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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
23/06/2017
  • Emini Dow Jones
    23/06/17
    Emini Dow Jones holding good support at 21355/345 perfectly. However it is obvious we could do with a small correction after gains of 5% in only a month. On further losses look for 21315/305 & quite good support at 21260/250. A bounce from here is likely in the bull trend...there is always a buyer out there somewhere....but longs need stops below 21215. If we continue lower look for 21190/180 then support at 21120/110. Holding first support at 21355/345 allows a recovery to 21405/400 before minor resistance at 21440/4450 which held the bounce perfectly yesterday. If we continue higher today look for a retest of the all time high at 21494. On further gains look for 21610/620.
  • Bund
    23/06/17
    Bund first support at 164.90/85 then 164.70/65. Below 164.60 targets minor support at 164.43/40 but look for better support at 164.15/10. A break below 164.00 tests the June low at 163.89 (also the mid-May high). On further losses look for 163.75/71. Holding above 165.00 retests the 2 day high at 165.25/29. Above 165.30 look for resistance at the 165.50/55 June high. A break above 165.55 targets 165.65/68 & 165.75 before The April high at 165.90/93.
  • Eurostoxx
    23/06/17
    EuroStoxx holding resistance at 3545/49 targets only minor support at 3518/12 before the low last week at 3490. A break lower this week is a sell signal targeting less important support at 3470/66. Above 3555 targets 3575/80 before the high this week at 3590/92. A break higher today targets the June high at 3600/01 before the mid-May high at 3614/16.
  • Dax
    23/06/17
    Dax key to direction is the 12780/790 level yet again of course but risks are to the downside as stated yesterday. Holding below here targets 12700/690 & 12665/655, perhaps as far as 12630. If we continue lower look for a test of last week's low at 12615/610. First resistance at 12780/790 has held on the last 3 tests over the past 2 days so is obviously important today. Shorts need stops above 12820. A break higher however targets 12840, perhaps as far as 12880/885 before the 12940/950 September contract high. If we break higher today look for 13000/010 & 13055/060, perhaps as far as 13115/125.
  • S&P
    23/06/17
    Emini S&P holding the best support for the day at 2429/26 perfectly for the second day. Obviously this is the level to watch on the downside. A break lower however targets the low last week at 2419/18 & 2 week low at 2415. Bear in mind a weekly close on Friday below 2418 gives us a weekly reversal sell signal. Only minor - but still a short term sell signal. Below 2415 today targets short term Fibonacci support at 2411/10 with a good chance of a low for the day. Bulls need prices above 2440 today to retest the 2450/51.50 high. Bear in mind very strong resistance at 2457/59 & again at 4.5 year trend line resistance at 2475/80.
  • Gold
    23/06/17
    Gold topped exactly at our target & quite strong resistance at 1253/54 & bottomed exactly at first support at 1247/48 as predicted. So these are the levels to watch again today. We should struggle at 1253/54, it looks like the strongest resistance of the day so we could top here again, but we do need to ease oversold conditions. Therefore be ready to stop out of shorts & reverse in to long on a break above 1256 targeting short term Fibonacci & trend line resistance at 1262/63. Watch for a high for the day here but shorts need stops above 1268. Take profit on shorts at 1256/55. First support at 1247/48 could now hold the downside again as bulls try to build a recovery in oversold conditions. Below however retests 1242/41 which has held so far this week but use strong 200 day moving average support at 1238/37 to exit shorts & try longs from here down to 200 week moving average support at 1234/33. This is the best chance of a low for the week. If we are to remain in a 6 month bull trend we should start the next leg higher from here. Longs need stops below 1225.
  • GBPUSD
    23/06/17
    GBPUSD bulls need to beat first resistance at 1.2700/10 to target minor resistance at 1.2760/65, perhaps as far as strong resistance at 1.2810/20. Failure to beat first resistance at 1.2700/10 triggers a dip to 1.2655 before the 100 day moving average support at 1.2636/32. If we continue lower look for 1.2600 & this week 's low at 1.2590/87 but bear in mind important 6 month trend line & 200 day moving average support at 1.2550/45. This could hold the downside as we become oversold on the daily chart. Longs need stops below 1.2510.
