Daily Technical Analysis from ACFX

[acfx]

Daily Technical Analysis for EURUSD as at 17thJanuary 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
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend

Daily Technical Analysis for GBPUSD as at 17th 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
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend


Daily Technical Analysis for Gold as at 17th 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
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend


Daily Technical Analysis for Oil (WTI) as at 17th 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
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend


Daily Technical Analysis for USDCHF as at 17th 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
HH Higher High
HL Higher Low
LL Lower Low
LH Lower High
CofT Change of Trend


Daily Technical Analysis for USDJPY as at 17th 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
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 January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995

Comments
After reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.

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

Comments
Last Wednesday’s HL breach carried on through to Friday. Technically the Swing Strategy is bearish. However GBPUSD is now trading around the area of previous resistance which may now offer some support. We are monitoring the possibility of a bounce from these levels. At the moment, it is probably too early in the move to post possible Fibonacci resistance sell zones.

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

Comments
Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current 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 Oil (WTI) as at 21st January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20

Comments
Friday’s action was muted with Oil closing lower after initially putting in marginal new highs in what was by comparison a very tight range. This price action may indicate the possibility of Oil moving back to the 8 period moving average or 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 USDCHF as at 21st January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Friday’s price action of breaching the previous swing high is the confirmation needed to change the swing strategy bias to the long side. Although the 8 period moving averages and the downward sloping trend line may offer some support to upside directional momentum we will await developments before posting possible specific entry 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 21st January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Thus far USDJPY has continued to make new highs with each pullback lasting no more than a couple of bars therefore negating the retracement strategy that is the preference of Swing Traders. Our bias continues to be long.

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 22nd January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995

Comments
As posted yesterday, “after reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.”

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

Comments
Yesterday’s price action managed to breach the 15th November lows. This price action has created a lower low on the Weekly time frame. At the moment, it is probably too early in the move to post a possible Fibonacci resistance sell zone area.

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

Comments
As posted yesterday, “Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current 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 Oil (WTI) as at 22nd January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
After the previous two days muted price action Oil is this morning trading higher. We continue to monitor the price action for an opportunity to participate in 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 USDCHF as at 22nd January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080

Comments
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 22nd January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
USDJPY is making another attempt at a pull back. We have identified a weekly negative RSI divergence and declining ADX readings after moving into extreme areas as possible indications that this strong trend may finally need to take a pause.

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]

EURJPY:
The spot rate approaches the upper limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 119.60 with the 1st objective at 119.00 and then at 118.80. A breakthrough of 119.80 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 119.60 with the 1st objective at 120.20 and then at 120.40. A breakthrough of 119.40 will invalidate this scenario.

 

[acfx]

Daily Technical Analysis for EURUSD as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995

Comments
After 3 quiet days, EURUSD experienced a strong up move that was eventually held at the upper level of the converging triangle formation. We are monitoring the price action for a possible upside break of this triangle 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 GBPUSD as at 25h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
GBPUSD broke down from during yesterday’s session. There was an opportunity to short the pull back off the 1 hour chart in the area of 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 25th 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 traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long side.

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 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20

Comments
The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back 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 USDCHF as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080

Comments
USDCHF is now trading beneath 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 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
Once again USDJPY experienced a limited pull back and although it did manage to close beneath the 8 period moving averages, the longs came in push USDJPY past the previous isolated high. At some point this uptrend will end but the direction at the moment is one way with limited pullbacks.

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 Tren
d

 

[acfx]

Daily Technical Analysis for EURUSD as at 29th January 2013

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

Comments
EURUSD yesterday traded at the highs of the previous days strong up move. This could be a pointer to a further potential upside break of the last isolated high at 1.3478. Alternatively, EURUSD may possibly trade back to the 8 period moving averages which have acted as good previous short term support and resistance. We have not identified any Fibonacci support zones yet as.

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 29h January 2013

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

Comments
GBPUSD continues to trade lower and is now very close to the upward sloping trend line which forms part of a multi month triangle pattern. As such it would not be a surprise if strong support was to come in at these levels. Alternatively, a break and close beneath trend line support could possibly point to much lower value for this currency pair.

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 29th January 2013

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

Comments
As mentioned in a previous post we are this morning monitoring the first possible signs of price rotation to the long side within Fibonacci support. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down 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 29th January 2013

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

Comments
Oil as mentioned previously has found good support at the 8 period moving averages and is this morning attempting to trade above the small triangle 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 USDCHF as at 29th 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 preciously, “USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back 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 29th January 2013

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

Comments
As posted previously, “USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in”.

