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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
23/08/2016
  • Ftse
    23/08/16
    FTSE first resistance at 6855/60 & it is likely we will fail to beat this are to re-target 6839/35 then good support at 6805/00. A low for the day possible again but it is not as strong support as it was yesterday, so longs are more risky. If you try use stops below 6785. First resistance at 6855/60. Try shorts with stops above 6885. A break higher however targets 6905/10 then 6930 before the 6945/47 high. Gains are likely to be limited but a break higher targets 6957/62 then 6976/79.
  • Eurostoxx
    23/08/16
    EuroStoxx has 2 day lows at 2948 plus strong 100dma support at 2945/40 so this is most important for today. Further losses target less important support at 2925/20. A break below here is another sell signal & targets 2895 then August lows at 2888. Holding important support in the 2940's allows a recovery to to first resistance at 2975/78. Again this should be a challenge but look for a selling opportunity at 2993/98. Shorts need stops above 3005. A break higher however targets strong resistance at 3020/23. Try shorts with stops above 3032.
  • Dax
    23/08/16
    Dax broke support at 10530/520 as predicted & hit all targets before a low just 16 ticks above good support at 10370/360. We bounced to 10520/530 & topped just 8 ticks above so obviously this is now strong resistance & holding below here today re-targets 10455/445 then 10400 & perhaps as far as good support at 10380/360 for profit taking on shorts. A low for the day is certainly possible but further losses cannot be ruled out & could target important longer term trend line support at 10290/280 for a better buying opportunity. First resistance at 10520/530 but shorts need stops above 10570. A break higher targets quite strong resistance at 10610/620. Shorts need stops above 10660.
  • WTI Crude
    23/08/16
    WTI Crude October oversold short term as we hit our buying opportunity at 4720/10. Longs need stops below 4675. A break lower is a sell signal however & targets 4650 then 4625/15 but unlikely any further to the downside at this stage. Holding support at 4720/10 as hoped allows a recovery to 4755/65, perhaps as far as resistance at 4790/99. Gains are likely to be limited so exit longs & try shorts with stops above 4820. An unexpected break higher targets resistance at 4855/65.
  • Gold
    23/08/16
    Gold has bounced back towards resistance at 1341/42 for a selling opportunity. Try shorts with stops above 1346. An unexpected break higher however targets 1354/55. Failure to beat 1341/42 as expected targets 1332 then 1329/28, perhaps as far as 1324/23 this week. Further losses are likely eventually targeting 1316/15 then 1312.
  • EURGBP
    23/08/16
    EURGBP holding below 8635/30 is more negative for today & re-targets 8604/00 which held perfectly yesterday but below here look for support at 8580/70. This could hold initially but further losses more likely today & target 8535/30 then support at 8490/85 for a buying opportunity. First resistance at 8630/35 the main challenge for bulls today & could see a high for the day. Shorts need stops above 8650 with a break higher targeting minor resistance at 8665/70 before Friday's high at 8690. Gains are likely to be limited. Only a break (& close for confirmation) above 8730 would kill the sell signal & targets 8770.
  • GBPUSD
    23/08/16
    GBPUSD outlook is more positive as we hold above 1.3105/10 & we are looking to re-target resistance at last week's high of 1.3170/80. Just be aware that a break higher this week would then target 1.3225/35 before strong resistance at 1.3310/20 for an excellent selling opportunity though. First support at 1.3110/05 could hold the downside but below here targets 1.3060/55. If we fall as far as strong support at 1.3030/20, try longs again with stops below 1.2985. A break below 1.2290 keeps bears in control to target 1.2935/30 before August lows at 1.2875/65.
  • EURUSD
    23/08/16
    EURUSD topped 10 pips above first resistance at 1.1315/20 but above here important 9 month trend line resistance at 1.1350/60 is a selling opportunity with stops above 1.1400. An unexpected break higher today initially targets 1.1415 & June highs at 1.1430/32. A break above here would be an added buy signal. Outlook is negative & yesterday's recovery does not change that outlook. Below 1.1300 is more negative for today & re-targets good support at 1.1270/65. A bounce is still possible but this is not as strong as it was yesterday so further losses are more likely & could target strong support at 1.1235/25. A low for the day expected so we can try longs with stops below 1.1195.