  • EURUSD
    23/06/17
    EURUSD same levels apply for today with first resistance at 1.1180/90 doing the job well this week. Shorts need stops above 1.1225. A break above here is required for a clearer recovery path towards 1.1250/55 before the 1.1295/99 November high. This will need to be broken for further bullish confirmation. A break above 1.1300 is a buy signal confirmation targeting the September high at 1.1326 & August high at 1.1360/65. First support again at 1.1120/10 is likely to hold the downside initially at least & may see a bounce to 1.1155, if not as far as 1.1180. However be aware that the best support for the day is at 1.1070/60. Try longs with stops below 1.1030. An unexpected break lower however sees 1.1060/70 act as resistance to target 1.0999/94.
  • USDJPY
    23/06/17
    USDJPY first support I should revise lower after yesterday to at 111.00/110.95 but the best support for today at 110.65/60. Longs need stops below 110.30. A break lower sees 110.60/65 act as resistance to targets 110.00/109.95. Important 100 day moving average resistance a little lower today at 111.75/80. This held gains perfectly earlier in the week so should be important again today, especially as we are now overbought on the daily chart, but shorts need stops above 112.20. A break higher targets the 100 week & 500 day moving averages at 112.50/60 for a selling opportunity with stops above 112.99.
  • AUDUSD
    23/06/17
    AUDUSD now oversold short term with strong support for a buying opportunity at 7535/25!! Try longs with stops below 7490. A break lower sees 7520/35 act as resistance on any bounce to target 7470/65, perhaps as far as 7450/45. Holding support at 7535/25 as expected targets first resistance at 7570/75. This is likely to hold a rally but shorts need stops above 7600. Further gains test resistance at the 7633/35 high which held 3 times or more in the past week. If we break higher look for 7656/60 & 7679/81, perhaps as far as 7695/99.
  • WTI Crude
    23/06/17
    WTI Crude hit the target of 4290/4300 but failed to test resistance at 4355/65. I wrote yesterday that we could start to trade sideways to ease oversold conditions & I am sticking with this as the most likely scenario. Strong resistance at 4355/65 is likely to hold a rally. However shorts need stops above 4390 & a break higher then meets a selling opportunity at 4440/50, with stops above 4485. The November low at 4220 held the downside yesterday with a low for this week at 4205 so this is the obvious important support for today. A break lower cannot be ruled out in the bear trend despite oversold conditions targeting 4185/80, 4145/40 & perhaps as far as 4151/10.
Reports for
22/06/2017
  • Gold
    22/06/17
    Gold is severely oversold in a 6 month bull trend now so a good chance of a recovery to quite strong resistance at 1253/54. Be careful here though as stated yesterday, although there is no buy signal we are severely oversold so just bear in mind we could see a small correction higher. Shorts are now risky. Be ready to buy a break above 1256 targeting short term Fibonacci & trend line resistance at 1262/63. A high for the day likely but shorts need stops above 1268. Take profit on shorts at 1256/55. First support at 1247/48 could now hold the downside but below here retests 1242/41 which has held so far this week. However use strong 200 day moving average support at 1238/37 to exit shorts & try longs from here down to 200 week moving average support at 1234/33. This is the best chance of a low for the week. If we are to remain in a 6 month bull trend we should start the next leg higher from here. Longs need stops below 1225.
  • Emini Dow Jones
    22/06/17
    Emini Dow Jones broke first support at 21405/400 to bottom exactly at better support at 21355/345 as predicted. However it is obvious we could do with a small correction after gains of 5% in only a month. On further losses look for 21315/305 & quite good support at 21260/250. A bounce from here likely in the bull trend...there is always a buyer out there somewhere....but longs need stops below 21215. If we continue lower look for 21190/180 then support at 21120/110. Holding first support at 21355/345 allows a recovery to 21405/400 before minor resistance at 21440/4450 & the all time high at 21494. If we continue higher look for 21610/620 in to the end of the week.
