Daily Technical Analyses from ACFX

[acfx]

Daily Technical Analysis for EURUSD as at 16thJanuary 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995

Comments
There has been a sufficient pull back to allow us to post the next possible Fibonacci support range. As previously mentioned the 8 period moving average may offer some initial 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 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6105 – 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825

Comments
GBPUSD continues to trade around Fibonacci support with the previous 3 sessions trading within the range of the 10th January candle. We are monitoring for a possible move to Target 1.

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 16th January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1660 – 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695

Comments
This morning, Gold has open positively and is now trading above upper Fibonacci resistance level. Although the bias based upon the strategy remains negative our eye is drawn to a possible breach of the prior Lower High as this may indicate a termination or pause of this down trend.

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 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20

Comments
The downward sloping trend line continues to offer strong resistance. We continue to monitor the price action for a possible attempt to once again breach this resistance or alternatively for oil to pull back in the direction of 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 USDCHF as at 16th January 2013
DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Yesterday we saw a powerful move through the downward sloping trend line that was offering resistance. We have yet to see a 3 bar swing reversal which would change the bias to the long side however we have HH and HL Micro Swing pivots which combined with the trend line break points to a possible trend reversal or pause. For the shorts to stay in control, a down move needs to break the down trend line with conviction and then at least take out MS isolated low.

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 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 88.65 -83.40
Target 1 : 89.70
Target 2 : 92.90
Stop : <81.65

Comments
Yesterday’s close beneath the low of the prior isolated HH together with today’s negative open has allowed us to post a possible scenario. Our bias is long but with a preference to participate in the market in or around 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 24th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995

Comments
EURUSD has experienced 3 days of indecision which can be seen by the doji candles. Today’s open also has the same indecisive price action. The consequence of this indecisiveness can be seen by the formation of a converging triangle. A break of this pattern either to the highs or to the lows may point to the direction of the next move. However, one must be aware of false break outs. A downward break may give the possibility of buying EURUSD within Fibonacci support. An upward break could offer a buying opportunity with our preference being to wait for a pullback after the initial move.

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 24th January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD continues to bounce around support in what can be described as much muted price action. A move back into the direction of the 8 period moving averages is a possibility with our preference being a substantial retracement which would offer a selling opportunity at Fibonacci resistance. However a break of these lows could offer a selling opportunity with the logical action maybe to wait for a pullback after the initial move.

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 24th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80

Comments
Gold has begun a possible retracement. A new possible Fibonacci resistance buy zone has been posted.

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 24th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20

Comments
After yesterday’s lower close we have now posted the possibility of a buying opportunity at Fibonacci support. As the 8 period moving averages have offered support to this move we are monitoring the price action at these levels.

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 24th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080

Comments
As posted yesterday, “USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity.”

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 24th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Yesterday USDJPY did manage to close beneath the 8 period moving averages. However this morning we are experiencing a strong positive open. As previously posted, we a seeing a negative RSI divergence and declining levels in the ADX together with extreme ATR readings. For these reasons and although an upside break may still happen, our view is for the time being at least to sit on the sidelines until resolution occurs.

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