  • USDJPY
    23/08/16
    USDJPY has drifted back to support at 100.30/25 & bottomed exactly here as hoped. Holding here again today re-targets resistance at 100.71/74 but this is stronger today. We should struggle here initially but eventually a break higher to trend line resistance at 101.10/15 cannot be ruled out. This should be the main challenge for bulls & the best area for trying shorts, with stops above 101.45. A break higher is more of a bullish confirmation of a potential double bottom & targets 101.90/95 then strong resistance at 102.50/55. First support at 100.30/25 could now hold the downside & is doing a good job so far but further losses targets 9999/95 & could even retest the August low at 99.55/53. A break lower in the bear trend cannot be ruled out & could target important June lows at 99.12/08. Buying here on the hope of a double bottom is too risky. A break below 9890 targets 9850/46 then 9810/05.
  • AUDUSD
    23/08/16
    AUDUSD resistance at 7630/35. Try shorts with stops above 7660. An unexpected break higher targets only minor resistance at 7685/90 then trend line resistance at 7720. A good chance we fail to beat yesterday's high at 7645 & head lower to 7620 then first support at 7590/85. A break below here is a sell signal targeting 7550/45 but strong support at 7525/21 should hold the downside so we are profit taking on all remaining shorts on the approach to this area.
Reports for
22/08/2016
  • EURUSD
    22/08/16
    EURUSD topped last week as predicted & testing minor support at 1.1290/85 then better support at 1.1270/65. A bounce from here on the first test at least is possible but the outlook is still quite negative so further losses could target strong support at 1.1235/25. A low for the day expected but longs need stops below 1.1195. First resistance at 1.1315/20 but above here important 9 month trend line resistance at 1.1350/60 is a selling opportunity with stops above 1.1400. An unexpected break higher today initially targets 1.1415 & June highs at 1.1430/32. A break above here would be an added buy signal.
  • Emini Dow Jones
    22/08/16
    Emini Dow Jones first resistance at 18570/580 once again. This has held perfectly for the last 3 sessions, but a break higher could retest the all time high at 18623. A break higher in the bull trend always possible despite overbought conditions & targets 18630/640 then 18675/685, perhaps as far as 18715/720. First support at 18520/510 should be strong again today but longs need stops below 18490. A break lower re-targets minor support at 18450/445 then 2 week lows at 18420/417. A break below 18400 targets 18350/340.
  • E Mini Nasdaq
    22/08/16
    Emini Nasdaq first resistance at 4809/10 but a break above 4818 targets 4829/20 before the high for the year at 4835. Further gains always possible & targets 4850 then the all time high from March 2000 at 4884. Failure to beat first resistance at 4809/10 targets first support at 4799/96 then 4775/70. Further losses today target support at 4760/55, which should hold the downside at this stage.
  • Ftse
    22/08/16
    FTSE holding below first resistance at 6890/95 targets 6875 then minor support at 6855/50. Further losses target 6839/35 which held the downside last week, but below here this week targets good support at 6805/00. This is the best chance of a low for the day but longs need stops below 6785. First resistance at 6890/95 should be a challenge but above 6905 is more positive & targets 6915 then 6930 before the 6945/47 high. Gains are likely to be limited but a break higher targets 6957/62 then 6976/79.
  • Eurostoxx
    22/08/16
    EuroStoxx first resistance at 2975/78 should be a challenge but look for a selling opportunity at 2993/98. Shorts need stops above 3005. A break higher however targets strong resistance at 3020/23. Try shorts with stops above 3032. Failure to beat first resistance at 2975/78 keeps the pressure to re-target 2955, 2948 then strong support at 2940/35 with a good chance of a bounce from here. A break below 2920 however is another sell signal.
  • Dax
    22/08/16
    Dax first resistance at 10630/640 is the main challenge for bulls once again today. Bulls are losing their grip but shorts need stops above 10680. A break higher however is more positive & keeps bulls in control of the 6 week recovery targeting minor resistance at 10730/740. Further gains target 10760/770 then 10800/805 before resistance at 10830/840. First support at 10530/520 is becoming weaker as the outlook is more negative so be ready to sell a break below 10490 to target 10455/445 then 10400 & perhaps as far as good support at 10370/360 for profit taking on shorts.
