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 tests strong resistance at 1786/89 with stops above 1792. A break higher however targets 1798/1800 then very strong resistance at 1805/07.
USDJPY shorts at strong resistance at 113.60/70 target 113.30/20. Below 113.10 risks a slide to 112.845 before a test of strong support at 112.45/35.
CADJPY we have shorts at selling opportunity at 8975/90, with stops above 9000. A break higher targets 9035/45.
USDCAD broke 1.2735/15 targeting 1.2680 & strong support at1.2645/35…longs need stops below 1.2610. A break lower however targets 1.2575/65.
To subscribe to our daily reports please visit daytradeideas.co.uk or email email@example.com
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