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Thread: Daily Technical Analysis from ACFX

  1. #101

    Default

    Trend: UP
    RSI: Above 50 and overbought
    Bollinger Band: positive



    Risk Disclaimer:
    Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


    Trend: Up
    RSI: Above 50
    Bollinger Band: Positive




    Risk Disclaimer:
    Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative




    Risk Disclaimer:
    Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such
    transactions.


    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative



    Risk Disclaimer:
    Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.

  2. #102
    Banned
    Join Date
    Mar 2013
    Location
    www.fxsoft.ggfinances.com
    Posts
    53

    Default

    Sory what Platform do you use? (this is not mt4 right?)

  3. #103

    Default

    EURUSD

    Pivots

    R3 1.34452
    R2 1.33951
    R1 1.33653
    Pivot Point 1.33152
    S1 1.32854
    S2 1.32253
    S3 1.32055

    Comments

    Trend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive





    GBPUSD

    Pivots

    R3 1.59358
    R2 1.57333
    R1 1.56099
    Pivot Point 1.54074
    S1 1.52840
    S2 1.50815
    S3 1.49581


    Comments

    Trend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive




    USDCHF


    Pivots

    R3 0.93493
    R2 0.93187
    R1 0.92679
    Pivot Point 0.92373
    S1 0.91865
    S2 0.91559
    S3 0.91051

    Comments

    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative




    USDJPY

    Pivots

    R3 98.795
    R2 98.298
    R1 97.314
    Pivot Point 96.817
    S1 95.833
    S2 95.336
    S3 94.352

    Comments

    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative


  4. #104

    Default

    Quick Technical Analysis from ACFX 08/09/2013


    EURUSD

    Pivots

    R3 1.34830
    R2 1.34414
    R1 1.34104
    Pivot Point 1.33658
    S1 1.33378
    S2 1.32962
    S3 1.32652

    Comments

    Trend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive




    GBPUSD

    Pivots

    R3 1.56692
    R2 1.56214
    R1 1.55793
    Pivot Point 1.55315
    S1 1.54894
    S2 1.54416
    S3 1.53995

    Comments

    Trend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive





    USDJPY

    Pivots

    R3 98.280
    R2 97.603
    R1 97.155
    Pivot Point 96.478
    S1 96.030
    S2 95.253
    S3 94.908

    Comments

    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative





    USDCHF

    Pivots

    R3 0.92837
    R2 0.92263
    R1 0.92287
    Pivot Point 0.92013
    S1 0.91737
    S2 0.91463
    S3 0.91187

    Comments

    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative


  5. #105

    Default Quick Technical Analysis from ACFX 08/12/2013

    Quick Technical Analysis from ACFX 08/12/2013

    EURUSD


    Pivots

    R3 1.34329
    R2 1.34114
    R1 1.33751
    Pivot Point 1.33536
    S1 1.33173
    S2 1.32958
    S3 1.32595

    Comments

    Trend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive




    GBPUSD


    Pivots

    R3 1.56042
    R2 1.55810
    R1 1.55423
    Pivot Point 1.55191
    S1 1.54804
    S2 1.54572
    S3 1.54185


    CommentsTrend: Upwards
    RSI: Above 50 and over brought
    Bollinger Band: Positive




    USDJPY


    Pivots

    R3 97.598

    R2 97.281
    R1 96.753
    Pivot Point 96.436
    S1 95.908
    S2 95.591
    S3 95.063

    CommentsTrend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative




    USDCHF


    Pivots

    R3 0.92755
    R2 0.92523
    R1 0.92368
    Pivot Point 0.92136
    S1 0.91981
    S2 0.91749
    S3 0.91594


    Comments

    Trend: Down
    RSI: Below 50 and oversold
    Bollinger Band: Negative


  6. #106

    Default Daily Technical Analysis from ACFX 08/13/2013

    Daily Technical Analysis for EURUSD as at 13th August 2013

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



    Comments

    EURUSD is this morning trading higher from the open after yesterdays down day.
    Following the break of trend line resistance EURUSD traded lower off its highs and this move has continued back to the downward sloping trend line and the 8 period moving averages where support and buyers could potentially enter the market. However as the swing bias is still bearish we are monitoring the possibility of a move to the 34 period moving averages.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading around the area of trend line resistance.
    3. The RSI is confirming the move.
    4. The weekly time frame is in gear with the daily time frame.