  • WTI Crude
    22/08/16
    WTI Crude getting very overbought but until we see a sell signal it's too risky to get short. If we can hold minor support at 4800/4795 we can re-target 4865/75. A break higher not out of the question this week & targets 4930/35. Exit longs on the approach to this area & try shorts from here up to 4970/80. A good chance the short squeeze ends here but we need a wide stop above 5040. First support at 4800/4795 but below here targets 4765/60, perhaps as far as strong support at 4700/4695. This should be an excellent buying opportunity for today but longs need stops below 4670. October first resistance at 4850/60 but above here keeps bulls in control targeting 4908/18 then August high at 4931/36. A break higher targets strong resistance at 4970/80. Strong support at 4780/70 could hold the downside in the short term bull trend but below here look for a buying opportunity at 4720/10. Longs need stops below 4675.
  • Gold
    22/08/16
    Gold now below 1342/41 for a sell signal to target 1329/28, perhaps as far as 1324/23 today. Further losses are likely this week targeting 1316/15 then 1312. First resistance at 1337 then a selling opportunity at 1341/42. Try shorts with stops above 1346. An unexpected break higher however targets 1354/55.
  • EURGBP
    22/08/16
    EURGBP heading lower again towards strong support at 8630/35. If this holds the downside we re-target minor resistance at 8660/70 before Friday's high at 8690. Gains are likely to be limited. Only a break (& close for confirmation) above 8730 would kill the sell signal & targets 8770. Failure to hold strong support at 8635/30 risks a slide to 8604/00 then strong support at 8580/70. This should hold the downside, but longs need stops below 8555. Just be aware that further losses target 8535/30 then support at 8490/85 for a buying opportunity.
  • GBPUSD
    22/08/16
    GBPUSD best support for today is likely to be at 1.3030/20. If bulls can hold the pair above here we could try another recovery this week targeting 1.3080 then resistance at 1.3105/10 & the main challenge for bulls today. Shorts need stops above 1.3140 with further gains to re-target resistance at 1.3170/80. Just be aware that a break higher this week would then target 1.3225/35 before strong resistance at 1.3310/20 for an excellent selling opportunity though. First support at 1.3030/20 is the best of the day but longs need stops below 1.2980. A break below 1.3000 keeps bears in control to target 1.2935/30 before August lows at 1.2875/65.
  • USDJPY
    22/08/16
    USDJPY starting to move higher & holding above 100.25/29 re-targets resistance at 100.71/74. Not worth trying shorts here again today as we could continue higher to trend line resistance at 101.10/15. This should be the main challenge for bulls & the only area worth trying shorts today, but with stops above 101.45. A break higher is more of a bullish confirmation of a potential double bottom & targets 101.90/95 then strong resistance at 102.50/55. First support at 100.30/25 could now hold the downside. However further losses targets 9999/95 & could even retest the August low at 99.55/53. A break lower in the bear trend cannot be ruled out & could target important June lows at 99.12/08. Buying here on the hope of a double bottom is too risky. A break below 9890 targets 9850/46 then 9810/05.
  • AUDUSD
    22/08/16
    AUDUSD breaks good support at 7630/25 at last for an added sell signal as expected & targets 7590/85 then 7550/45 but strong support at 7525/21 should hold the downside initially this week. As I write we are just holding very minor support at 7590/85. If we see a small bounce from here look for first resistance at 7630/35. Try shorts with stops above 7660. An unexpected break higher targets resistance at 7690.
Reports for
18/08/2016
  • WTI Crude
    18/08/16
    WTI Crude bullish breakout above 2 month trend line resistance at 4620/30 today is a buy signal & targets 4690/4700 then 4780/90 & perhaps as far as 4820/25 before the weekend. First support at 4630/20 is key to direction & if we hold here bulls remain in control. Try longs with stops below 4585. A break lower however risks a slide to minor support at 4540/30.
Reports for
17/08/2016
  • Emini Dow Jones
    17/08/16
    Emini Dow Jones first support at 18520/510 is key to direction. Try longs with stops below 18480. A break lower is more negative for today however & targets minor support at 18450/445, 18400/390 & perhaps as far as 18350/340. Holding first support at 18520/510 targets first resistance at 18570/580 before the new all time high at 18623. A break higher in the bull trend always possible despite overbought conditions & targets 18630/640 then 18675/685, perhaps as far as 18715/720.
