Daily Technical Analysis 12.2.2013 ACFX.com

[acfx]

Daily Technical Analysis for EURUSD as at 12TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263




Comments
As previously posted, “EURUSD continues to trade above a recent congestion area and moving average. A break beneath this area will mean that we would have to reevaluate the current long bias with Target 1 being the last isolated HH”.

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 12th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1.5780 – 1.5845
Target 1 : 1.5675
Target 2 : 1.5485
Stop : >1.5895



Comments
GBPUSD at present seems to be trading back and forth between Fibonacci resistance / downward sloping trend line and the multi month upward sloping trend line. Although the bias continues to be negative, a break of support is required to confirm this analysis.

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 12th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
USDCHF has traded back into Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 12th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Once again as noted in previous posts USDJPY found good support off the 8 period moving averages.

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 12th February 2013\

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The suddenness of yesterdays move took out the previous swing low and created a LH and LL bearish combination. The previous bias was long with an upward movement trigger off HH and HL reversal. On this occasion the initial target and stop level have not been reached. The current price action has created numerous scenarios with the possibility or Gold making further lows or a bounce from the Fibonacci support area. In these cases the last LL and LH could possibly act as short and long targets respectively.

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 12th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1202/oil.gif


Comments
Oil yesterday broke and closed above 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

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 13TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
EURUSD held above the lower level of the Fibonacci support which is just above the congestion zone and the 34 period moving averages. We are monitoring the price action to see if support can hold and possibly push EURUSD higher.

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 13th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
GBPUSD yesterday breached by some distance the upward sloping trend line which is offering multi month support. However once breached, buyers came into the market to force a higher close and put in place a potentially bullish candle. Although technically we are still swing negative, we will monitor the price action at both the 8 period moving averages and the downward sloping trend line for possible negative rotation.

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 13th February 2013

DAILY OVERVIEW

Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
As posted previously “USDCHF has traded back into Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 13th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
USDJPY continues to bounce off the 8 period moving averages and has now traded back to this support area. We are monitoring the price action to see if USDJPY can once again possibly bounce from this level.

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 13th February 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The aggressiveness of Monday’s move was tempered slightly by yesterday’s higher close. The price action is swing negative with a potential Fibonacci resistance sell zone forming. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

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 13th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1302/oil.gif


Comments
Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

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 14TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

http://www.acfx.com/content/images/analysis/Feb12/1402/eur.gif

Comments
After making an initial bounce from the Fibonacci support area EURUSD is now experiencing a moderate pull back. We are monitoring the price action to see if support can hold and possibly push EURUSD higher.

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 14th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1402/gbp.gif

Comments
GBPUSD closed under multi month support off the back of a strong down day. Support effectively could become resistance. We are therefore monitoring moves back to resistance as a potential shorting 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 USDCHF as at 14th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390

http://www.acfx.com/content/images/analysis/Feb12/1402/chf.gif

Comments
USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 14th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1402/jpy.gif

Comments
As posted previously “USDJPY continues to bounce off the 8 period moving averages and has now traded back to this support area. We are monitoring the price action to see if USDJPY can once again possibly bounce from this level”.

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 14th February 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1402/gold.gif

Comments
Gold is at the moment holding near the lows of the last isolated swing low. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

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 14th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1402/oil.gif

Comments
As posted previously “Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH”.

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 Gold as at 15th February 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold continues to trade lower. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

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 EURUSD as at 15TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263


Comments
The initial bounce from the Fibonacci support area failed but EURUSD did find support at the 34 period moving averages and the previous congestion zone. We are monitoring the price action to see if support can hold 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 USDJPY as at 15th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


Comments
USDJPY has closed beneath the 8 period moving averages and is this morning trading beneath it. We are monitoring a possible move to the 34 period moving averages where support may be found.

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 15th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted previously “Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH”.

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 15th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “GBPUSD closed under multi month support off the back of a strong down day. Support effectively could become resistance. We are therefore monitoring moves back to resistance as a potential shorting 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 18TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
Although the initial bounce from the Fibonacci support area failed Friday’s price action showed only limited bearishness. We are monitoring the price action to see if support can hold 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 GBPUSD as at 18th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time.

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 18th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 18th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH.

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 18th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Gold continues to trade lower. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation”.