    Alternative counter trend bullish factors:
    1. The price action has retraced into the 8 period moving averages which could offer a buying opportunity.
    2. The price action has broken and retraced to trend line resistance.
    3. The averages have crossed positively.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area.

    Daily Technical Analysis for GBPUSD as at 13th August 2013

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



    Comments

    GBPUSD is this morning trading lower from the open after yesterdays down day.

    Following the breach of the prior swing high, the trend has turned positive. However further upward momentum is finding resistance on its approach to Fibonacci resistance. We are monitoring a potential move to the 8 period moving averages.

    In terms of the bigger the swing bias is positive.

    The following factors are confirming or reinforcing this market bias:

    1. The swing bias has turned positive.
    2. The price action is retracing to the positively layered averages which could offer a buying opportunity.
    3. The averages have crossed positively.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.
    6. The price action traded through the 1.5250 resistance level.

    Alternative counter trend bearish factors:

    1. The price action is extended from the averages.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages.

    Scenario 2
    Alternatively the price action extended from the averages could offer short term shorting opportunities.


    Daily Technical Analysis for USDCHF as at 12th August 2013

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




    Comments

    USDCHF is this morning trading higher from the open after yesterdays up day

    USDCHF has found support at the 0.9200 area and trend line support. This moving the positivity has continued with a move that has breached the 8 period moving averages.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:

    1. The swing bias remains negative.
    2. The weekly time frame continues to have a negative bias.
    3. The RSI is in gear with the move.
    4. The averages are negatively layered.
    Alternative counter trend bullish factors:

    1. USDCHF has bounced off the 0.9200 level.
    2. USDCHF has bounced of trend line support.

    Scenario 1
    As the dominant daily trend is down the 8 period moving averages may possibly offer shorting opportunities.

    Scenario 2
    Alternatively the current bounce off support could potentially move to the area of the 34 period moving averages.


    Daily Technical Analysis for USDJPY as at 13th August 2013

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



    Comments

    USDJPY is this morning trading higher from the open after yesterdays up day.

    USDJPY has experienced a strong bounce after a somewhat extended move down. The price action has this morning corrected to the 8 period moving averages. We are monitoring the potential for a negative rotation and return to the down trend at this average.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:

    1. The swing bias remains negative.
    2. The moving averages have crossed negatively.
    3. The price action has broken below the significant 100 level.
    4. The RSI is confirming the move.
    5. The price action has managed to break below the upward sloping trend line.
    6. Fibonacci resistance is offering down side pressure.
    Alternative counter trend bullish factors:

    1. The weekly time remains with a positive bias.
    2. The price action is extended from the averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is extended from the averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages.


    Daily Technical Analysis for Gold as at 13th August 2013

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




    Comments

    Gold is this morning trading higher from the open after yesterdays up day.

    Gold is trading above the positively layered averages as this metal attempts to print a higher low swing. However the price action continues to trade within the Fibonacci resistance area and would require a swing high breach to confirm a reversal to an upside bias.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:

    1. The swing bias is negative.
    2. The price action is trading above the averages which could be viewed as an overbought opportunity.
    3. The weekly time frame continues to point down.
    4. The price action is trading within the Fibonacci resistance zone.
    5. The RSI is diverging negatively.

    Alternative counter trend bullish factors:

    1. The price action is attempting to print a higher low.
    2. The moving averages are layered positively.
    3. The price action is trading above the averages.
    4. The price action is trading above the 1322 support level.

    Scenario 1
    As the dominant daily trend is down as Fibonacci resistance may offer a shorting opportunity.

    Scenario 2
    Alternatively retracements to the averages may potentially offer buying opportunities.


    Daily Technical Analysis for Oil (WTI) as at 13th August 2013

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



    Comments

    Oil is this morning trading higher from the open after yesterdays up day.
    Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias.

    In terms of the bigger picture the swing bias remains negative.

    The following factors are confirming or reinforcing this market bias:

    1. The swing bias is negative.

    Alternative counter trend bullish factors:

    1. The prior down spike has been reversed.
    2. The price action is trading above the averages.
    3. The averages are layered positively.
    4. The price action is forming a possible corrective zigzag consolidation pattern.
    5. The price action is trading above the large monthly converging triangle.
    6. The weekly RSI diverging positively.

    Scenario 1
    As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities.

    Scenario 2
    Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high.

  7. #107

    Default

    Daily Technical Analysis from ACFX 08/14/2013

    Daily Technical Analysis for EURUSD as at 14th August 2013


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



    Comments

    EURUSD is this morning trading unchanged from the open after yesterdays down day.
    Yesterday EURUSD traded and closed under the downward sloping trend line and the 8 period moving averages. We are monitoring the price action to see if the 8 period moving average will now act as resistance that will eventually lead EURUSD lower and into the direction of the 34 period moving averages.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action has retraced and broken beneath the 8 period moving averages.
    3. The price action is trading around the area of trend line resistance.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.

    Alternative counter trend bullish factors:
    1. The averages have crossed positively.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


    Daily Technical Analysis for GBPUSD as at 14th August 2013

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



    Comments

    GBPUSD is this morning trading unchanged from the open after yesterdays down day.

    Following the breach of the prior swing high, the trend has turned positive. However further upward momentum is finding resistance on its approach to Fibonacci resistance. We are monitoring a potential move to the 8 period moving averages which could possibly offer support to a further up swing.

    In terms of the bigger the swing bias is positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias has turned positive.
    2. The price action is retracing to the positively layered averages which could offer a buying opportunity.
    3. The averages have crossed positively.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.
    6. The price action traded through the 1.5250 resistance level.

    Alternative counter trend bearish factors:
    1. The moving averages are somewhat extended.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages.

    Scenario 2
    Alternatively the price action extended from the averages could offer short term shorting opportunities.



    Daily Technical Analysis for USDCHF as at 14th August 2013

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



    Comments

    USDCHF is this morning trading higher from the open after yesterdays up day

    The bounce off the 0.9200 area and trend line support has continued as USDCHF approaches the 34 period moving averages. We are monitoring the price action at these levels for any sign of negative rotation and resumption to the down trend.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The weekly time frame continues to have a negative bias.
    3. The RSI is in gear with the move.
    4. The averages are negatively layered.

    Alternative counter trend bullish factors:
    1. USDCHF has bounced off the 0.9200 level.
    2. USDCHF has bounced of trend line support.

    Scenario 1
    As the dominant daily trend is down the 8 period moving averages may possibly offer shorting opportunities.

    Scenario 2
    Alternatively the current bounce off support could potentially move to the area of the 34 period moving averages.



    Daily Technical Analysis for USDJPY as at 14th August 2013

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



    Comments

    USDJPY is this morning trading higher from the open after yesterdays up day.

    USDJPY has experienced a strong bounce after a somewhat extended move down. Yesterday USDJPY closed above the 8 period moving averages and this positivity has continued into the European open. We are monitoring the potential for a negative rotation and return to the down trend in and around the area of the 34 period moving averages.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The moving averages have crossed negatively.
    3. The price action has broken below the significant 100 level.
    4. The RSI is confirming the move.
    5. The price action has managed to break below the upward sloping trend line.
    6. Fibonacci resistance is offering down side pressure.

    Alternative counter trend bullish factors:
    1. The weekly time remains with a positive bias.
    2. The price action is trading above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages.


    Daily Technical Analysis for Gold as at 14th August 2013

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



    Comments
    Gold is this morning trading unchanged from the open after yesterdays down day.

    Gold is trading above the positively layered averages as this metal attempts to print a higher low swing. However the price action continues to trade within the Fibonacci resistance area and would require a swing high breach to confirm a reversal to an upside bias.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading above the averages which could be viewed as an overbought opportunity.
    3. The weekly time frame continues to point down.
    4. The price action is trading within the Fibonacci resistance zone.
    5. The RSI is diverging negatively.

    Alternative counter trend bullish factors:
    1. The price action is attempting to print a higher low.
    2. The moving averages are layered positively.
    3. The price action is trading above the averages.
    4. The price action is trading above the 1322 support level.

    Scenario 1
    As the dominant daily trend is down as Fibonacci resistance may offer a shorting opportunity.

    Scenario 2
    Alternatively retracements to the averages may potentially offer buying opportunities.


    Daily Technical Analysis for Oil (WTI) as at 14th August 2013

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



    Comments

    Oil is this morning trading unchanged from the open after yesterdays up day.
    Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias.

    In terms of the bigger picture the swing bias remains negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.