  • E Mini Nasdaq
    17/08/16
    Emini Nasdaq holding first support at 4801/99 allows a recovery to minor resistance at 4809/10 then minor resistance again at 4818/20. Above here re-targets 4829/20 before the new high for the year at 4835. Further gains always possible & targets 4850 then the all time high from March 2000 at 4884. A buying opportunity again at 4801/99 but longs need stops below 4790. A break below 4790 however is more negative & targets 4775/70, perhaps as far as support at 4760/55, which should hold the downside at this stage.
  • Bund
    17/08/16
    Bund first resistance at 166.91/97 is minor then stronger resistance at 167.15/18 much more of a challenge. Further gains target 167.35/45 to exit longs & try shorts with stops above 167.65. A break below 166.66 targets good support at 166.49/45. This is the best chance of a low for the day in short term oversold conditions but longs need stops below 166.35. A break below 166.30 is a sell signal & targets 166.17/15 then 166.05/00.
  • Ftse
    17/08/16
    FTSE first support at 6880/75 is quite strong but longs need stops below 6855. A break lower is a short term sell signal & targets 6835 then a buying opportunity at 6805/00. Try longs with stops below 6785. Holding first support at 6880/75 targets 6910/15 then 6930 before the 6945/47 high. Gains are likely to be limited in such severely overbought conditions but a break higher targets 6957/62 then 6976/79.
  • Eurostoxx
    17/08/16
    EuroStoxx broke strong support at 3023/20 & closed below so this is more negative for today & targets 2995 then 2983/78. A break below 2970 is an added sell signal & targets 2955. First resistance at 3022/26 could hold a rally now. Further gains however target minor resistance at 3037/40 but look for strong longer term resistance at 3065/70 where we watch for a high for the day. Just be aware that further gains meet strong resistance again at 3086/90 so bulls really have their work cut out for them. Only above 3100 would therefore be a buy signal.
  • Dax
    17/08/16
    Dax held strong support at 10640/630 on the second test yesterday offering 2 excellent opportunities for a good profit. However be ready to sell a break below 10600 today to target good support at 10530/520. We look for a bounce from here on the first test at least & a potential bounce to 10610/630. However further losses would target a buying opportunity at 10455/445. Holding strong support at 10640/630 re-targets 10690 then resistance at 10730/740. Above here keeps bulls in control & targets 10760/770 then 10800/805. Further gains meet minor resistance at 10830/840. Profit taking from here up to late December highs of 10886 is a good idea as we become overbought, but I would NOT suggest trying shorts until we see a sell signal.
  • WTI Crude
    17/08/16
    WTI Crude has topped 23 ticks above 2 month trend line resistance at 4640/50 in overbought conditions. Only a beak (& close for confirmation) above 4700 opens the door to further strong gains in to the end of the week, targeting 4780/90, perhaps as far as 4820/25. First support at 4590/80 is key to direction & if we hold here bulls remain in control. A break lower targets quite good support at 4545/40 & a bounce from here cannot be ruled out but further losses test strong support at 4500/4490 & the best chance of a low for the day.
  • Gold
    17/08/16
    Gold lower triangle trend line support at 1341/40 is the most important of the day. Longs need stops below 1334. A breakout of the lower triangle trend line is obviously a sell signal to target 1329/28, perhaps as far as 1324/23 today. Holding lower triangle trend line support at 1341/40 targets 1346/47 then minor resistance at 1353/55. Further gains meet a selling opportunity at trend line resistance at 1363/64, with stops above 1369.
  • EURGBP
    17/08/16
    EURGBP has strong support at 8635/30 today & could bounce from here to 8660/70. HOWEVER yesterday's negative price action in overbought conditions means it is now too risky to run longs any further. It's been a good run, but risks increase of further profit taking. Only a break (& close for confirmation) above 8730 would kill the sell signal & targets 8770. A break below 8620 is a sell signal for today at least & should trigger stops on any longs, targeting 8604/00 then strong support at 8580/70. This is the best chance of a low for the day but longs need stops below 8555. Just be aware that further losses target 8535/30 then support at 8490/85 for a buying opportunity.
