Top Banner

Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
30/03/2015
  • EURUSD
    30/03/15
    EURUSD below 1.0910 keeps the market under pressure to target 1.0855 then first support today at 1.0825/20. Any longs need stops below 1.0800. Be ready to go with a break below here to target 1.0770/60. If trying longs here, keep a tight stop below 1.0750. Again be ready to go with a break lower to target good support at 1.0685/80. A bounce from here is expected, so try longs with a stop below 1.0655. First resistance at 1.0915/25 could hold a move higher but shorts need stops above 1.0950. Gains are expected to be limited with the negative outlook but above here could reach as far as 1.0990/95. If we make it as far as 1.1035/45 use this as an excellent selling opportunity with a stop above 1.1060. An unexpected break higher is much more positive however & targets 1.1075/80 then 1.1098/1.1115. If we continue higher we run in to resistance at 1.1150/55 which should hold a move higher at this stage.
  • WTI Crude
    30/03/15
    WTI Crude collapsed as predicted to hit all targets down to 4850 & bottomed above 4820. However we are lower over night hitting 4795. If we hold below 4850, this keeps the outlook negative for a retest of 4805/4795. A break below here adds pressure and could quickly target 4730/4720. This is quite good support and we should look oversold in the short-term at this stage, but if trying longs use a stop below 4690. We then target the next support at 4670/4665, but if this does not hold the downside look for 4605/4600. A low for the day is expected and is worth trying longs with a stop below 4575. Only above 4850/4860 is less negative for today and targets first resistance at 4890/95. If we manage a push higher look for strong resistance at 4955/4975. Should be worth trying shorts here with a stop above 5000. An unexpected break higher however could target 5080/5090.
  • Gold
    30/03/15
    Gold first resistance at 1203/1205 is key to direction. Only a break above here is more positive for today & targets resistance at 1209/1210. We are overbought now so selling in to strength looks the preferred strategy going forward. Shorts need stops above 1213 however & in the unlikely event of a break higher we could retest last week's high at 1219.5. Just above meets resistance at March highs of 1223 coupled with 50% Fibonacci at 1225 for a selling opportunity with stops above 1228. Failure to beat 1203/1205 re-targets 1195/1194 then support at 1190/89 today. This could hold the downside as we become oversold in the short term but longs need stops below 1187 to target 1181/80. Buy with stops on a move below 1177.
  • USDJPY
    30/03/15
    USDJPY now oversold and having held good support at 118.20 with a strong bounce back last week, this should signal the end of the two week correction. We look to buy into any weakness today with first support at 119.00/118.95 again today. Longs need a stop below 118.75. A break lower however risks a retest of strong support at 118.30/20. A low for the day is expected & we could try longs with a stop below 118.00. Above 119.22 targets first resistance at 119.43/119.47. We should struggle here again today, but be ready to go with a break higher to target strong resistance at 119.70/75. A good chance of a high for the day here but if trying shorts use a stop above 119.90. A break higher sees 119.70 act as good support to target 119.95/120.00 then 120.15/120.19. Just be aware that a weekly close tonight above 119.70 starts next week on a positive outlook.
  • AUDUSD
    30/03/15
    AUDUSD testing strong support at 7725/7720 as I write & despite the negative outlook, we are oversold short term but longs need stops below 7710. A break lower however sees the 7725/7730 area act as resistance for a move towards 7695/90 then 7680 and a little support at 7665/7660. If however this does not hold the downside we look likely to target 7638/35 then 7608 before March lows at 7588. Only a recovery above 7735 is more positive for today and could signal. We are ready to unwind the short-term oversold conditions to target first resistance at 7763/68. It could be worth trying small short position here with a stop above 7780 but a break higher should then target resistance at 7805/7810. If trying shorts here use a stop above 7820 and look for a test of resistance at 7835/7840.
  • GBPUSD
    30/03/15
    GBPUSD same levels apply for today & key to direction is first support at 1.4860/50 & below here targets 1.4826 then last week' low at 1.4795/94. Be ready to go with a break lower this week to target 1.4752 & 1.4725/20. If we continue lower look for 1.4697/85 then a retest of March lows at 1.4632. Holding above 1.4860 is less negative & triggers a small recovery to 1.4915/20. A high for the day possible once again but above here, trend line resistance at 1.4945/50 should hold a move higher. If we continue higher however look for a selling opportunity at 1.4990/1.5000 with stops above 1.5015. An unexpected break higher however is more positive & targets 1.5045/50 then resistance at 1.5090/95. Just be aware that a close tonight above 1.5000 is required to turn the short term outlook positive.