  • Bund
    22/06/17
    Bund failure to beat first resistance at 165.00/05 targets first support at 164.70/65. Below 164.60 targets minor support at 164.43/40 but look for better support at 164.15/10. This held perfectly on Friday but a break below 164.00 tests the June low at 163.89 (also the mid-May high). On further losses look for 163.75/71. First resistance at 165.00/05 but above here tests 165.23/27. Above 165.30 look for resistance at the 165.50/55 high. A break above 165.55 targets 165.65/68 & 165.75 before The April high at 165.90/93.
  • Eurostoxx
    22/06/17
    EuroStoxx holding resistance at 3545/49 targets only minor support at 3518/12 before the low last week at 3490. A break lower this week is a sell signal targeting less important support at 3470/66. Above 3555 targets 3575/80 before the high this week at 3590/92. A break higher today targets the June high at 3600/01 before the mid-May high at 3614/16.
  • Dax
    22/06/17
    Dax key to direction is the 12780/790 level but risks are to the downside today. Holding below here targets 12700/690 & 12665/655, perhaps as far as 12630. If we continue lower look for a test of last week's low at 12615/610. First resistance at 12780/790 but shorts need stops above 12820. A break higher however targets 12840, perhaps as far as 12880/885 before the 12940/950 September contract high. If we break higher today look for 13000/010 & 13055/060, perhaps as far as 13115/125.
  • AUDUSD
    22/06/17
    AUDUSD holding below first resistance at 7570/75 targets a buying opportunity a little lower today at 7525/20. Try longs with stops below 7490. A break lower sees 7520/25 act as resistance to target 7450/45. First resistance at 7570/75 but shorts need stops above 7600. Further gains test resistance at the 7633/35 high which held 3 times or more in the past week. If we break higher look for 7656/60 & 7679/81, perhaps as far as 7695/99.
  • USDJPY
    22/06/17
    USDJPY first support at 111.10/05 holding perfectly but the best support for today at 110.65/60. Longs need stops below 110.30. A break lower sees 110.60/65 act as resistance to targets 110.00/109.95. Important 100 day moving average resistance a little lower today at 111.75/80. We should struggle here but shorts need stops above 112.20. A break higher targets the 100 week & 500 day moving averages at 112.55/65 for a selling opportunity with stops above 112.99.
  • EURUSD
    22/06/17
    EURUSD first resistance at 1.1180/90 is likely to be the strongest of the day & we should exit longs just below here in case we don't make it. Shorts need stops above 1.1225. A break above here is required for a clearer recovery path towards 1.1250/55 before the 1.1295/99 November high. This will need to be broken for further bullish confirmation. A break above 1.1300 is a buy signal confirmation targeting the September high at 1.1326 & August high at 1.1360/65. First support again at 1.1120/10 but be warned, we could continue lower today targeting the best support for the day at 1.1070/60. Try longs with stops below 1.1030. An unexpected break lower however sees 1.1060/70 act as resistance to target 1.0999/94.
  • GBPUSD
    22/06/17
    GBPUSD bulls fight back as we hold just above the 50% retracement line of the March-May rally. Oversold in the sideways trend but bulls need to beat first resistance at 1.2700/10 to target minor resistance at 1.2760/65, perhaps as far as strong resistance at 1.2810/20. Failure to beat first resistance at 1.2700/10 triggered a dip to the 100 day moving average at 1.2636/32 & we bottomed exactly here. If we continue lower look for 1.2600 & yesterday's low at 1.2590/87 but bear in mind important 6 month trend line & 200 day moving average support at 1.2550/45. This could hold the downside as we become oversold on the daily chart. Longs need stops below 1.2510.
  • WTI Crude
    22/06/17
    WTI Crude did exactly what I said it would as we shot higher to strong resistance at 4420/30 & topped exactly here. Shorts worked perfectly as we warned bears are still in full control & prices collapsed again to the November low target at 4230/20. We wrote: However in such severely oversold conditions the downside is likely to be more limited at this stage - we bottomed just 15 tick below. Severely oversold of course but I cannot suggest longs in such a trend, without buy signals (although it is tempting to have a punt). A recovery targets 4290/4300 but resistance at 4355/65 could hold. However if we continue higher look for a selling opportunity at 4440/50, with stops above 4485. We could start to trade sideways to ease oversold conditions but a break lower cannot be ruled out in the bear trend targeting 4185/80, 4145/40 & perhaps as far as 4151/10.