    Alternative counter trend bullish factors:
    1. The prior down spike has been reversed.
    2. The price action is trading above the averages.
    3. The averages are layered positively.
    4. The price action is forming a possible corrective zigzag consolidation pattern.
    5. The price action is trading above the large monthly converging triangle.
    6. The weekly RSI diverging positively.

    Scenario 1
    As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities.

    Scenario 2
    Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high.

  8. #108

    Default Daily Technical Analysis from ACFX 08/16/2013

    Daily Technical Analysis for EURUSD as at 16th August 2013

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



    Comments
    EURUSD is this morning trading lower from the open after yesterdays up day.
    Yesterday EURUSD experienced a positive day printing a bullish piercing line candle and in the process traded and closed above the downward sloping trend line and the 8 period moving averages. It would appear that EURUSD is attempting to print a higher swing low.

    We are monitoring the price action to see if the 8 period moving average will now act as support that will eventually lead EURUSD higher and into the direction of the last isolated high of the 8th August.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading around the area of trend line resistance.
    3. The RSI is confirming the move.
    4. The weekly time frame is in gear with the daily time frame.

    Alternative counter trend bullish factors:
    1. The averages have crossed positively.
    2. The price action has broken above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


    Daily Technical Analysis for GBPUSD as at 16th August 2013

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



    Comments

    GBPUSD is this morning trading lower from the open after yesterdays up day.

    Yesterday GBPUSD experienced a strong up day and in the process printed a higher high and establishing a potential a potential higher low swing pivot. This price activity of course reinforces the prior change of trend to positive.

    Following the 8 period moving averages acting as a buying area we continue to monitor further pullbacks to this area as possible support point.

    In terms of the bigger the swing bias is positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias has turned positive.
    2. The price action is retracing to the positively layered averages which could offer a buying opportunity.
    3. The averages have crossed positively.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.
    6. The price action traded through the 1.5250 resistance level.

    Alternative counter trend bearish factors:
    1. The moving averages are somewhat extended.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages.

    Scenario 2
    Alternatively the price action extended from the averages could offer short term shorting opportunities.



    Daily Technical Analysis for USDCHF as at 16th August 2013

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



    Comments

    USDCHF is this morning trading higher from the open after yesterdays down day

    Yesterday USDCHF found resistance at the 34 period moving averages. This area was highlighted in previous posts as an area of potential resistance.

    We are monitoring the price action at these levels to see if the negativity continues. However there is a potential support hurdles to be overcome at the 0.9200 and the upward sloping trend line. A breach of the 8th August low will need to happen so as to reinforce the negative bias.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The weekly time frame continues to have a negative bias.
    3. The RSI is in gear with the move.
    4. The averages are negatively layered.

    Alternative counter trend bullish factors:
    1. USDCHF has bounced off the 0.9200 level.
    2. USDCHF has bounced of trend line support.

    Scenario 1
    As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities.

    Scenario 2
    Alternatively support may potentially be found at the 8 period moving averages. This support could precede an extended move to the 34 period moving averages.



    Daily Technical Analysis for USDJPY as at 16th August 2013

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



    Comments

    USDJPY is this morning trading higher from the open after down up day.

    USDJPY yesterday traded up to the 34 period moving averages and as posted previously that it found strong resistance in this area was not a surprise.

    We are monitoring the potential for further negative rotation and return to the down trend.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The moving averages have crossed negatively.
    3. The price action has broken below the significant 100 level.
    4. The RSI is confirming the move.
    5. The price action has managed to break below the upward sloping trend line.
    6. Fibonacci resistance is offering down side pressure.

    Alternative counter trend bullish factors:
    1. The weekly time remains with a positive bias.
    2. The price action is trading above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages.


    Daily Technical Analysis for Gold as at 16th August 2013

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



    Comments
    Gold is this morning trading unchanged from the open after yesterdays up day.

    Yesterday Gold breached the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence.

    In terms of the bigger picture the swing bias has reversed to positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. The price action has printed a higher low.
    3. The moving averages are layered positively.
    4. The price action is trading above the averages.
    5. The price action is trading above the 1322 support level.
    6. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.
    2. The price action is trading within the Fibonacci resistance zone.
    3. The price action is extended from the averages.

    Scenario 1
    As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities.

    Scenario 2
    Alternatively the price action is extended from the averages which could offer shorting opportunities.


