Daily Technical Analysis for EURUSD as at 20th December 2012
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : < 1.2875
Comments
EURUSD yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for GBPUSD as at 20th December 2012
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000
Comments
GBPUSD yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis.
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for Gold as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1690 – 1710
Target 1 : 1660
Target 2 : 1590
Stop : >1725
Comments
New short set up posted. We have identified possible selling opportunities initially at the 8 period moving average and then at Fibonacci resistance.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for Oil (WTI) as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 88.80 – 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65
Comments
Oil is now trading within the Fibonacci resistance area. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical bias.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for USDCHF as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380
Comments
USDCHF yesterday pushed lower only for buyers to come into the market. Yesterday’s positive close has so far continued into the European session. We are monitoring possible selling opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for USDJPY as at 20th December 2012
DAILY OVERVIEW
Trend : Long
Ambush Zone : 83.15 – 82.35
Target 1 : 84.60
Target 2 : 85.50
Stop : <81.65
Comments
USDJPY yesterday pushed higher only for sellers to come into the market during the start of the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
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 yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for GBPUSD as at 20th December 2012
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000
Comments
GBPUSD yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis.
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for Gold as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1690 – 1710
Target 1 : 1660
Target 2 : 1590
Stop : >1725
Comments
New short set up posted. We have identified possible selling opportunities initially at the 8 period moving average and then at Fibonacci resistance.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for Oil (WTI) as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 88.80 – 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65
Comments
Oil is now trading within the Fibonacci resistance area. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical bias.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for USDCHF as at 20th December 2012
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380
Comments
USDCHF yesterday pushed lower only for buyers to come into the market. Yesterday’s positive close has so far continued into the European session. We are monitoring possible selling opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for USDJPY as at 20th December 2012
DAILY OVERVIEW
Trend : Long
Ambush Zone : 83.15 – 82.35
Target 1 : 84.60
Target 2 : 85.50
Stop : <81.65
Comments
USDJPY yesterday pushed higher only for sellers to come into the market during the start of the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