  • S&P
    22/06/17
    Emini S&P retests the best support for today at 2429/26. We may bounce again as we retest this level now - perhaps another 10 pointer...but a break lower later today is more likely now. We do need a correction. Be ready to sell a break lower targeting the low last week at 2419/18 & 2 week low at 2415. Bear in mind a weekly close on Friday below 2418 gives us a weekly reversal sell signal. Only minor - but still a short term sell signal. Below 2415 today targets short term Fibonacci support at 2411/10 with a good chance of a low for the day. Bulls need prices above 2440 today to retest the 2450/51.50 high. Bear in mind very strong resistance at 2457/59 & again at 4.5 year trend line resistance at 2475/80.
Reports for
21/06/2017
  • Bund
    21/06/17
    Bund first resistance at 165.00/05 of course. With the strong close we could continue higher in the bull trend today to target 165.20 before resistance at the 165.50/55 high. A break above 165.55 targets 165.65/68 & 165.75 before The April high at 165.90/93. Failure to beat first resistance at 165.00/05 targets first support at 164.70/65. No surprises there then. Below 164.60 targets minor support at 164.43/40 but look for better support at 164.15/10. This held perfectly on Friday but a break below 164.00 tests the June low at 163.89 (also the mid-May high). On further losses look for 163.75/71.
  • Eurostoxx
    21/06/17
    EuroStoxx held support at 3545/49 but the weak close & negative price action does not look good for bulls today. A break lower targets only minor support at 3526/22. A break below Friday's low at 3518 risks a slide to reasonable support down to the low last week at 3490. A break lower this week is a sell signal targeting less important support at 3470/66. Holding 3540 allows a recovery to 3555/60. Gains are likely to be limited but above here could see a high for the day 3575/80. Shorts need stops above 3595. A break higher today targets the June high at 3600/01 before the mid-May high at 3614/16.
  • Dax
    21/06/17
    Dax collapsed from exactly 12940/950 to a couple of ticks above our buying opportunity at 12770/760. However only a small bounce from here & with yesterday's significantly negative price action the risks are to the downside today. A break below 12740 (just below the gap) is more negative targeting 12700/690 & 12665/655, perhaps as far as 12630. If we continue lower look for a test of last week's low at 12615/610. Holding 12770/760 allows a recovery to 12815 (already hit) then resistance at 12840. Gains are likely to be limited but above here we could try shorts at 12880/885 12900. Further gains re-target 12940/950. If we break higher today look for 13000/010 & 13055/060, perhaps as far as 13115/125.
  • S&P
    21/06/17
    Emini S&P new all time high followed by a much lower close in overbought conditions is not very positive. Picking a top in this market is obviously bloody stupid but you have to wonder when at least a small correction is coming. We would need to build a topping pattern for anything more significant on the downside. (The start of a more prolonged bear trend). Holding below support at 2435 is more negative targeting the best support for today at 2429/26. If this holds bears obviously remain in full control. However on further losses we retest the low last week at 2419/18 & 2 week low at 2415. Bear in mind a weekly close on Friday below 2418 gives us a weekly reversal sell signal. Only minor - but still a short term sell signal. Below 2415 today targets short term Fibonacci support at 2411/10. Bulls need prices above 2440 today to retest the 2450/51.50 high. Bear in mind very strong resistance at 2457/59 & again at 4.5 year trend line resistance at 2475/80. I cannot help thinking we are near a top as we hold just below these important levels.
