Commodities, Indices, Forex 07/17/2016 • Edge of trading a place for traders

Indices, Commodities and Forex Special Situations 07/17/2016

INDICES

S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded.

Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded.

Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here.

EURUSD is bouncing from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.

USDJPY is retesting support zone 106.600-108.600

GBPUSD is making a hammer on a weekly and a break above 1.3600 could lead to retracement all the way to 1.3800.

AUDUSD is testing 0.7700 and it could extend upside in a case of a break.

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