  • Ftse
    30/03/15
    FTSE saw 6825/22 hold the bounce perfectly & this is key to direction today. Be ready to go with a break higher to target strong resistance at 6737/40. We should struggle here but we are oversold short term & a break above would be a more positive signal to target 6853/55. If we continue higher look for strong resistance at 6870/75 for a selling opportunity with stops above 6885. Failure to beat 6825 keeps the market under pressure for a dip back to 6804/00. A bounce from here is likely but the next support at 6785/80 is really the last line of defence for bulls again this week. Buy with stops on a move below 6765. A break lower however is a sell signal & targets 6750 then support at 6720/15.
  • Dax
    30/03/15
    Dax main challenge for Bulls today is the first resistance at 11,930/940. Once through here we can push on to 11,980/985 and perhaps as far as 12,010/12,015 today. If we continue higher look for a retest of last week's high at 12,050/12,070. A break above here is obviously required for a retest of the all time high at 12,198/223.5. First support at 11,885/80 but below here sees a test of good support at 11,840/830. This could hold the downside again today but longs need a stop below 11,800 to target 11,770/760. If trying longs here we need a stop below 11,740. A break lower however risks a slide to 11,690/685 before a retest of last week's low at 11,650. Just be aware that an unexpected break lower this week meets good support at 11,600 for a buying opportunity with a stop below 11,570.
  • Emini Dow Jones
    30/03/15
    Emini Dow Jones outlook is quite positive if we can beat first resistance at 17,655/675 to target 17,715/720 then strong resistance at 17,770/780. A good chance of a high for the day here and it is worth trying shorts with a stop above 17,800. An unexpected break higher however then see 17,780/770 work as support for a move up to 17,820 and perhaps as far as 17,850/855. Any further gains run into strong resistance at 17,865/875. Below 17,630 is more negative however and risks a slide to 17,600 then 17,570/65 and perhaps as far as 17,535/530. If we continue lower good support at 17,470/460 is a buying opportunity again today but longs need stops below 17,435. An unexpected break lower is a sell signal today & targets good support at 17,315. Try longs with stops below the 200 day moving average support at 17,270.
  • E Mini Nasdaq
    30/03/15
    Emini Nasdaq above the five month trendline at 4320 retests the 2 day high at 4331/34. On a break higher look for the first resistance at 4345/46. We should at least pause here but any shorts need a stop above 4355 for the next target & resistance at 4368/69. If we continue higher we target 4379 then strong resistance at 4389/4392. Try shorts with a stop above 4400. First support at 4315/10 but below here is more negative for today and targets support at 4295/90. If this does not hold the downside we risk a retest of 100 day moving average support and last week's low at 4275/4270. Try longs with a stop below 4260. Be ready to go with a break lower however to target trendline support at 4236/4235.
  • S&P
    30/03/15
    Emini S&P must hold above 2051/50 if we are to stage a recovery & retest the 2 day high at 2058/2059. Resistance at 2061/2062 is the main challenge for bulls and could be worth trying shorts with a stop above 2066. Above here is more positive and sees 2063/2062 act as support for a move up to the next target at 2070. This could hold a move higher but be aware if we continue to push on, look for strong resistance at 2078/2079. Try shorts with a stop above 2084. Failure to hold above 2050 keeps the market under pressure to target 2045/2044. If we continue lower look for 2039/2038, but below here retest at last week's low at 2033. Again we do have good support at 2029/2028 & a good chance of a low for the day. Worth trying longs with a stop below 2023. However, a break lower would be more negative in the longer-term & targets 2021/2020 then 2013 & perhaps as far as support at 2004/01.
Reports for
27/03/2015
  • WTI Crude
    27/03/15
    WTI Crude first support at 5080 today and if we hold on here push above 3105. We can target resistance at 5160/5165. Gains should be more limited today as we become overbought but could use a stop above 5195 and then look for a retest of strong resistance at 5225/5235. Sell with stops on a move above 5270. On an unexpected break higher however there is little to stop a move up to 5340 and perhaps far as 5370. Any further gains then target February highs at 5415/5424. Any longs at 5080 need a stop below 5060. The outlook turns more negative after yesterday's rejection of strong resistance at 5225/5235. Be ready to go with a break lower to target first support at 5010/5000. Be careful trying longs today and in this case, any longs need a stop below 4980 to target 4955/4950. If we continue lower look for 4895/4890 then good support at 4850. Try longs with a stop below 4820.