    Daily Technical Analysis for Oil (WTI) as at 16th August 2013

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



    Comments
    Oil is this morning trading higher from the open after yesterdays up day.
    Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias.

    In terms of the bigger picture the swing bias remains negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.

    Alternative counter trend bullish factors:
    1. The prior down spike has been reversed.
    2. The price action is trading above the averages.
    3. The averages are layered positively.
    4. The price action is forming a possible corrective zigzag consolidation pattern.
    5. The price action is trading above the large monthly converging triangle.
    6. The weekly RSI diverging positively.

    Scenario 1
    As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities.

    Scenario 2
    Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high.

  9. #109

    Default

    Daily Technical Analysis from ACFX 08/19/2013



    Daily Technical Analysis for EURUSD as at 19th August 2013

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



    Comments

    EURUSD is this morning trading lower from the open after Fridays down day.
    EURUSD has thus far been unable to breach the 8th August high. A breach of this swing point would effectively change the trend to long. However the price action continues to trade above both the 8 period moving averages and the downward sloping trend line which could offer a base of support for a further upswing.

    We are monitoring the price action to see if the 8 period moving average will now act as support that will eventually lead EURUSD higher and into the direction of the last isolated high of the 8th August.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading around the area of trend line resistance.
    3. The RSI is confirming the move.
    4. The weekly time frame is in gear with the daily time frame.

    Alternative counter trend bullish factors:
    1. The averages have crossed positively.
    2. The price action has broken above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


    Daily Technical Analysis for GBPUSD as at 19th August 2013

    DAILY OVERVIEW

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



    Comments

    GBPUSD is this morning trading unchanged from the open after Fridays down day.

    After Thursdays strong up day the subsequent trading sessions have been quiet with very narrow ranges.

    We are monitoring pullbacks to the 8 period moving averages acting as a potential buying area.

    In terms of the bigger the swing bias is positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias has turned positive.
    2. The price action is retracing to the positively layered averages which could offer a buying opportunity.
    3. The averages have crossed positively.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.
    6. The price action traded through the 1.5250 resistance level.

    Alternative counter trend bearish factors:
    1. The moving averages are somewhat extended.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages.

    Scenario 2
    Alternatively the price action extended from the averages could offer short term shorting opportunities.

    Daily Technical Analysis for USDCHF as at 19th August 2013

    DAILY OVERVIEW

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




    Comments

    USDCHF is this morning trading higher from the open after Fridays up day

    After trading down off the 34 period moving averages USDCHF has bounced off the 8 period moving averages. A failure to trade beneath the 8 period averages could potentially indicate that a move back to the 34 period moving average is possible.

    We are monitoring the price action at these levels to see if the negativity continues. However there is a potential support hurdles to be overcome at the 0.9200 and the upward sloping trend line. A breach of the 8th August low will need to happen so as to reinforce the negative bias.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The weekly time frame continues to have a negative bias.
    3. The RSI is in gear with the move.
    4. The averages are negatively layered.

    Alternative counter trend bullish factors:
    1. USDCHF has bounced off the 0.9200 level.
    2. USDCHF has bounced of trend line support.

    Scenario 1
    As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities.

    Scenario 2
    Alternatively support may potentially be found at the 8 period moving averages. This support could precede an extended move to the 34 period moving averages.


    Daily Technical Analysis for USDJPY as at 19th August 2013

    DAILY OVERVIEW

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



    Comments

    USDJPY is this morning trading higher from the open after Fridays up day.

    After trading down USDJPY has found support at the 8 period moving averages. A failure to break this average could propel USDJPY back up to the Fibonacci resistance area.

    We are monitoring the potential for further negative rotation and return to the down trend.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The moving averages have crossed negatively.
    3. The price action has broken below the significant 100 level.
    4. The RSI is confirming the move.
    5. The price action has managed to break below the upward sloping trend line.
    6. Fibonacci resistance is offering down side pressure.

    Alternative counter trend bullish factors:
    1. The weekly time remains with a positive bias.
    2. The price action is trading above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages.


    Daily Technical Analysis for Gold as at 19th August 2013

    DAILY OVERVIEW

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



    Comments

    Gold is this morning trading lower from the open after Fridays up day.

    Gold continues to trade above the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence. However the price action is now becoming extended from the averages.