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 30th January 2013

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

Comments
EURUSD yesterday broke higher after initially trading towards the 8 period moving averages. This was one of the scenarios mentioned in Tuesday’s update. We have not identified any Fibonacci support zones yet as.

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 30h January 2013

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

Comments
GBPUSD yesterday did find some support above upward sloping trend line which forms part of a multi month triangle pattern. We are monitoring the price action to see if GBPUSD can trade up to at least the 8 period moving averages. Alternatively GBPUSD could continue its move down to the upward sloping trend line.

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 30th January 2013

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

Comments
The possible positive rotation in the Fibonacci area as previously mentioned would appear to be taking place with yesterday’s positive close which has carried on into today’s session. We are monitoring a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down 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 30th January 2013

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

Comments
The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of 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 USDCHF as at 30th January 2013

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

Comments
After initially trading down into the Fibonacci area USDCHF found support at the 61.8% retracement level. We are monitoring the price action for signs of further positive 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 USDJPY as at 30th January 2013

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

Comments
We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in.

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 31st January 2013

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

Comments
EURUSD continues to trade higher. We are monitoring pull backs to the 8 period moving averages as a potential area of support. As yet we have not identified any Fibonacci support zones.

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 31st January 2013


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

Comments
GBPUSD has traded up to the 8 period moving averages where Fibonacci resistance can also be found together with a previously broken downward sloping trend line. We are monitoring the possibility of negative rotation and an attempt to breach the multi month upward sloping trend line. Alternatively a move back up to the downward sloping trend line which makes up the top of the triangle pattern cannot be discounted.

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 31st January 2013

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

Comments
We continue to monitor a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down 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 31st January 2013

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

Comments
As per yesterdays post “The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of 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 USDCHF as at 31st January 2013

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

Comments
Fibonacci support did not hold and there were no signs of positive rotation at these levels. The price is much extended from the 8 period moving averages. Therefore USDCHF may retrace or trade sideways to allow the gap between the price and average to reduce. We are monitoring any breach of the last isolated LL which would confirm a possible change of trend to the down side.

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 31st January 2013

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

Comments
USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in.

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 1st February 2013

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

Comments
As posted previously “EURUSD continues to trade higher. We are monitoring pull backs to the 8 period moving averages as a potential area of support. As yet we have not identified any Fibonacci support zones”.

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 1st 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 has slashed through the 8 period moving averages where Fibonacci resistance can also be found together with a previously broken downward sloping trend line. There were no signs of negative rotation where shorts could be taken. Although the Swing set up is still short we are now monitoring the possibility of a move back up to the downward sloping trend line which makes up the top of the triangle 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 Gold as at 1st February 2013

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

Comments
As posted previously “We continue to monitor a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down 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 1st February 2013

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

Comments
As posted previously “The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of 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 USDCHF as at 1st February 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 “Fibonacci support did not hold and there were no signs of positive rotation at these levels. The price is much extended from the 8 period moving averages. Therefore USDCHF may retrace or trade sideways to allow the gap between the price and average to reduce. We are monitoring any breach of the last isolated LL which would confirm a possible change of trend to the down side”.

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 1st February 2013

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

Comments
As posted yesterday “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in”.

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 February 2013

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

Comments
After such a strong up move a correction was inevitable. EURUSD has now traded back into Fibonacci support. We are monitoring the price action at these levels for a possible positive 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 GBPUSD as at 5th 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 upward advance was held and repelled aggressively from the Fibonacci resistance area. We are monitoring the possibility of either bounce off the upward sloping multi month trend line or a break through this line of support which would lead to the possibility of much lower values for GBPUSD.

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 5th February 2013

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

Comments
Gold continues to bounce around the Fibonacci support area. 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


Daily Technical Analysis for Oil (WTI) as at 5th February 2013

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

Comments
Oil for the first time in two months has traded significantly under the 8 period moving averages. The 34 period moving averages and the downward sloping trend line may offer some possible support. Alternatively Oil may make an attempt to trade up to and possibly 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 USDCHF as at 5th February 2013

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

Comments
USDCHF has breach of the last isolated LL which would confirm a possible change of trend to the down side. The indecision of the past two weeks can be seen by the pattern that has been created with HH’s and LL’s which has formed an expanding triangle formation. The downward move has stalled somewhat as the averages do need to catch up with the price action. We a monitoring for possible sideways action or a move back to 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 5th February 2013

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

Comments
As posted yesterday “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in”.

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