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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
28/09/2016
  • Emini Dow Jones
    28/09/16
    Emini Dow Jones holding below 18120/130 targets minor support at 18060/050. Below 18030 risks a retest of our buying opportunity at 18000/17980. Try longs with stops below 17940. A break below 17980 is a sell signal however & targets good support at 17890/880. THIS IS THE LAST LINE OF DEFENCE FOR BULLS THIS WEEK. If this does not hold there a deeper correction of up to a further 500 points could be seen in to next week. Outlook is positive as long as we hold above 18000. Holding above 18120/130 targets minor resistance at 18165/175 but above here opens the door 18210/220. On further gains look for 18250/255 then 18270/280.
  • E Mini Nasdaq
    28/09/16
    Emini Nasdaq will need to beat 4867/70 for a chance to retest the new all time high of 4892. A break higher not out of the question in the bull trend despite overbought conditions & targets 4899/4900. Gains are likely to be more limited as we become overbought but without a sell signal we look for 4918/21 then 4931/34. If we continue higher look for 4952/56. NOTE!! IT'S VERY EARLY DAYS BUT THERE IS A POTENTIAL NEGATIVE HEAD & SHOULDERS PATTERN FORMING. Failure to beat 4867/70 increases the chances of this forming & below first support at 4853/50 targets the second best support for today at 4830/26. Further losses however risks a retest of the strongest support for today at 4805/00. THIS IS THE NECKLINE TO THE HEAD & SHOULDERS PATTERN SO A BREAK (& CLOSE FOR CONFIRMATION) BELOW IS A SHORT TERM SELL SIGNAL. Longs need stops below 4790 & a break lower should initially target support at 4770/60.
Reports for
22/09/2016
  • Emini Dow Jones
    22/09/16
    Emini Dow Jones failure to beat first resistance at 18230/240 targets first support at 18160/150. Failure here targets minor support at 18110/100 then 18055/045. A break below the short term trend line at 18020 targets 17970 then 17910/900 before a retest of the 17827/822 low. A break above first resistance at 18230/240 targets resistance at 18290/300. We should struggle here but further gains target 18350 then 18400/410 before a test of the September high at 18460/468.
  • Dax
    22/09/16
    Dax shot back to quite strong resistance again at 10510/520 & topped exactly here on the close as predicted. Be ready to buy a break above 10550 to target minor resistance at 10600/610, perhaps as far as 10650/660. Further gains targets 10710/720. Failure to beat resistance at 10510/520 re-targets 10430/440. A break below 10390 targets 10360/350 then 10315 before a gap to fill at 10300/290. If a bounce from here is not seen we risk a retest of of the September low at 10240/236. This is not strong support however & further losses target 10150/140.
  • WTI Crude
    22/09/16
    WTI Crude recovery allowing oversold conditions to ease as we target 4600/05. However we are overbought short term now in the sideways trend so could start to hit selling pressure. First resistance at 4635/40 could see a high for the day, but further gains meet stronger resistance at 4725/35. Try shorts with stops above 4765. Failure to beat 4600 targets first support at 4570/60 but look for better support at 4510/00. A good chance of a low for the day but longs need stops below 4470. Just be aware that further losses target 4440/30.
  • E Mini Nasdaq
    22/09/16
    Emini Nasdaq bottomed exactly at first support at 4790/85 & hit all targets to the year at 4841.75. We sailed through here reaching 4846/48 but not yet as far as 4857/60. Bears unable to get a grip on this market & further gains through 4860 target the all time high seen 16 years ago at 4884. It's a big one!!!! Failure to hold above 4842/4840 risks a slide to support at 4827/23. If we continue lower look for a buying opportunity at 4800/4795 with stops below 4785.
  • Soybeans CME
    22/09/16
    Soybeans recovering to the first target of 980/981. Bulls haven't given up yet & above re-targets minor resistance at 989/990. The key to direction is strong resistance at 996/997 & also our selling opportunity. Bulls will need to force a close above 999 for a buy signal. Targets are then 1003, 1014/16 & perhaps as far as August highs of 1020. Failure to beat 980/981 retests strong support at 971/970 is the best of the day again. Below 968 is therefore a sell signal & risks a slide to 966/965 then 960/959.