  • USDJPY
    27/03/15
    USDJPY now oversold and having held good support at 118.20 with a strong bounce back, this should signal the end of the two week correction. We look to buy into any weakness today with first support at 119.00/118.95. Longs need a stop below 118.75. A break lower however risks a retest of strong support at 118.30/20. A low for the day is expected & we could try longs with a stop below 118.00. First resistance at 119.17/22 but above here confirms a more positive outlook for today and targets yesterday's high for the bounce at 119.43 coupled with resistance from here up to 119.47. We should struggle here initially, but be ready to go with a break higher to target strong resistance at 119.70/75. A good chance of a high for the day here but if trying shorts use a stop above 119.90. A break higher sees 119.70 act as good support to target 119.95/120.00 then 120.15/120.19. Just be aware that a weekly close tonight above 119.70 starts next week on a positive outlook.
  • S&P
    27/03/15
    Emini S&P must hold above 2051 if we are to stage a recovery today and retest yesterday's high for the bounce back at 2058/2059 then resistance at 2061/2062. This is the main challenge for Bulls today and should be worth trying shorts with a stop above 2066. Above here is more positive and sees 2063/2062 act as support for a move up to the next target at 2070. This could hold a move higher but be aware if we continue to push on, look for strong resistance at 2078/2079. Try shorts with a stop above 2084. Failure to hold above 2050 keeps the market under pressure to target 2045/2044. If we continue lower look for 2039/2038, but below here retest yesterday's low at 2033. Again we do have good support at 2029/2028 & a good chance of a low for the day. Worth trying longs with a stop below 2023. However, a break lower would be more negative in the longer-term & targets 2021/2020 then 2013 & perhaps as far as support at 2004/01.
  • Gold
    27/03/15
    Gold support at 1203/1201 is key to direction. If this holds & we see a move back above 1205 we could target resistance at 1209/1210. We are overbought now & yesterday's unexpectedly break above 1205 could not be sustained. Therefore selling in to strength looks the preferred strategy going forward. Shorts need stops above 1213 however & in the unlikely event of a break higher we could retest yesterday's high at 1219.5. Just above meets resistance at March highs of 1223 coupled with 50% Fibonacci at 1225 for a selling opportunity with stops above 1228. Any longs from support at 1203/1201 need stops below 1199. Holding below 1201 is more negative going forward & targets 1195/1194, perhaps as far as next support at 1190/89 today. This could hold the downside but longs need stops below 1187 to target 1181/80.
  • GBPUSD
    27/03/15
    GBPUSD same levels apply for today & key to direction is first support at 1.4860/50. Outlook is more negative after failure to beat the trend line again yesterday & holding below here targets 1.4826 then 1.4795 before Friday's low at 1.4725/20. If we continue lower look for 1.4697/85 then a retest of March lows at 1.4632. Above 1.4860 is less negative & triggers a small recovery to 1.4915/20. A high for the day possible but if trying shorts use stops above 1.4935. If we continue higher look for a selling opportunity at 1.4975/85 yet again, & use a stop above 1.5000 of course. An unexpected break higher however is more positive & targets 1.5045/50 then resistance at 1.5090/95. Just be aware that a weekly close tonight above 1.5000 is required to turn the short term outlook positive.
  • Ftse
    27/03/15
    FTSE first resistance at 6850/6855 should be a challenge but above here targets resistance at 6866/6869. This could hold a move higher today but above here is a more positive signal and targets 6883 then the next resistance at 6894/6898. A good chance of a high for the day but shorts need a stop above 6905. Be ready to go with a break higher to target 6916/6920. In the unlikely event of further gains we run into strong resistance at 6938/6942 for a selling opportunity with a stop above 6950. Failure to beat 6850 keeps the market under pressure for a dip back to 6835 then a retest of support at 6825/22. Again, a good chance of a low for the day but a break lower targets support at 6804/00. A bounce from here is expected but the next support at 6785/80 is really the last line of defence for bulls. Buy with stops on a move below 6765.