  • WTI Crude
    21/06/17
    WTI Crude bounces from just below the 4310/05 target. WE ARE SEVERELY OVERSOLD WITH VERY MINOR BULLISH SIGNALS THAT MAY INDICATE A GOOD CHANCE OF A SMALL RECOVERY TODAY. I CANNOT SUGGEST LONGS IN THE BEAR TREND WITHOUT MORE SOLID BUY SIGNALS BUT I CAN SAY IT COULD BE A GOOD TIME FOR PROFIT TAKING ON ALL SHORTS. A recovery targets 4375/80 then strong resistance at 4420/30. Gains are likely to be limited in the bear trend so watch for a high for the day. Bears are still in full control. Shorts need stops above 4460 to targets a selling opportunity at 4505/15. Try shorts with stops above 4540. Bears are still in full control so a break below 4290 targets the November low at 4230/20. However in such severely oversold conditions the downside is likely to be more limited at this stage. We are likely to see sideways trading sooner rather than later to ease these conditions.
  • Gold
    21/06/17
    Gold bounce from 1242/41 meets the 100 day moving average resistance at 1247/48 & we should struggle here again. Although there is no buy signal we are severely oversold so just bear in mind we could see a small correction higher. If we manage a break above 1250 look for a selling opportunity at 1253/54, with stops above 1259. Failure to beat first resistance at 1247/48 re-targets 1242/41 then 200 day moving average support at 1238/37 for some profit taking on some shorts. In oversold conditions this could hold the downside but longs look risky - below here we test 200 week moving average at 1234/33 & probably the best chance of a low for the week. I would certainly cover all remaining shorts at this stage & wait to see what happens from here. If we are to remain in a 6 month bull trend we should start the next leg higher. Longs need stops below 1225.
  • GBPUSD
    21/06/17
    GBPUSD now topping at the 100 day moving average at 1.2636/32 on the bounce so far, meaning we could continue lower to more important 6 month trend line & 200 day moving average support at 1.2550/45. This could hold the downside as we become oversold. Longs need stops below 1.2510. First resistance at 1.2630/37 is holding but above here re-targets strong resistance at 1.2700/10. Watch for a high for the day. Shorts need stops above 1.2740 to target 1.2762/72, perhaps as far as 1.2800/05.
  • EURUSD
    21/06/17
    EURUSD 1.1120/10 is the only support of any importance & we have now eased overbought conditions so longs are much less risky today. If you try, stop below 1.1085 (a 30 pip risk) but be ready to reverse in to a short on a break lower targeting 1.1060/55. Below here should accelerate losses to 1.1025/20 & probably as far as 1.0990/85 for profit taking on all shorts. Holding good support at 1.1120/10 targets first resistance at 1.1180/90. (We are about half way there as I write). I would exit longs from here up to strong resistance at 1.1200/10 where a high for the day is likely again. Shorts need stops above 1.1225. A break above here is required for a clearer recovery path towards 1.1250/55 before the 1.1295/99 November high. This will need to be broken for further bullish confirmation. A break above 1.1300 is a buy signal confirmation targeting the September high at 1.1326 & August high at 1.1360/65.
  • AUDUSD
    21/06/17
    AUDUSD tests first support at 7570/65 but a break lower today targets a buying opportunity at 7535/30. Longs need stops below 7510. Further losses target 7504/00 then minor support at 7470/65. Holding 7570/65 allows a recovery to 7590/95 before first resistance at the 7633/35 high. We are very overbought on the daily chart so gains are likely to be limited & this has been holding. If we continue higher look for 7656/60 & 7679/81, perhaps as far as 7695/99.
  • USDJPY
    21/06/17
    USDJPY first support at 111.10/05 but we could continue lower in the trend-less market to probably the best support for today at 110.65/55. Longs need stops below 110.30. Again, important 100 day moving average resistance at 111.80/85. We should struggle here but shorts need stops above 112.20. A break higher targets the 100 week & 500 day moving averages at 112.55/65 for a selling opportunity with stops above 112.99.
Reports for
20/06/2017
  • Bund
    20/06/17
    Bund first resistance at 164.65/70 should be a tough challenge but above 164.82 targets more minor resistance at 165.00/05. Further target 165.20 before the resistance at the 165.50/55 high. A break above 165.55 targets 165.65/68 & 165.75 before The April high at 165.90/93. Failure to beat first resistance at 164.65/70 re-targets minor support at 164.43/40 but look for better support at 164.15/10. This held perfectly on Friday but a break below 164.00 tests the June low at 163.89 (also the mid-May high). On further losses look for 163.75/71.