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 18th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1802/oil.gif

Comments
Oil on Friday made and attempt to breach but bounced off the 34 period moving averages. The bounce however was not enough to push Oil above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

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 19TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH”.

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 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

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 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://www.acfx.com/content/images/analysis/Feb12/1902/oil.gif

Comments
Oil continues to trade between the 8 and 34 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

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 20TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

Comments
As posted previously “EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 20h February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390

Comments
USDCHF this morning is moving away from Fibonacci resistance area after rejecting this level. We are monitoring 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 USDJPY as at 20th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH”.

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 February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted previously “Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation”.

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 February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Oil has closed and is trading above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

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 21st February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

Comments
EURUD did not manage to hold the initial support area and is now trading towards an up trend line where we may see buying possibly coming in. Although the Swing bias is still positive a note should be taken of the recent price action which could be either a corrective Zigzag pattern which is part of a larger up move or the beginning of much lower values for this currency pair. We are monitoring the price action to see if the uptrend line does in fact become an important area for 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 21st February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD as previously commented has broken multi month support and continues to trade lower. The price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels this currency pair and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. Furthermore that GBPUSD has slashed through the 1.5270 to 1.5230 previous support areas may possibly indicate the short side is very much dominant but as always participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

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 21st February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390

Comments
After such a strong day for USD it is not surprising that USDCHF also reversed its negative bias. However in this case the Swiss Franc did not lose value as strongly as the other currency pairs. This may be just a case of catch up for USDCHF or it could be a possibility that another further depreciation in the Franc’s value will be resisted. We are monitoring the price action in this Fibonacci resistance area to ascertain what the possible likely short term direction is.


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 21st February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
It is very much more of the same for USDJPY with the price action bouncing around the area of the 8 period moving averages. It is surprising that after such a strong day for USD that the Yen did not depreciate in value. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH.

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 21st February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Gold as previously commented has reversed its bullish swing pattern and continues to trade aggressively lower. As mentioned on today’s GBPUSD analysis the price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels Gold and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. As always trading participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

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 21st February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
What a difference a day makes. Oil was trading above its immediate short term averages and we were contemplating the possibility of a breach of the last isolated HH. Oil has since slashed through the short term averages and is moving into the direction of the down trend line and Fibonacci support. We will be monitoring the price action if these key support areas are reached.

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

 

[junaid1001]

EURCAD analysis:
According to me i think the price of EURCAD will be more bearish, there is strong bearish trend in this pair and the current price is 1.3435 the price can fall up to the level of 1.3100, technical indicators shows the sell signal for EURCAD.

 

[acfx]

Daily Technical Analysis for EURUSD as at 22nd February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

Comments
EURUSD yesterday did breach the down trend line but this was an area where some buying came into the market. The true extent of this buying should be made apparent today if today we see a significant bounce.
We continue to monitor the price action to see if the uptrend line does in fact become an important area for 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 22nd February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
That GBPUSD had a good bounce off the lows yesterday was not surprising as the price action was very much extended from its short term moving averages. This morning the positive reversal has continued with GBPUSD now trading above an area of previous support being 1.5230 to 1.5270. If the price action can hold above this area of support a move to the 8 period moving averages is a possibility and this may also be an area where shorts could be contemplated. Alternatively if we trade beneath support a move to the lasted isolated LL is a possibility.

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 22nd February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390

Comments
The bullish momentum in USDCHF stalled a little and this morning we are seeing the first signs of some bearishness at the top of the Fibonacci resistance area. As both GBP and Gold did bounce somewhat it is not inconceivable that CHF also adds value against the USD. To ascertain the next possible direction the monitoring of the price action on lower times where one could identify Swing Low or Swing High failures may give possible clues.

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 22nd February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As always the 8 period moving averages has offered significant support to the rise of USDJPY. This currency pair is now experiencing prolonged sideways activity. The last time this occurred was back in November and early December prior to USDJPY stellar breakout. One could possibly consider buying approaches to the 8 period moving averages as this has worked in the past or could alternatively draw lines above the top and bottom of this current congestion area and trade the break out or break down. There is a bigger picture to consider which is what is happening right now with the US Bond market and its inverse correlation with US equities and its further relation with USDJPY and capital shifting to Asia.