  • EURUSD
    27/03/15
    EURUSD outlook is more negative now that we failed to break strong longer term resistance at 1.1030. The bear trend should resume into April as long as we continue to hold below 1.1050. If we hold below 1.0910 today, this keeps the market under pressure with a break below yesterday's low at 1.0855 to target our first support today at 1.0825/20. Be ready to go with a break below here to target 1.0775/65. If trying longs here, keep a tight stop below 1.0750. Again be ready to go with a break lower to target good support at 1.0685/80. A bounce from here is expected, so try longs with a stop below 1.0655. First resistance at 1.0910/15 could trigger a small recovery up to 1.0955/60. Gains are expected to be limited with the negative outlook but above here could reach as far as 1.0990. If we make it as far as 1.1035/45 use this as an excellent selling opportunity with a stop above 1.1060. An unexpected break higher is much more positive however & targets 1.1075/80 then 1.1098/1.1115. If we continue higher we run in to resistance at 1.1150/55 which should hold a move higher at this stage.
  • Emini Dow Jones
    27/03/15
    Emini Dow Jones outlook for today is quite positive but we need a move above 17,660 to confirm this. We can then target 17,675/680 and 17,715/720. If we continue higher look for strong resistance at 17,770/780. A good chance of a high for the day here and it is worth trying shorts with a stop above 17,800. An unexpected break higher however then see 17,780/770 work as support for a move up to 17,820 and perhaps as far as 17,850/855. Any further gains run into strong resistance at 17,865/875. Below 17,650 is more negative however and risks a slide to 17,630/620. Below 17,600 at pressure to target 17,570/65 and perhaps as far as 17,530. If we continue lower good support at 17,470/460 is a buying opportunity again today but longs need stops below 17,435. An unexpected break lower is a sell signal today & targets good support at 17,315. Try longs with stops below the 200 day moving average support at 17,270.
  • E Mini Nasdaq
    27/03/15
    Emini Nasdaq saw a very strong bounce off 100 day moving average in fact is now holding above the five month trendline at 4315. As long as we hold above here the outlook is quite positive today as we recover from a short-term oversold position. Be ready to go with a break above yesterday's high at 4331 to target the first resistance at 4345. We should at least pause here but any shorts need a stop above 4355 for the next target of 4368/69. If we continue higher we target 4379 then strong resistance at 4389/4392. Try shorts with a stop above 4400. Below 4310 is more negative for today and targets the first support at 4295/90. If this does not hold the downside we risk a retest of 100 day moving average support and yesterday's low at 4275/4270. Try longs with a stop below 4260. Be ready to go with a break lower however to target trendline support at 4236/4235.
  • Dax
    27/03/15
    Dax main challenge for Bulls today is the first resistance at 11,930/940. Once through here we can push on to 11,980/985 and 12,010/12,015. If we continue higher look for a retest of this week's high at 12,050/12,070. A weekly close tonight above here almost guarantee a retest of the all time high at 12,198/223.5 next week. First support at 11,885/80 could hold the downside but but below here sees a test of support at 11,840/830. This should hold the downside but longs need a stop below 11,800 to target 11,770/760. If trying longs here we need a stop below 11,740. A break lower however risks a slide to 11,690/685 before a retest of yesterday's low at 11,650. Just be aware that an unexpected break lower meets good support at 11,600 for a buying opportunity with a stop below 11,570.
  • AUDUSD
    27/03/15
    AUDUSD outlook is more negative & holding below 7855 confirms this to retest support at 7805/7800. A bounce from here possible initially on the first test once again today but be ready to go with a break lower to target stronger support at 7765/7760. This also happens to be this week's low and could hold the downside today at least. However be ready to go with a break lower to target strong support at 7725/7720. A low for the day expected but longs need stops below 7710. First resistance at 7855/60 now & this looks likely to hold a move higher but above here look for a selling opportunity at 7900/7905 with stops above this week's high of 7937. An unexpected break higher however targets trendline resistance at 7965/70 for a selling opportunity with stops above 7990.
Reports for
26/03/2015
  • Emini Dow Jones
    26/03/15
    Emini Dow Jones broke 17,620/610 for a sell signal & hit all targets down to support at 17,470/460. So far we have bottomed exactly here as expected but longs need stops below 17,435. A break lower is another sell signal & targets good support at 17,315. If trying longs use stops below the 200 day moving average support at 17,270. A bounce from 17,470/460 targets 17,525/530 then 17,565/570. If we continue higher look for selling opportunity at 17,620/630. Our shorts need a stop above 17,670.
