Daily Technical Analysis for EURUSD as at 9th January 2013
Daily Overview
Trend Long
Ambush Zone 1.3090 – 1.2965
Target 1 1.3310
Target 2 1.3385
Stop <1.2875
Comments
EURUSD continues to trade around the Fibonacci support area. We continue to monitor a possible move to Target 1.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for GBPUSD as at 9th January 2013
Daily Overview
Trend Long
Ambush Zone 1.6105 – 1.5945
Target 1 1.6385
Target 2 1.6620
Stop <1.5825
Comments
As previously GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for Gold as at 9th January 2013
Daily Overview
Trend Short
Ambush Zone 1660 – 1680
Target 1 1625
Target 2 1590
Stop >1695
Comments
As previously posted, we have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for USDCHF as at 9th January 2013
Daily Overview
Trend Short
Ambush Zone 0.9230 – 0.9320
Target 1 0.9080
Target 2 0.9040
Stop >0.9380
Comments
As previously posted, the down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for USDJPY as at 9th January 2013
Daily Overview
Trend Long
Ambush Zone 85.05 – 83.10
Target 1 88.35
Target 2 85.50
Stop <81.65
Comments
Yesterday we had a close beneath the low of the last isolated high. We are monitoring the possibility of a move to support. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside momentum is possible
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Overview
Trend Long
Ambush Zone 1.3090 – 1.2965
Target 1 1.3310
Target 2 1.3385
Stop <1.2875
Comments
EURUSD continues to trade around the Fibonacci support area. We continue to monitor a possible move to Target 1.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for GBPUSD as at 9th January 2013
Daily Overview
Trend Long
Ambush Zone 1.6105 – 1.5945
Target 1 1.6385
Target 2 1.6620
Stop <1.5825
Comments
As previously GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for Gold as at 9th January 2013
Daily Overview
Trend Short
Ambush Zone 1660 – 1680
Target 1 1625
Target 2 1590
Stop >1695
Comments
As previously posted, we have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for USDCHF as at 9th January 2013
Daily Overview
Trend Short
Ambush Zone 0.9230 – 0.9320
Target 1 0.9080
Target 2 0.9040
Stop >0.9380
Comments
As previously posted, the down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
Daily Technical Analysis for USDJPY as at 9th January 2013
Daily Overview
Trend Long
Ambush Zone 85.05 – 83.10
Target 1 88.35
Target 2 85.50
Stop <81.65
Comments
Yesterday we had a close beneath the low of the last isolated high. We are monitoring the possibility of a move to support. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside momentum is possible
Definitions
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend
