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Daily free technical analysis reports with trade signals.

Reports for
26/07/2016
  • E Mini Nasdaq
    26/07/16
    Emini Nasdaq starting to look like we have run out of momentum & we are in need of a correction to ease overbought conditions. First support at 4644/40 could hold for longer, but below here eventually targets better support at 4625/21. A good chance of a bounce from here as we are not expecting prices to collapse - more of a sideways move to ease overbought conditions. However further losses would target 4610/09 & perhaps as far as good support at 4597/94. First resistance at the high of 4669/4670 as we struggle higher. A break is not out of the question but is likely to be a slow crawl towards 4675. We are waiting for more of a sell signal to indicate a much needed correction but until we see this, further gains this week could target 4695/99, 4705/10 & the all time high 4635/4639.50.
  • Ftse
    26/07/16
    FTSE needs a correction to the downside. First support at 6648/45 then better support at 6614/10 could hold the downside today. However further losses targets 6584/80 then quite good support at 6555/50. Holding first support at 6648/45 targets resistance at the 6693/03 high in overbought conditions. Yesterday we saw a minor sell signal in overbought conditions so gains are expected to be limited. A break higher cannot be ruled out however in the bull trend with bears unable to take control just yet & targets 6720 then 1 year highs from August 2015 at 6754/62.
  • Eurostoxx
    26/07/16
    EuroStoxx failure to beat important trend line resistance could start to put bears back in control now. We are overbought & risks are increasing to the downside. Minor support at 2964/60 but below here targets better support at 2945/41. This should be the best chance of a low for the day but therefore a break lower is a sell signal & targets 2915/11. Trend line resistance at 2985/89 is the main challenge for bulls today. Try shorts with stops above 2997. A break higher is a short term buy signal & really there is little to stop us targeting a truly excellent selling opportunity at 3055/65.
  • WTI Crude
    26/07/16
    WTI Crude outlook negative despite oversold conditions but I'm watching closely for a buy signal. Until then we stick with the 2 month bear trend. First support at 4285/75 but below here is more negative again & targets 4245/40 & 4200/4195. Further losses target 4150, then minor support at 4125/20 & again at 4105/00 so shorts may wish to take profit for the in the low 4100 area if we fall this far during the week. Until we see a buy signal we sell in to any recovery with first resistance at 4380/90 but if we continue higher look for very strong resistance at 4440/50. Try shorts with stops above 4480. Bulls require a close above 4470 to generate a more positive signal. A break higher today then targets 4500 & quite strong resistance at 4525/30.
  • Gold
    26/07/16
    Gold bulls are starting to fight back as we become oversold & we could be seeing a low for the correction in the longer term bull trend. Holding good support at 1314/13 re-targets 1319/20 & perhaps as far as quite strong resistance at 1325/27. We could look for a quick turn on a short here for profit taking at 1320, perhaps as far as 1316, but shorts need stops above 1330. A break higher is more of a buy signal to help confirm a correction low in place & targets minor resistance at 1334/36. We should struggle so watch for a high for the day but shorts could be risky as I expect the bull trend to resume. If you try use a stop above 1340. A break higher is a buy signal & targets 1345 then resistance at 1350. Good support at 1314/13 could hold the downside & may now mark a low for the 2 week correction. However on a break lower I'm hoping to see a test of very strong support at 1300/98 which should be an excellent buying opportunity & the best chance of a low for the correction. Longs need wide stops below 1288 because this is such an important support so give it room.
  • EURUSD
    26/07/16
    EURUSD 1.1000/05 the first challenge for bulls again today. We have paused here as predicted & we should struggle again today. A break higher is possible however & targets stronger resistance at 1.1030/40 with a good chance of a high for the day. Try shorts with stops above 1.1070. Just be aware that a break (& close for confirmation) above 1.1075 is a short term buy signal & targets minor resistance at 1.1110/20, perhaps as far as 1.1160/70. Failure to beat quite strong resistance at 1.1000/05 keeps us trading sideways to ease oversold conditions & targets 1.0984/80 before the best support for today at 1.0950/40. A good chance this will hold the downside but longs need stops below the June low at 1.0910. A break lower is a sell signal & targets 1.0880/75, 1.0850 & March lows at 1.0825/20.
  • USDJPY
    26/07/16
    USDJPY tests minor support at 105.90/80. Risks are to the downside & further losses target better support at 105.50/40. A small bounce from here is possible, especially on the first test today but longs look risky...be ready to sell a break below 105.30 to target 105.00/104.95 then 104.65/60 & strong support at 104.30/20. Try longs with stops below 103.90. However a break below 104.00 is a sell signal & targets 10360 then support at 103.30/20. Holding support at 104.30/20 as expected would target 104.60 then resistance at 104.95/99. A high for the day bounce could be seen today but if we continue higher look for a selling opportunity at 105.40/50, with stops above 105.80
  • S&P
    26/07/16
    Emini S&P likely to trade sideways/lower in the short term to ease overbought conditions. A collapse is not expected but holding below 2164/62 retests minor support at 2156/55, perhaps as far as strong support at 2149/47 & the best chance of a low for the day. Try longs with stops below 2142. Be ready to sell a break below 2143 however to target good support at 2129/27 for a buying opportunity with stops below 2122. Above 2162/63 allows a recovery to 2172/73 new all time high. Watch for a high for the day on the approach to this area. Even if we do break higher it is likely to be a very slow crawl again towards 2173/75 (almost achieved of course) then 2181/83, perhaps as far as 2193/95.
  • AUDUSD
    26/07/16
    AUDUSD 7470/80 remains important resistance. Try shorts with stops above 7505. Holding above 7500 however is more positive & initially targets resistance at 7530/35. Although this is less important, we should struggle here & a high for the day not out of the question. A break higher is a buy signal & targets 7555/60 then minor resistance at 7585/90. A sustained break below 7440 is a sell signal targeting minor support at 7405/7395 then 7375/70 & perhaps as far as strong support at 7330/20 which should be a good buying opportunity.
Reports for
20/07/2016
  • Gold
    20/07/16
    Gold first resistance at 1332/33 is strong again today & could see a high for the day as we did yesterday. Shorts need stops above 1336. A break higher targets more minor resistance at 1338/40 then stronger resistance at 1347/48. Try shorts with stops above 1351. Failure to beat first resistance at 1332/33 targets 1327/26 then 1323/22 but this is not strong support so further losses today target last week's low at 1320/19. A break lower this week not out of the question despite the longer term bull trend & targets good support at 1314/13. However further losses target very strong support at 1300/98 which should be an excellent buying opportunity with a good chance of a low for the correction.
Reports for
19/07/2016
  • AUDUSD
    19/07/16
    AUDUSD holding below 7600 is more negative for this week. Below 7570 adds pressure targeting 7550/45 then minor support at 7535/30 & better support at 7500/95. A good area for profit taking on shorts but longs are too risky. Further losses target strong support at 7470/60 for a buying opportunity with stops below 7430. Try shorts at 9595/7600 with stops above 7625. Holding above 7600 is more positive & re-targets 7650/60 before strong longer term resistance at 7670 but May highs & Fibonacci resistance at 7709/19 are an excellent selling opportunity.
  • Dax
    19/07/16
    Dax strong resistance at 10080/10100 is the most important of the day of course! Try shorts with stops above 10160!! A SUSTAINED break higher is a buy signal however & beating this strong resistance level targets 10250/270 then major long term resistance at 10330/350 for a selling opportunity. A good chance of a high for the recent recovery here. Try shorts with stops above 10400. Failure to beat strong resistance at 10080/10100 again targets first support at 10030/020 but below 10000 risks a slide to 9955/50, perhaps as far as a buying opportunity at 9910/00. Watch for a low for the day but longs need stops below 9860. A break lower is a sell signal & targets 9840 then 9795/90.
Reports for
18/07/2016
  • WTI Crude
    18/07/16
    WTI Crude first resistance at 4695/4705 is the main challenge for bulls today. A break higher targets resistance at 4760/65 but further gains target a selling opportunity at 4805/15. A high for the day expected but shorts need stops above 4855. Failure to beat quite strong resistance at 4695/4705 targets first support at 4640/30. Further losses target only very minor support at 4600/4590 but below here look for 4565 then a retest of very strong support at 4525/15. Try longs with stops below 4475. Just be aware that a break below the May low at 4453 is a sell signal.
  • Emini Dow Jones
    18/07/16
    Emini Dow Jones closing in on the new all time high at 18475 so a break above 18485/495 then targets 18530/540 & 18580/590 this week. First support at 18400/390 but further losses target 18345/340. If we continue lower today look for good support at 18280/270. Watch for a bounce from here. Longs need stops below 18220. Further losses target 18150/140. Exit any shorts & try longs down to strong support at 18120/110.
  • E Mini Nasdaq
    18/07/16
    Emini Nasdaq has minor support at 4570/65 again today, but look for better support at 4552/49. Try longs with stops below 4540. Further losses target 4520/17 then a buying opportunity at 4505/01. Holding above that 4584 level keeps bulls in full control to retest last week's 4608 high. Further gains target 4620/30 & 4645/55 this week.