  • Dax
    20/06/17
    Dax breaking above the June high for the September contract at 12915 targets 12940/950. We should struggle here initially but further gains in the bull trend target 13000/010 & 13055/060, perhaps as far as 13115/125. Failure to beat June high for the September contract at 12915 keeps us in a very boring sideways range targeting 12889/885 then support at 12840/830. Watch for a bounce from here, but if we continue lower look for a buying opportunity at 12770/760, with stops below 12720.
  • S&P
    20/06/17
    Emini S&P looking for a test of very strong resistance at 2457/59. Shorts need stops above 2465 with a break higher to target 2482/84. First support at 2446/44 could now hold the downside but below here risks a slide to support at 2437/35. Try longs with stops below 2430.
  • WTI Crude
    20/06/17
    WTI Crude AUGUST outlook remains negative despite severely oversold conditions - we wait for a buy signal. Trading about 20 ticks above July now, but the May low for the August contract is at 4445. We are starting to break below here which could target the May low on the continuation chart at 4380/76. On further losses look for 4355 & 4310/05 & perhaps as far as the November low at 4230/20. We watch closely for a buy signal (none yet) as we do need a recovery or at least sideways direction to ease oversold conditions. Until then any gains are likely to be limited. Minor resistance at 4475/80 then yesterday's 4520/30 high. Shorts need stops above 4550 with a break higher to target 4570/75, perhaps as far as a selling opportunity at 4605/15, with stops above 4655.
  • GBPUSD
    20/06/17
    GBPUSD taking a slide towards first support at 1.2710/1.2690. Below here re-targets the June low & 100 day moving average support at 1.2636/32. More important 6 month trend line & 200 day moving average support at 1.2550/45 could hold the downside if tested this week. If we hold first support at 1.2710/1.2690 in the sideways trend look for a bounce to 1.2762/72, perhaps as far as 1.2800/05. This has held perfectly when tested several times over the past 2 weeks but above here meets stronger resistance at 1.2825/35. If we continue higher look for 1.2880, perhaps as far as 1.2910/15 before 2 week highs at 1.2975/79.
Reports for
19/06/2017
  • Emini Dow Jones
    19/06/17
    Emini Dow Jones on the way to the next target of 21395/405 & 21450/455 then 21610/620. First support at 21320/315 but expect better support at 21285/80. Longs need stops below 21260. On further losses look for good support at 21220/210.
  • Bund
    19/06/17
    Bund holding above 164.65/70 targets first resistance at 165.00/05. Further gains test minor resistance at 165.20 before the 165.50/55 high. A break above 165.55 targets 165.65/68 & 165.75 before The April high at 165.90/93. First support at 164.65/70 but below here re-targets minor support at 164.43/40 then better support at 164.15/10. This held perfectly on Friday but a break below 164.00 tests the June low at 163.89 (also the mid-May high). On further losses look for 163.75/71.
  • Ftse
    19/06/17
    FTSE holding above above 7450 re-targets week's high at 7481/87. On a break above 7500 look for 7515 & 7535/40. Below 7440 risks a slide to first support at 7420/15. If we continue lower look for 7380/75 again. Further losses test a buying opportunity at 7340/35.
  • Eurostoxx
    19/06/17
    EuroStoxx topped at 3545/49 but if we continue higher today look for a test of the 2 week high at 3581/87, perhaps as far as 3600/01 this week. Failure to beat 3545/49 tests first support at 3524/29. A break below Friday's low at 3518 risks a slide to reasonable support down to 3490. A break lower this week is a sell signal targeting less important support at 3470/66.
  • Dax
    19/06/17
    Dax holding above 12730 targets resistance at 12800/810. A break higher targets 12850/860 before the previous all time high of 12879.50. On a break above the new all time high at 12922.50 (June high for the September contract at 12915) look for 12940/950. We should struggle here initially but further gains in the bull trend target 13000/010 & 13055/060, perhaps as far as 13115/125. Below 12700 tests first support at 12650/640 but be ready to sell a break below 12610 (note the September contract 12610 low last week) to target 12560/550 & perhaps as far as 12490/480. Look for good support at 12460/450.
  • S&P
    19/06/17
    Emini S&P bounced well from 2418 back to 2431/29 & over ran as far as 2439. Looks like we are in a sideways trend now for a while to ease overbought conditions...as is normal. Back below 2435 targets first support at 2430/29 & minor support at 2424 before the May high & good short term Fibonacci support at 2418/16 (which has held perfectly so far of course). Next downside target & Fibonacci support at 2408/06. A break below 2400 targets 2395 & perhaps as far as a buying opportunity at 2385/83. Above 2436/39 sees prices head towards the double top at the new all time high at 2444/2445.75. If we do break higher unexpectedly, look for very strong resistance at 2457/59.
  • WTI Crude
    19/06/17
    WTI Crude outlook negative as we drift back towards the May low for the July contract at 4418/13. A stated last week, longs are very risky, if you decide to try I would suggest a stop below the May low on the continuation chart at 4380/76. A break lower is an obvious sell signal targeting 4355 & 4310/05 & perhaps as far as the November low at 4230/20 before the end of June. Holding important support at 4418/13 for a second time re-targets 4480/90 & with a small double bottom we would perhaps reach as far as strong resistance at 4530/40 today. Watch for a high for the day. However Shorts need stops above 4565. If we continue higher look for a selling opportunity at 4600/10, with stops above 4650.
  • Gold
    19/06/17
    Gold holding below 1256 retests the 1251 low before 100 day moving average support at 1248/46. In oversold conditions this will be the best support of the day. However if we continue lower look for 1241 then 200 day moving average support at 1238/37. Minor resistance at 1257/58 then quite strong resistance at 1261/62. Shorts need stops above 1265. If we continue higher look for a selling opportunity at 1268/69 with stops above 1276.
  • GBPUSD
    19/06/17
    GBPUSD above 1.2762/72 targets 1.2800/05 then stronger resistance at 1.2825/35. If we continue higher look for 1.2880, perhaps as far as 1.2910/15 before 2 week highs at 1.2975/79. Below 1.2760 risks a slide to first support at 1.2710/1.2690. Below here re-targets the 1.2636/32 low & 100 day moving average support at 1.2630/27. More important 6 month trend line & 200 day moving average support at 1.2555/50 could hold the downside if tested this week.
  • EURUSD
    19/06/17
    EURUSD only resistance of any importance today is at 1.1205/10. Holding below here targets 1.1180 before last week's low at 1.1130. Strong support at 1.1120/10 could hold the downside. Try longs with stops below 1.1085. An unexpected break lower then targets the best buying opportunity of the week at 1.1065/60. Try longs with stops below 1.1020. A break above 1.1225 is required for a clearer recovery path towards 1.1250/55 before the 1.1295/99 November high. This will need to be broken for further bullish confirmation. A break above 1.1300 is a buy signal confirmation targeting the September high at 1.1326 & August high at 1.1360/65.
  • USDJPY
    19/06/17
    USDJPY above 111.00 targets 111.40. If we continue higher look for 111.56/60 & probably as far as the 100 day moving average at 111.80/85. Holding below 110.70 targets very minor support at 110.48/45 then better support at 110.07/12. Watch for a low for the day. Longs are risky in the 6 month bear trend. A break below 109.85 signals further losses towards 109.60/55 then the best support for this week at 109.10/00.
  • AUDUSD
    19/06/17
    AUDUSD first resistance at the 7633/35 high. We are very overbought on the daily chart so gains are likely to be limited but this is more of a target than resistance, so if we continue higher look for 7656/60 & 7679/81, perhaps as far as 7695/99. Failure to beat the 7633/35 high targets 7595/91 then first support at 7570/65 which looks likely to hold the downside again today. However below here this week targets a buying opportunity at 7535/30. Longs need stops below 7510. Further losses target 7504/00 then minor support at 7470/65.