  • E Mini Nasdaq
    26/03/15
    Emini Nasdaq has collapsed to the 100 day moving average support at 4284/4283 & bottomed at 4270 as I write. If we continue lower however look for 4263/4262 then trend line support at 4239/38. May be wise to exit shorts here as we become oversold short term & try longs down to good support at 4229/28. Longs need stops below 4210. Holding above 4275 gives some hope for a recovery today to 4286/4288 and then resistance at 4294/4295. Unlikely any higher at this stage, but look for a selling opportunity at 4314/15 with stops above 4320.
  • S&P
    26/03/15
    Emini S&P has collapsed below 2038 to target good support at 2029/2028. There is a good chance of a low for the day here and being oversold short-term worth trying longs with a stop below 2023. However, a break lower would be more negative in the longer-term & targets 2021/2020 then 2013 & perhaps as far as support at 2004/01. Only holding above 2038 could offer some relief & trigger a recovery to 2044/2046. If we manage to push above here then we run into quite strong resistance at 2052/2053 for a selling opportunity with stops above the day's high at 2057.
  • WTI Crude
    26/03/15
    WTI Crude has unexpectedly rocketed higher this morning and a break above 5150/60 keeps the momentum positive to target 5200 then strong resistance at 5225/5235. There is a good chance of a high for the day here and should be worth trying shorts with a stop above 5270. On a break higher however there is little to stop a move up to 5340 and perhaps far as 5370. Any further gains then target February highs at 5415/5424. Failure to hold above 5150 however risks a return to 5090 and perhaps as far as support at 5040/5030. This could hold the downside but below here look for a buying opportunity at 4965/55.
Reports for
25/03/2015
  • Mini Russell 2000
    25/03/15
    Mini Russell 1265/1266 the big challenge today but above here we run in to 4 month trend line resistance at 1269/1271. This is the most difficult challenge for bulls this week. Unwise to bet against the bull trend but if trying shorts here use stops above 1273. Be ready to go with a break higher to target 1275/76 then 1279/80. First support at 1259/1258 held the downside perfectly over the past 2 days but we are overbought now & in need of a small short term correction. A break lower today possible therefore & meets good support at 1254/1253, which should hold the downside but longs need a stop below 1250. A break lower risks a slide to 1245/1244 then support at 1242.
  • E Mini Nasdaq
    25/03/15
    Emini Nasdaq key to direction is good support at 4428/4422. Outlook is more negative so be ready to go with a break lower to target better support & a buying opportunity at 4404/4399. A bounce from here likely but longs need a stop below 4385. Just be aware that a break below 4399 is more negative for the rest of the week & targets 4378/75. If this does not hold the downside look for a test of support at 4355. Holding good support at 4428/4422 allows a recovery up to 4440 and above here we could reach 4460 before June contract highs at 4472.50/4476.75. Unlikely any further today but above here March contract highs at 4479/4483 is another big challenge for bulls. Only a break & close above 4485 rescues bulls from a likely bout of profit-taking this week & targets 4500/05 then 4520. If we continue higher look for 4555 then 4595/4600.
  • Nat Gas
    25/03/15
    Natural Gas below 2775 targets 2735 then key trendline support at 2690/85. We look for a bounce from here but longs need stops below 2660. A break lower sees 2685/90 act as resistance then for a retest of March lows at 2641. If we continue lower look for a retest of February lows at 2595/2590. First resistance at 2775/2780 but above here re-targets 2810. We then meet resistance at 2840 but if we continue higher look for a selling opportunity at 2870/2875. An unexpected break higher however targets 2 month trend line resistance at 2915/20 for a selling opportunity.
  • Brent Crude
    25/03/15
    Brent Crude must hold above 5515/05 to retest resistance at 5585/90. If we continue higher look for strong resistance at 5665/5675 for a selling opportunity with stops above 5695. However just be aware that a break higher targets 5770/80. Failure to hold good support at 5515/5505 however keeps the market under pressure for a retest of support at 5410/5400. If this does not hold the downside today look for a retest of Friday's low at 5355, perhaps as far as 5320/5310 before three-day lows at 5265/5257. Just be aware that failure here targets 5190/85 & 5140.