  • Corn CME
    22/09/16
    Corn holding first resistance at 342/343 held perfectly yesterday but strong resistance at 345/346 is without question the most important level of the week. This could mark a high for the September recovery BUT daily close above 348 would be considered a HUGE buy signal!!..targeting 353354, 359/360 & eventually we could reach as far as 366. Probably the most important support of the day is 337/336 & we bottomed a point above here yesterday. A break below 334 would confirm the failure to beat 345/346 is putting bears back in full control & targets minor support at 332/331. Further losses target 329 then minor support at 327/326.
  • Ftse
    22/09/16
    FTSE minor resistance at 6825/30 but further gains target 6848/53 then 6874/76 before the September high for the December contract at 6882/85. First support at 6778/75 is strong enough to hold the downside again today but the last line of defence for bulls is support at 6755/50. However if a bounce from here is not seen we are likely to fill the gap 6710/04. There is strong support from here down to 6690 but longs need stops below 6675.
  • Eurostoxx
    22/09/16
    EuroStoxx must hold above 2950/55 for bulls to stay in the game again today & an open above minor resistance at 2976/80 re-targets stronger resistance at 2995/99. Shorts need stops above 3010. A break higher is a short term buy signal targeting 3025 then 3040/45. Failure to hold first support at 2955/50 means the outlook is negative in the September bear trend, with a gap to fill at at 2930 then only minor support at 2915/11. A break below 2905 targets 2898/95 then 2885/82 & the August low at 2874.
  • EURGBP
    22/09/16
    EURGBP running out of steam in overbought conditions. First support at 8560/55 is quite strong & has held for the last 2 days but below here targets support at 8520/15. Just be aware that further losses target 8480/70. Above 8590/8600 allows a recovery to retest 8625/30. Further gains could reach 8670/75 then 8690 before the August high at 8720/24.
  • Gold
    22/09/16
    Gold bulls back in control & a break above 1338 targets 1342/43 then important trend line resistance at 1349/50. This is the most important resistance of the day as we become overbought short term. Try shorts with stops above 1353. A break higher is a buy signal however & targets 1358 then 1363/64. Failure to beat 1337/38 targets first support at 1330/29. This could hold the downside with bulls in control but below here look for a buying opportunity at 1324/23. Longs need stops below 1319.
  • GBPUSD
    22/09/16
    GBPUSD resistance & the first real challenge for bulls on this recovery is 1.3060/70. Shorts need stops above 1.3090. A break higher targets a lot of trend line resistance at 1.3140/50 for an excellent selling opportunity. Try shorts with stops above 1.3180. Failure to beat first resistance at 1.3060/70 targets 1.3110/00. This may hold the downside initially at least, but below here look for a retest of 1.2950/45. Be ready to sell a break below if not already short to target 1.2899/90 before the August low at 1.2868/63. A break below 1.2850 retests the multi year low at 1.2796.
  • EURUSD
    22/09/16
    EURUSD first resistance at 1.1190/1.1200 & again shorts need stops above 1.1225. A break higher sees 1.1210/00 act as support, so we can try to jump in to longs targeting 1.1245 then resistance at 1.1270/80. On further gains we test 3 month trend line resistance at 1.1320/30. Failure to beat first resistance at 1.1190/1.1200 targets first support at 1.1160/50. Again this is the only support to note today. Too risky to try longs here though I think. Be ready to sell a break below here (if not already short from resistance at 1.1190/1.1200) to target 1.1125/20 1.1070/65 & perhaps as far as August lows at 1.1048/43 for profit taking on all shorts. Good support from here down to the 3 month trend line at 1.1030 could hold the downside in to next week.
  • AUDUSD
    22/09/16
    AUDUSD short term outlook positive & holding above 7615 keeps bulls in control to target 7655/60. Further gains certainly possible & target 7690/95 but we start to run in to important resistance at 7720/30. Exit longs & try shorts with stops above 7760. Good support at 7610/05 could hold the downside but below here targets 7574/70. Try longs with stops below 7745.
Reports for
19/09/2016
  • GBPUSD
    19/09/16
    GBPUSD first resistance at 1.3055/60 but on further gains look for a selling opportunity at 1.3090/1.3100. Shorts need stops above 1.3140. Look for the next target & selling opportunity at 1.3165/70, with stops above 1.3200. Outlook negative & a break below 1.2990 targets 1.2950/45 then 1.2899/90 before the August low at 1.2868/63.
  • AUDUSD
    19/09/16
    AUDUSD outlook remains negative & failure to beat strong resistance at 7505/15 last week targets 7450/40 then a buying opportunity at important longer term support at 7415/05. A low for the day is expected. Exit shorts & try longs with stops below 7380. First resistance at 7515/25 but strong resistance at 7550/55 is a selling opportunity at with stops above 7580. An unexpected break higher targets resistance at 7615/20.