  • GBPUSD
    17/08/16
    GBPUSD longs at 1.2860/50 worked perfectly with target & quite strong resistance at 1.3030/40 hit. A high for the day was expected & we topped just 11 pips above. However we are trying a break higher as I write over night & could now target resistance at 1.3100/1.3120. This is the main challenge for bulls as we become overbought short term. With a reported record number of speculative short positions however the squeeze could continue higher, targeting 1.3170/80 perhaps as far as 1.3225/35. Failure to hold above 1.3030/40 however targets minor support at 1.3000/1.2990 then better support at 1.2955/45. This could hold the downside but longs need stops below 1.2915.
  • EURUSD
    17/08/16
    EURUSD has made it further than expected but I'm still looking for a selling opportunity as I don't think this will continue. We have the longer term 100 week moving average resistance at 1.1315 & 9 month trend line resistance at 1.1350/55. Within this range there is a good chance the pair will top. Judging by yesterday's short term candles & the sharp pullback from 1.1322 this may already mark a high for the 3 week recovery. First support at 1.1260/50 is holding as I write, but below here confirms further losses & targets quite good support at 1.1220/15. A bounce from here is very possible on the first test at least, perhaps back up to 1.1255, but below here look for better support at 1.1185/75 where we look for a low for the day. Try longs with stops below 1.1140.
  • S&P
    17/08/16
    Emini S&P first resistance at 2180/79 & holding here targets good support at 2173/71, which could hold the downside. However on a break lower look for the next target & excellent buying opportunity at 2162/61 where a low for the day is expected. Try longs with stops below 2155. Back above 2180 in the bull trend re-targets 2185 before the all time high of 2190.75. A break higher means another slow crawl towards 2193/95, with 2200 a psychological barrier. Above here however look for 2204/05.
  • USDJPY
    17/08/16
    USDJPY has a potential bullish double bottom although it would be high risk to be buying on this pattern in such a negative trend without further confirmation. First resistance at 100.71/74 but above here targets trend line resistance at 101.08/12. Further gains meet a selling opportunity at 101.40/45 & a good chance of a high for the day. Shorts need stops above 101.75. Failure to beat first resistance at 100.71/74 targets first support at 100.29/26. This is not particularly strong however & further losses target 99.90/85 before yesterday's low at 99.55/53. A break lower tests important June lows at 99.12/08.
  • AUDUSD
    17/08/16
    AUDUSD outlook NEGATIVE now as we test first support at 7680/85. A break below 7670 is an added sell signal & targets good support at 7630/25. Further moves to the downside are likely so longs look risky here. If you decide to try for a bounce, you need stops below 7600. A break below 7600 is another sell signal & targets 7590/85 then 7550/45. Holding first support at 7680/85 re-targets 7720/24 & from here up to strong 3 year trend line resistance at 7760/65 is a selling opportunity. As we have stated for a week now, this area could already mark a high for the 3 month bull run. On a revisit, try shorts with stops above 7790.
Reports for
16/08/2016
  • Emini Dow Jones
    16/08/16
    Emini Dow Jones first support at 18580/570 but below here targets 18545 then a buying opportunity at 18520/510. Try longs with stops below 18490. Try longs again at 18450/445, with stops below 18415. A break above the new all time high at 18623 targets 18630/640 then 18675/685, perhaps as far as 18715/720.
  • E Mini Nasdaq
    16/08/16
    Emini Nasdaq first support at 4820/17 is minor then slightly better support at 4810/08. The downside should be limited in the bull trend but further losses offer a buying opportunity at 4801/99. Longs need stops below 4790. Holding first support at 4820/17 re-targets 4829/20 then the new high for the year at 4835. Further gains always possible & targets 4850 then the all time high from March 2000 at 4884.
  • WTI Crude
    16/08/16
    WTI Crude has hit resistance at 4580/85. Exit longs & try shorts, with stops above 4615. A good chance we turn lower from here to resume the bear trend, targeting 4535/30 then minor support at 4499/94. Further losses meet strong support at 4440/30 & a bounce from here is expected. A break above 4615 meets 2 month trend line resistance at 4640/50 & another big challenge for bulls in overbought conditions. Only above 4700 opens the door to further strong gains in to the end of the week.
  • Ftse
    16/08/16
    FTSE first support at 6914/11 then better support at 6895/91. Further losses offer a buying opportunity at 6860/56, with stops below 6840. Further gains not out of the question until we get a sell signal. We look for 6957/62 then 6976/79.