  • WTI Crude
    25/03/15
    WTI Crude outlook is more negative after we failed to beat strong resistance at 4860. Below 47550 adds pressure & targets 4725, perhaps as far as good support at 4690/4685. This is the most important support of the day & could still be worth trying longs with a stop below 4660. However, a break lower confirms our idea that we have seen a top, so be ready to go with a break using 4685 as resistance for a move down to 4630 then 4600. If we continue lower we meet the next support level at 4580/4570 and that might be enough on the downside for today at least, but any longs will need a stop below 4535. Holding 4750 may allow a recovery for a selling opportunity at strong resistance at 4860/4870. Try shorts with stops above 4900. Just be aware that a break higher is not out of the question today & targets short-term resistance at 4920/25, but a break above 4950 keeps the short-term outlook positive to target 5010/5020.
  • GBPUSD
    25/03/15
    GBPUSD key to direction is first support at 1.4860/50. Outlook is more negative after failure to beat the trend line this week so be ready to go with a break lower to target 1.4795 before Friday's low at 1.4725/20. If we continue lower look for 1.4697/85 then a retest of March lows at 1.4632. Holding first support at 1.4860/50 triggers a small recovery to 1.4915/20. We should struggle here but if we continue higher look for a selling opportunity at 1.4975/85. Use a stop above 1.5000. An unexpected break higher however is more positive & targets 1.5045/50 then resistance at 1.5090/95.
Reports for
24/03/2015
  • USDJPY
    24/03/15
    USDJPY support at 119.70/65 is the key to direction today. We are oversold short term but a break lower not out of the question & targets a retest of support at last week's low & March lows at 119.38/35. This is the most important level of the day. A break below here is obviously significant therefore & risks a slide to 119.10/05 then 118.95/90. Holding support at 119.70/65 triggers another recovery to first target of 120.15/20. If this does not hold a move higher for a test of strong resistance at 120.55/60. Try shorts with stops above 120.80. Be ready to go with a break higher however using 120.60/55 as support for a move towards resistance at 121.10/15. Try shorts with stops above 121.30.
  • AUDUSD
    24/03/15
    AUDUSD first resistance at 7900/7910. Failure to beat this level trigger profit taking to 7860 then first support at 7840/30. This could hold the downside and should be worth trying longs with a stop below 7815. However, a break lower meets support at 7790 but if this does not hold the downside look for the next buying opportunity at 7760/55. In the unlikely event that we fall this far, there is a good chance of a low for the day and is worth trying longs a stop below 7735. Shorts at first resistance at 7900/7910 need stops above 7925. Be ready to go with a break higher to target trendline resistance at 7960. A good chance this will hold gains, as we become overbought in the short-term, but if we do continue higher look for strong resistance at 7995/8005. Use this as a selling opportunity with a stop above 8030.
  • GBPUSD
    24/03/15
    GBPUSD same levels apply for today with first resistance at 1.4975/85 but the outlook is less negative this morning so be careful with shorts. Use a stop above 1.5000. A break higher however is more positive for this week. Be ready to go with a break above 1.5000 using 1.4975/85 as support for a move towards 1.5045/50 & perhaps as far as resistance at 1.5090/95. We should struggle & a high for the day likely today. However just be aware that any further gains meet resistance at 2 week highs at 1.5136/47 Failure to beat resistance at 1.4975/85 should trigger a move lower towards 1.4921/16 once again but if this does not hold the downside we risk at 1.4860/50. Again try longs with stops below 1.4830. Just be aware that a break targets 1.4795 before Friday's low at 1.4725/20.
  • EURUSD
    24/03/15
    EURUSD key to direction is strong resistance at 1.0945/55 today of course. Again shorts need stops above 1.0980. A break higher however is not out of the question after yesterday's strong performance & could target last week's high at 1.1031. We should struggle being overbought short term but be ready to go with a break higher to target resistance at 1.1075/80. Unlikely any further today but any shorts need stops above 1.1110. First support at 1.0895/90 but below here risks a slide to 1.0850/45. If we continue lower look for a buying opportunity at 1.0815/10, with stops below 1.0790. Just be aware that further losses target support at 1.0755/45.
  • Gold
    24/03/15
    Gold could continue higher to the next target of 1193/1195 today. We should struggle here but look for 4 month trend line strong resistance just above at 1199/1200. A high for the day is expected if we reach this far. Just be aware however that any further gains this week run into very strong resistance at 1204/1205 for a selling opportunity, with stops above 1209. Below 1286 is less positive but good support at 1183/1181 could hold the downside again. Try longs again with a stop below 1177. A break below 1175 then adds pressure risking a test of strong support at 1168/1167 for a buying opportunity with a stop below 1164.