Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Gold Spot very volatile, up one day, down the next day for a week. Shorts at strong resistance at 1786/89 worked again as we held below 1792, hitting target of 1780/78.
Same levels apply for today.
Silver tests minor resistance at 2248/52 this week.
WTI Crude January edges higher to the next target of 7280 as we look for a test of minor resistance at 7360/7400 today.
AUDUSD sees 3 days of unexpectedly strong gains as we beat our selling opportunity at 7120/40.
NZDUSD we have shorts at 6800/10 with stops above 6830.
AUDJPY sell at 8155/75, stop above 8200.
USDJPY tests strong resistance at 113.60/70 but over ran to 113.90.
EURJPY reaches our target & strong resistance at 128.80/129.00. Shorts need stops above 129.15.
CADJPY shorts at selling opportunity at 8975/90 unfortunately stopped above 9000.
GBPUSD continues lower in the bear trend & we have longs at the buying opportunity at 1.3170/50, stop below 1.3120.
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No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Jason Sen, Director