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 22nd February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Gold yesterday experience a good bounce off the lows which has followed through to this morning. As in the case of GBPUSD this was not a huge surprise as the price action was very much extended from its short term moving averages. A move to the 8 period moving averages is a possibility and this may also be an area where shorts could be considered. Alternatively a failure to move higher should give the bears some encouragement to push Gold into the direction of the last isolated LL .

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 22nd February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Oil yesterday continued is move lower and as expected was attracted to the down trend line that has been discussed previously. That Oil did not breach the trend line may give the bulls some encouragement but after such an aggressive down move some good evidence is required if one is to add long term swing trades.

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 25th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
EURUSD experienced an indecisive day right on the upward sloping trend line. This could be a clue that the Bears may have lost confidence in further shorting this market. This morning’s open has been has been positive. We continue to monitor the price action to see if the uptrend line does in fact become an important area for 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 25th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The bounce in GBPUSD was short lived as the price action slashed through the 1.5230 to 1.5270 support area. We continue to have a negative bias but have a preference to look at opportunities near the 8 period moving averages.

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 25th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The scenario mentioned on Friday of buying at the 8 period moving averages support area is possibly in play with the price action making an attempt to breach the last isolated HH. We continue to monitor the price action to see if USDJPY does actually breach horizontal resistance in its unrelenting upward march.

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 25th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
USDCHF bullish momentum stalled on Friday and Monday’s session thus far is experiencing a negative open. We continue to monitor the price action on multiple time frames so as to indentify Swing Low or Swing High failures that may give us clues to the next possible market direction.

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 25th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -




Comments
Gold continued to rise off the lows and this upward movement has followed through to today’s session. The 8 period moving averages as mentioned previously is the initial target where shorts may possible be considered.
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 4th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
After the rejection of the 8 period moving averages EURUSD is now making new lows. We are currently trading above the significant 1.3000 level. A break beneath this level will add momentum to the down trend as it pushes towards trend line 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 4th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As mentioned on Friday the 8 period moving averages and over head resistance proved to be important as GBPUSD was pushed lower from these levels. The price action is now moving towards the 1.5000 level which may prove significant as a new level of 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 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Thursday breakout did as commented on did take out the last HH. As we are now trading above this HH level the trend effectively switches to long. The price action is extended from the 8 period moving averages. We are therefore looking for a pull back to this average as a location where we will monitor the price action for possible longs.

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 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY popped higher on Friday and is now trading above the 8 period moving averages. A breach of the 25th February high will add confirmation to this up 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 4th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
As previously mentioned Gold’s rejection of Fibonacci resistance has proved lucrative for sellers who took positions. Friday’s price action push lower but has yet to reach 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 Oil (WTI) as at 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil failed to find support on the down trend line as it broke through this level on Friday. Oil is now trading at the trading at the 61.8% Fibonacci support area after approaching the upward sloping trend line. We are monitoring for a possible positive rotation 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 5th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
EURUSD did trade beneath the key 1.3000 level however the move thus far has been muted. That the 1.3000 level is in line with the previous low of the 4th January may be significant to buyers of the Euro who are looking for areas where a potential double bottom may possibly form. We are currently monitoring the price reaction as EURUSD approaches the 8 period moving averages as this is a possible area where shorts would be willing to add positions.

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 5th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
The price action did move to and breach the 1.5000 level only for it to bounce off it. GBPUSD is now trading at the 8 period moving averages which could possibly be a an area for shorts to add positions.

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 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Following the initial break out the price action is now extended from the 8 period moving averages. We continue to look for a pull back to this average as a location where we will monitor the price action for possible long opportunities.

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 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Following its initial move higher, USDJPY is now trading above the 8 period moving averages. We are monitoring an approach to this average for the possibility of a bounce that takes out the previous HH. Alternatively a break beneath this and the 34 period averages would once again possibly push USDJPY back in the direction of the 25th February 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 Gold as at 4th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
Gold has thus far failed to follow through to Target 1 and is now attempting to put in a HL. A close above the 1st March high would force us to reevaluate our current short 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 Oil (WTI) as at 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil bounced off the 61.8% Fibonacci support area and upward sloping trend line. A close above yesterday’s high would confirm a possible positive rotation in the price action.