  • Eurostoxx
    16/08/16
    EuroStoxx first support at 3033/30 but rejecting strong resistance at 3065/70 is more negative going forward now. Quite strong support at 3023/20 is key to direction. Longs need stops below 3010. A break lower is a sell signal & targets 2995 then 2983/78. We must hold above 3035 for bulls to remain in control &re-target strong longer term resistance at 3065/70 where we watch for a high for the day. Just be aware that further gains meet strong resistance again at 3086/90 so bulls really have their work cut out for them. Only above 3100 would therefore be a buy signal.
  • Dax
    16/08/16
    Dax difficult to hold longs, requiring huge patience. Holding below 10735/740 is less positive for today & targets 10695, perhaps as far as strong support at 10640/630. Try longs with stops below 10590. Holding above 10340 keeps bulls in control & targets 10760/770 then 10800/805. Further gains meet minor resistance at 10830/840. Profit taking from here up to late December highs of 10886 is a good idea as we become overbought, but I would NOT suggest trying shorts until we see a sell signal.
  • Gold
    16/08/16
    Gold trend line support at 1339/38 is the most important of the day so a break below 1334 is more of a sell signal to target 1329/28, perhaps as far as 1324/23. First resistance at 1343/44 should be a tough challenge but above here is more positive for today targeting minor resistance at 1347 then minor resistance at 1353/55. Further gains meet a selling opportunity at trend line resistance at 1363/64, with stops above 1369.
  • GBPUSD
    16/08/16
    GBPUSD holding important 5 week lows at 1.2860/50. We are severely oversold so this should be good support for some profit taking on shorts. If you fancy a risky punt, you could try a long with stops below the important July low at 1.2799/96, but bear in mind there is no buy signal. A break (& close for confirmation) below here would be an added sell signal. First resistance at 1.2935 likely to be the main challenge for bulls again today & in fact we topped only 9 pips above here yesterday. However above 1.2960 targets quite strong resistance at 1.3030/40. A high for the day likely if we recover this far but shorts need stops above 1.3080.
  • EURUSD
    16/08/16
    EURUSD holding above 1.1180 targets strong resistance at 1.1230/40 to exit longs & try shorts from here up to 1.1260/70. This should be an excellent selling opportunity but shorts need stops above 1.1300. Just be aware that a close above 1.1270 would be seen as a short term buy signal & the pair could move quite quickly towards 1.1345/55 for profit taking & a selling opportunity. Below 1.1170 tests first support at 1.1130/20 & we look for a low for the day. Try longs with stops below 1.1085. A break below 1.1085 adds pressure & targets 2 week lows at 1.1050/40. Further losses target 1.1005/00.
  • S&P
    16/08/16
    Emini S&P below 2185 tests good support at 2180/79. We look for a bounce from here in at least, but further losses offer a buying opportunity at 2173/71, with stops below 2167. Just be aware that the next downside target & support is at 2162/61. Holding 2185 retests 2190.75. A break higher means another slow crawl towards 2193/95, with 2200 a psychological barrier. Above here however look for 2204/05.
  • USDJPY
    16/08/16
    USDJPY likely to continue sideways & holding good support at 101.00 again today re-targets 101.25 then resistance at 101.55/60. A break above 101.70 allows a recovery towards strong resistance at 102.25/30. Exit longs & try shorts from here up to last week's high at 102.55/65. Good support at 101.05/00 is key to direction & again longs need stops below 2 week lows at 100.75/65. A break lower in the bear trend is a sell signal of course, targeting 100.44/40 & perhaps as far as 100.18/15 before July lows at 100.05/02. A break below here targets 99.70/65.
  • AUDUSD
    16/08/16
    AUDUSD outlook not very positive & holding below first resistance at 7680/85 targets strong support at 7630/25. Again this is key to direction but risks appear to more to the downside. Longs need stops below 7600. A break below 7600 is a sell signal & targets 7590/85 then 7550/45. First resistance at 7680/85 should remain a tough challenge, but above here could retest Friday's high at 7720/24. Remember strong 3 year trend line resistance at 7760/65 is a major challenge & could already mark a high for the 3 month bull run. On a revisit, try shorts with stops above 7790.