    GBPUSD has strong longer term resistance at 1.4630/40 which was hit yesterday. Possible we could retest today for an excellent selling opportunity. Try shorts with stops above 1.4680. If stops are unexpectedly triggered we must then hold & close above 1.4640/50 to signal a bullish breakout to target 1.4720/25. A good chance a high for the week will be seen around 1.4630/50. First support at 1.4570/60 but below 1.4545 targets 1.4510/05 for some profit taking on any shorts. if we continue lower strong support at 1.4490/80 could see a low for the day. longs need stops below 1.4460. Just be aware that further losses target a buying opportunity at 1.4399/90. Stop below 1.4360.
  • E Mini Nasdaq
    27/04/16
    Emini Nasdaq has just managed to hold above 4400 as I write but must beat 4415 for any chance of a recovery. We can then target 4431/35, perhaps as far as resistance at 4442/45. A good chance of a high for the day but shorts need stops above 4455. Further gains target 4470/73. A sustained break below 4400 targets 100 day moving average support at 4378/74. A break below 4365 targets 4340/36.
Reports for
26/04/2016
  • WTI Crude
    26/04/16
    WTI Crude first support at 4270/60 is probably the strongest of the day but longs need stops below 4240. If we continue lower look for 4175 then support at 4155/45 for a short term buying opportunity. Longs need stops below 4110. Minor resistance at 4320/25 then again at 4390/4400 but strong resistance at 4430/40 is the main challenge for bulls today. Shorts need stops above 4465. A break & CLOSE above here would be required to turn the outlook positive again & target 4490/95 then 4520, perhaps as far as 4550/55.
  • Bund
    26/04/16
    Bund close below 162.30/25 is a sell signal so a break below the 100dma support at 161.95/90 targets the gap at 161.80 then 161.64/60 & perhaps as far as 161.45. If we continue lower look for 161.35/30 & 161.10/00. Only holding above 162.30 keeps bulls in control & allows a recovery to minor resistance at 162.53/55. If we continue higher look for yesterday's high at 162.75/80. A break above here is more positive & targets minor resistance at 162.91/95.
Reports for
25/04/2016
  • EURUSD
    25/04/16
    EURUSD has minor support at 1.1220/16 but below here today targets 1.1190 & support at 1.1145/40. A bounce from here is possible in short term oversold conditions but not sure I would risk trying longs here. A good place for profit taking on shorts however with a bounce above 1.1170 able to reach resistance at 1.1215/19. Holding 1.1216/20 targets trend line resistance at 1.1270/75 & a high for the day possible. Shorts need stops above 1.1290. Further gains target 1.1315/20.
  • GBPUSD
    25/04/16
    GBPUSD closed the week just above the descending 2.5 month trendline which is at 1.4385 today. Holding above here is more positive & we are looking for gains at the start of this week. We must beat the 100dma at 1.4425/30 to confirm a buy signal & target 1.4456/60 then March highs at 1.4504/14. This should be a challenge in overbought conditions but eventually further gains could be seen to 1.4535 & 1.4570/75. Longs at 1.4385/80 need stops below 1.4345. Further losses re-target 2 day lows at 1.4310/00. A break below here targets minor support at 1.4280.
  • WTI Crude
    25/04/16
    WTI Crude outlook is more negative after failure at 4445/50 last week. We meet first support at 4320/10 but this is less likely to hold today & below 4300 targets 4270/60. If we continue lower look for 4175 then strong support at 4155/50 & the best chance of a low for the day. Minor resistance at 4390/4400 but strong resistance at 4430/40 is the main challenge for bulls today. Shorts need stops above 4465. A break & CLOSE above here would be required to turn the outlook positive again & target 4490/95 then 4520, perhaps as far as 4550/55.
  • Bund
    25/04/16
    Bund strong support at 162.30/25 is key to direction as you can guess! A break lower however targets the 100 day moving average support at 161.95/90 with a chance of a low for the day in oversold conditions. A break below the gap at 161.80 however needs to trigger stops & keeps the pressure on for 161.64/60 & 161.45. We are oversold so if this is a bull market correction we could hold 162.30/25 for a recovery to 162.65/68 then resistance at 162.85/89. A good chance of a high for the day but shorts need stops above 163.00. A break higher targets quite strong short term resistance at 163.19/22 . Shorts need stops above 163.35.
Reports for
21/04/2016
  • S&P
    21/04/16
    Emini S&P could see a short term top at 2105. We look a little over stretched & if we hold below 2098 we could see profit taking to the trend line 2091, but may be as far as support at 2087/86. Watch for a low for the day but longs need stops below 2082. Further losses target 2076. First resistance at 2015 of course & any gains are expected to be a slow crawl in overbought conditions, but above here targets November highs at 2110. If we continue higher look for 2113/14 then July highs at 2125/26.
  • GBPUSD
    21/04/16
    GBPUSD has held support at 1.4325/20 & if we bounce from here look for 1.4345 then another selling opportunity at 1.4400/10. Try shorts with stops above the 100 day moving average at 1.4435/40. Only a sustained break above 1.4440 gives bulls a buy signal but we need a close above to confirm. We could then see quick gains to 1.4456/60 & March highs at 1.4504/14. This should be a challenge in overbought conditions but eventually further gains could be seen to 1.4535 & 1.4570/75. A break below 1.4320 however targets support at 1.4265/60. A good chance of a bounce from here on at least the first test but longs need stops below 1.4230. Further losses target 1.4210 then good support at 1.4165/60.
  • WTI Crude
    21/04/16
    WTI Crude runs in to 200 day moving average resistance at 4445/50 so this is the main challenge for bulls today. Shorts need stops above 4465. A break above here however keeps the 3 month bull trend recovery in tact & we target 4490/95 then 4520, perhaps as far as 4550/55. Minor support at 4345/35 then better support at 4302/98 could hold the downside. Longs need stops below 4380. Further losses target 4260/55 then good support at 4230/20.
  • Bund
    21/04/16
    Bund first resistance 163.67/71 is probably the main challenge for bulls today. If we continue higher look for minor resistance at 164.00/05 then this week's high at 164.17. A break higher targets 164.26/30 then 164.41/44. If we continue higher look for a retest of April highs at 164.60. Obviously this is important, with a break higher to target 164.99/165.10. First support at 163.44/40 but below here re-targets the very successful support at 163.16/12. Be ready to sell a break below 163.03 to target minor support at 162.75/70. If we continue lower look for 162.58/55 then strong support at 162.30/25.
  • Gilts
    21/04/16
    Gilt minor support at 120.53/50 but below here re-targets 120.30/25. If we continue lower today look for 120.10/05 & 119.87/82. A break below 119.78 risks a retest of March lows at 119.57/52. Holding above 120.50 targets resistance at 120.67/70 is the first real challenge. A break higher targets 120.85/86 then strong resistance at 120.97/02 & a good chance of a high for the day. Shorts need stops above 121.18. A break higher targets a selling opportunity at 121.40/44.
  • E Mini Nasdaq
    21/04/16
    Emini Nasdaq running in to trouble in overbought conditions. Holding below 4540/45 targets 4530/25 before support at 4510/05. A break below 4500 today however targets support at 4489/85 which could hold the downside. Longs need stops below 4475 with further losses to target 4460. Holding above 4540/45 re-targets 4560/63 & we should struggle here. If we continue higher however look for a retest of 4583/84 highs. Just be aware that further gains this week target 4605/10 then 4619/20.