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 6th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
EURUSD is now trading at the 8 period moving averages which is the initial area where we are monitoring the price action for possible negative rotation that could push the Euro into the direction of the last isolated LL. Alternatively, a break above the 8 period moving average will focus our attention on a possible move to the upward sloping trend line which should offer strong resistance and as such may act as a magnet for bulls to aim for.

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 6th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD continues to trade at the 8 period moving averages. A break above this average should push the Pound to the 1.5230/70 area which should possibly give strong resistance. Alternatively a failure to trade significantly above the average would focus attention to the short side with a move towards the last isolated LL being a realistic possibility.

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 6th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDCHF continues to trade at its highs following the break out. We continue to monitor the price action for a pull back as a buying opportunity or alternatively a less conservative break above the current HH.

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 6th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY continues to trade above the 8 period moving averages. The scenarios stated yesterday being an approach to this average for the possibility of a bounce that takes out the previous HH or a break beneath this and the 34 period averages would once again possibly push USDJPY back in the direction of the 25th February low are still valid.

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 6th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

http://www.acfx.com/content/images/analysis/March%202013/0603/gold.gif

Comments
Gold touched and bounce off the 8 period moving average. If Gold cannot trade above this average then Target 1 will still be in play. A break above the average would possibly give warning that a HL is about to put in and could give encouragement to the bulls to push Gold to the area of the last LH.

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 6th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

http://www.acfx.com/content/images/analysis/March%202013/0603/oil.gif

Comments
After yesterdays positive close Oil is this morning pushing higher. We are monitoring the possibility of a 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 7th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
The 8 period moving averages proved once again to be a good area of resistance as EURUSD broke down off it. The Euro traded down to the area of the previous LL but failed to breach it or the significant 1.3000 level. A breach of this level is required over the next few sessions if downside momentum is to continue.


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 7th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As in the case of GBPUSD the 8 period moving averages proved significant as a level of resistance. The subsequent move down has breached the previous LL and the 1.5000 level. We are however this morning trading above the level of the previous LL and would therefore be looking for follow through that would confirm the negative 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 7th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
After two days of sideways consolidation USDCHF broke higher off an approach to the 8 period moving averages..As our trend bias is now long we are looking for further approaches of the 8 period moving averages as buying opportunities.

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 7th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY has once again established support above the 8 period moving averages. e continue to monitor the possibility of the price action breaching the prior HH.

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 7th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
Gold attempted to trade lower yesterday only for buying to come in. It would appear that the bulls are trying to give gold support at these levels. A failure to make another attempt at trading down to Target 1 would give buyers further encouragement to push Gold higher and in the process create a positive HL swing pattern.

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 7th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil yesterday did attempt to trade higher only to reverse. That the price action did not reach the level of the 4th March isolated low could be viewed as bullish. Especially as yesterdays and the 4th’s low are now forming a nice pincer low support within the Fibonacci area and on trend line support. We are currently monitoring the price action to see if Oil can trade higher into the direction of 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 8th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
EURUSD failed to breach the 1.3000 with any real conviction and rallied off the back of news. Yesterday’s move was so strong that the market closed above the high of the previous 4 days range. Although technically we continue to be swing negative, yesterday’s price action probably sets the market up for a corrective rally up to the upward sloping trend line with pull backs to the 8 period moving averages being used as 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 8th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Although GBPUSD yesterday made a new low, the price action did not manage to close beneath the range of the previous 3 days price action. For the down side momentum to continue, we would like to see a breach of yesterday’s low. A failure to break lower should see GBPUSD trade back up to the 8 period moving average where resistance to further upside momentum could possibly be found.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Once USDJPY established support above the 8 period moving averages, buying came in as the price action pulled back to this average with the subsequent bounce as mentioned yesterday taking out the prior HH. We continue to monitor pull backs to the short average as 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 Gold as at 8th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
The price action for the past 4 sessions is now trading within a tight range underneath the 8 period moving averages. A break out or break down from this range would indicate the next possible direction for Gold. As the price action is trading under the averages and within an overall daily down trend, our focus continues to be on the short side. However if Gold was to trade above the 8 period moving average prior to breaking the box range, our focus would switch to a long side possible break out. The preferred strategy for both the long or short side break is to allow the initial move to happen and then jump in after there has been a pullback and follow through in the direction of the break with the entry taken off a lower time frame.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil yesterday traded higher off pincer low support that was identified in the prior analysis. We are currently monitoring the price action to see if Oil can trade higher into the direction of 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 11th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
The initial upward movement on Friday was reversed spectacularly with an intraday collapse that broke hourly support. The Euro traded down to the previous LL where support was found. This morning we have so far had a positive albeit quiet open. We are monitoring the price action at the lows to identify if support can hold or if the bears will finally at the fifth attempt break 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 11th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
We mentioned in our last posting that we want to see a break of the lows so as to confirm a continuation of the general down trend. This happened on Friday. GBPUSD is now extended from the 8 period moving averages. Therefore it would not be a surprise if a pullback was to happen before any further down move. Alternatively, GBPUSD could experience a further break down. We are currently monitoring the price action at these levels to ascertain the next immediate market direction.