  • Corn CME
    18/07/16
    Corn bottomed at 343/342 & unexpectedly shot higher to 360. Holding below 355/354 is negative for today & targets minor support at 350/349, 345 before last week's low at 343/342 then good support at 339/338 lows. A break below here however in the bear trend is a sell signal & targets 334/333. Minor resistance at 354/355 but above here targets 360. Resistance at 363/364 should be a big challenge but above here could re-target resistance in the 371 to 373 area. If we reach strong resistance at 377/378, try shorts with stops above 380.
  • Gold
    18/07/16
    Gold first resistance at 1338/40 but above here targets minor resistance at 1347/48. Further gains target resistance at 1353/54. Failure to beat first resistance at 1338/40 targets 1333/32 then support at 1327/26. Further losses however target 1323/22 then last week's low at 1320/19. A break lower this week targets good support at 1314/13. However further losses target very strong support at 1300/98 which should be an excellent buying opportunity with a good chance of a low for the correction.
  • GBPUSD
    18/07/16
    GBPUSD holding below quite strong resistance at 1.3230/40 keeps the outlook negative & targets 1.3160/50. Below 1.3130 targets the best support for today at 1.3090/80. However longs looks risky...if you try use stops below 1.3040. Further losses target 1.2990/80 then 1.2935/25. We have quite strong resistance at 1.3230/40 & again at 1.3320/30. Either of these could see a high for the day. A break higher however is less negative & targets minor resistance at 1.3380/90. Above 1.3400 allows bulls to re-target 1.3460/70 recovery highs. A break above 1.3490 targets minor resistance at 1.3530/35.
  • EURUSD
    18/07/16
    EURUSD first support at 1.1035/25 but last week's price action was quite negative & further losses target July lows at 1.1010/00 then 1.0970/65. No reason to be looking for a bottom in weak support so if we continue lower look for 1.0935/30 before a retest of the June low at 1.0910. Holding first support at 1.1035/25 allows a recovery to to 1.1070, perhaps as far as strong resistance at 1.1090/1100. Try shorts with stops above 1.1125. Further gains target 1.1150/60, perhaps as far as 1.1175/80 for profit taking on longs. If we continue higher look for MAJOR resistance in the 1.1230/1.1240 band. Exit longs & try shorts with stops above 1.1270.
  • AUDUSD
    18/07/16
    AUDUSD we wrote: WATCH FOR A WEEKLY CLOSE BELOW 7570 FOR A SELL SIGNAL AT THE START OF NEXT WEEK. Although we did not close below 7570 we did close below 7600 which is more negative for this week. Below 7580 adds pressure targeting 7550/45 then minor support at 7535/30 & better support at 7500/95. A good area for profit taking on shorts but longs are too risky. Further losses target strong support at 7470/60 for a buying opportunity with stops below 7430. Try shorts at 9595/7600 with stops above 7625. Holding above 7600 is more positive & re-targets 7650/60 before strong longer term resistance at 7670 but May highs & Fibonacci resistance at 7709/19 are an excellent selling opportunity.
Reports for
15/07/2016
  • AUDUSD
    15/07/16
    AUDUSD stablising above support at 7600/7595 which is positive & allows a retest of June highs at 7648. Above this week's high of 7657 we start to run in to tough longer term resistance, starting with a 3 year trend line at 7670 but May highs & Fibonacci resistance at 7709/19 are an excellent selling opportunity. Good short term support at 7600/7595 is key to direction today. A break lower targets minor support at 7575/70 but below here the outlook turns much more negative. WATCH FOR A WEEKLY CLOSE BELOW 7570 FOR A SELL SIGNAL AT THE START OF NEXT WEEK. We should be trying to enter short positions looking for 7550/45 then some support at 7530/25 but we could eventually target minor support at 7500/7490.
  • USDJPY
    15/07/16
    USDJPY has been bouncing from good support at 105.25/20 back up towards the 105.90/93 high over the past half a day. Longs around support at 105.25/20 need stops below 104.95. Further losses risks a slide to quite good support at 104.60/55 where we could see a bounce on the first test today at least. Below here however targets 104.20/16 then a buying opportunity at 103.80/70. Longs need stops below 103.45. Be ready to buy a break above 106.00/05 to target 106.25/35, perhaps as far as MAJOR longer term resistance at 106.60/65. This is the biggest challenge of the week for bulls & a selling opportunity in overbought conditions. Try shorts with stops above 106.95. A WEEKLY close above 107.00 however is another buy signal.