Reports for
12/09/2016
  • Ftse
    12/09/16
    FTSE has bottomed just 6 ticks above support at 6649/45 as I write. If we do finally reach this target, try longs with stops below 6620 but look for a better buying opportunity at 6595/90. In severely oversold conditions in the short term, a bounce from 6655 targets 6678/80 then resistance at 6692/95. We should struggle but further gains test stronger resistance at 6716/20. Shorts need stops above the opening gap at 6732. An unexpected break higher targets very strong resistance at 6756/60.
  • WTI Crude
    12/09/16
    WTI Crude headed lower exactly as predicted & the 4775 high was the top as expected. We broke 4665/60 to bottom just 6 ticks from our buying opportunity for the day at 4550/40. However further losses are expected today so be ready to sell a break below 4540 to target minor support at 4510/00. No reason to be looking for a bottom & further losses target 4460/50 then trend line support at 4425/20 for some profit taking on shorts. This is the best chance of a low for the day but longs still a bit risky here. If you try, use a stop below 4385. First resistance at 4540/50 then a selling opportunity at 4600/4610. Shorts need stops above 4635.
  • Gold
    12/09/16
    Gold hit the target 1328/27 target & bottomed exactly here as predicted. Although this should be the best support for Monday it looks likely that further losses are seen & a break below 1325 targets only minor support at 1321/20. Longs are not a good idea here & further losses are expected to target 1316 then 1313 & 1310/09. If a bounce from 1328/27 is seen it is likely to be short lived with first resistance at 1332/33. However if we continue higher look for a selling opportunity at 1339/40, with stops above 1344.
  • GBPUSD
    12/09/16
    GBPUSD outlook negative after the false breakout & holding below 1.3280 re-targets 1.3242/37 before good support at 1.3220/10. This is the best chance of a low for the day & is the last line of defence for bulls this week. Longs need stops below 1.3180. A break lower is a sell signal targeting 1.3155/50 then 1.3090/85. First resistance at 1.3280/90 could see a high for the day but shorts need stops above 1.3320. Above here would be confusing, but we could target 1.3355/60 then 1.3385 & 1.3405/10.
  • AUDUSD
    12/09/16
    AUDUSD hit all targets as far as 7555/50 before a low at 7533. Outlook remains negative & we look likely to target trend line support at 7510/00. We are oversold but the last line of defence for bulls is at 7485. A break below 7480 keeps the pressure on for 7450 then a buying opportunity at 7410/00 this week. Longs need stops below 7380. Any recovery is a selling opportunity in the negative outlook with first resistance at 7595/7605. Shorts need stops above 7630.
  • Eurostoxx
    12/09/16
    EuroStoxx outlook negative as we gap open just below first support at 3015/10 but the best support for today is likely to be at 2995 & is holding as I write this morning. A low for the day is therefore possible here & if you feel brave use a stop below 2985. A break below 2990 is a sell signal targeting 2970/66 then strong support at 2955/50. A recovery from the low so far at 3000 meets first resistance at 3020/24. Obviously we have a gap to fill here & this could mark a high for the day if hit. However further gains test a selling opportunity at 3036/40. Shorts need stops above 3050.
  • Dax
    12/09/16
    Dax has hit 10375 this morning then bounced to 10425. First resistance at 10430/440 but above here a gap to fill at 10470/475. watch for a high for the day but shorts need stops above 10495. further gains targets strong resistance at 10530/540. A break above 10570 targets a selling opportunity at 10610/620, with stops above 10660. Outlook negative as stated in our first report this morning & a break below 10380/370 targets 10320/310, perhaps as far as 10280. Just be aware that further losses target minor support at 10250/240 then a buying opportunity at 10215/205.
Reports for
09/09/2016
  • AUDUSD
    09/09/16
    AUDUSD holding below support at 7655/50 keeps the outlook negative to target first support at 7620/15 & the only good support for the day. If you try longs (I would not) look to take a quick profit on a bounce with the longer term outlook negative & use stops below 7595. Be ready to sell a break below 7600 if not already short to target 7587/82 then 7555/50. Important daily & longer term trend line resistance at 7690/99 again today. This is a very major level to try shorts again with wide stops above 7750. An unexpected break above the August high at 7756 (& close for confirmation) is more positive going forward & initially targets the 2016 high at 7830/35.