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 11th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
On Friday morning we mentioned “USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher”. As expected we saw strong buying come in as USDCHF approached the 8 period moving averages. Once again the price action is extended from the small average. We continue to monitor pull backs to the average as possible buying opportunities.

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 11th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as 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 Gold as at 11th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
Gold made an initial move to break horizontal support of the current rectangle pattern only for buyers to come in and hold up Gold. We are now focused on a possible upside break. As always our preference is to allow the initial break to happen and enter off the first valid pull back to prior 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 11th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil continued its upward advance on Friday and the price action has now broken the downward sloping trend line.
We are monitoring a possible continued 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 12th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Volatility in EURUSD yesterday dropped. This is not surprising after the wild swings of last week. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current price action.

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 12th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Yesterday GBPUSD edged down slightly only to close near to where it opened. We continue to monitor pull backs to the 8 period moving average as an area where short positions could possibly be considered.

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 12th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDCHF is trading within the range of the 8th March candle. As the price action is now trading towards the 8 period moving average with are monitoring the reaction as it approaches this support level so as to identify possible positive rotation which could propel USDCHF into the direction of the last HH.

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 12th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted yesterday, USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as 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 Gold as at 12th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
The price action continues to trade within a rectangle formation and above the 8 period moving averages. We expect a possible upside break with a target being the 34 period moving averages. As always our preference is to allow the initial break to happen and enter off the first valid pull back.

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 12th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil continues to trade higher with the 8 period moving average establishing supports beneath the current price action. We are monitoring a possible continued 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

 

[acfx]

Daily Technical Analysis for EURUSD as at 13th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
EURUSD is trading within a tight range above support. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current price action.

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 13th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD continues to trade lower. We continue to monitor pull backs to the 8 period moving averages as an area where short positions could possibly be considered.

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 13th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDCHF is this morning breaking beneath the 8 period moving averages. We are monitoring the price action for a positive rotation that could possibly push the Swiss Franc into the direction of the last HH or alternatively, the downward momentum continues and pushes the price action to 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 13th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as 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 Gold as at 13th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
The expected upside break we expected and mentioned in previous posts occurred yesterday. We are monitoring a possible move to the 34 period moving averages.

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 13th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil as expected is breaking higher. Although we continue to monitor a possible continued move to Target 1 the price extension from the 8 period moving averages has to be allowed for as the price action has a tendency to stall or retrace if the gap between the average and price becomes too large.

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 14th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Yesterday EURUSD attempted to make an early morning break out only for this move to fail. This can be seen on intraday time frames where the Euro failed to breach the high of the 12th March. Ultimately the failed break out reversed and EURUSD broke down. EURUSD has now traded back to prior support which effectively now becomes resistance. We are monitoring the price action to see if EURUSD can trade higher and also close above prior support. A failure to brake and close above prior support will reinforce the short bias and a possible to move to the down trend line that can be found beneath the current price action.

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 14th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD has pulled back to the 8 period moving averages. We are monitoring the price action for negative rotation at these levels where short positions could possibly be considered. Alternatively, GBPUSD could possibly trade higher to the area of prior 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 14th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous isolated HH.

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 14th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted yesterday, USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as 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 Gold as at 14th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Comments
After breaking higher Gold has traded back to the 8 period moving averages. We are monitoring the price action for a possible move to the 34 period moving averages.

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 14th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Comments
Oil is trading within the range of the previous two days. We continue to monitor the upward momentum with a possible move to the 34 period moving averages being the initial target. However due to the extension of the price action from the 8 period moving averages a move back to this average is a possibility.

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