    In terms of the bigger picture the swing bias has reversed to positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. The price action has printed a higher low.
    3. The moving averages are layered positively.
    4. The price action is trading above the averages.
    5. The price action is trading above the 1322 support level.
    6. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.
    2. The price action is trading within the Fibonacci resistance zone.
    3. The price action is extended from the averages.

    Scenario 1
    As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities.

    Scenario 2
    Alternatively the price action is extended from the averages which could offer shorting opportunities.


    Daily Technical Analysis for Oil (WTI) as at 19th August 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after Fridays up day.
    Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias.

    In terms of the bigger picture the swing bias remains negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.

    Alternative counter trend bullish factors:
    1. The prior down spike has been reversed.
    2. The price action is trading above the averages.
    3. The averages are layered positively.
    4. The price action is forming a possible corrective zigzag consolidation pattern.
    5. The price action is trading above the large monthly converging triangle.
    6. The weekly RSI diverging positively.

    Scenario 1
    As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities.

    Scenario 2
    Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high.

  10. #110

    Default

    Daily Technical Analysis from ACFX 08/21/2013


    Daily Technical Analysis for EURUSD as at 21st August 2013

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



    Comments
    EURUSD is this morning trading unchanged from the open after yesterdays up day.
    Following the bounce off the downward sloping trend line EURUSD found further support at the 8 period moving averages. This possibility was discussed in previous posts. The move off the averages yesterday was aggressive and had enough upward momentum to breach the prior swing high. This breach effectively changes the trend from short to long.

    We continue to monitor the price action to see if the 8 period moving average will act as support.

    In terms of the bigger picture the swing bias has changed to positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. The price action has breached trend line resistance.
    3. The RSI is confirming the move.
    4. The weekly time frame is in gear with the daily time frame.
    5. The averages have crossed positively.
    6. The price action has broken above the 8 period moving averages.

    Alternative counter trend bullish factors:
    1. The averages are becoming extended which could lead to corrective down to sideways price action.

    Scenario 1
    As the dominant daily trend is up retracements into resistance could be viewed as buying opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages.



    Daily Technical Analysis for GBPUSD as at 21st August 2013

    DAILY OVERVIEW

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



    Comments

    GBPUSD is this morning trading unchanged from the open after yesterdays up day.

    Further to the subdued price action GBPUSD is trading within a very narrow 2 day range.

    We are monitoring pullbacks to the 8 period moving averages acting as a potential buying area.

    In terms of the bigger the swing bias is positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias has turned positive.
    2. The price action is retracing to the positively layered averages which could offer a buying opportunity.
    3. The averages have crossed positively.
    4. The RSI is confirming the move.
    5. The weekly time frame is in gear with the daily time frame.
    6. The price action traded through the 1.5250 resistance level.

    Alternative counter trend bearish factors:
    1. The moving averages are somewhat extended.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages.

    Scenario 2
    Alternatively the price action extended from the averages could offer short term shorting opportunities.



    Daily Technical Analysis for USDCHF as at 21st August 2013

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



    Comments

    USDCHF is this morning trading higher from the open after yesterdays down day

    Further to the breach of the 8 period moving averages and the downward momentum has continued with further breaches of the 0.9200 support area and upward sloping trend line. This move has in the process also breached the prior swing low and has therefore reinforced the negative bias.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The weekly time frame continues to have a negative bias.
    3. The RSI is in gear with the move.
    4. The averages are negatively layered.
    5. The price action is trading beneath the averages.

    Alternative counter trend bullish factors:
    1. The price action is becoming extended from the averages.

    Scenario 1
    As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities.

    Scenario 2
    Alternatively as the price action is trading below the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages.



    Daily Technical Analysis for USDJPY as at 21st August 2013

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



    Comments

    USDJPY is this morning trading higher from the open after yesterdays down day.

    This morning USDJPY is trading within 6 day range as it consolidates around the 8 period moving averages. A failure to break significantly below this average could propel USDJPY back up to the Fibonacci resistance area.

    We are monitoring the potential for further negative rotation and return to the down trend.

    In terms of the bigger picture the swing bias is negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias remains negative.
    2. The moving averages have crossed negatively.
    3. The price action has broken below the significant 100 level.
    4. The RSI is confirming the move.
    5. The price action has managed to break below the upward sloping trend line.
    6. Fibonacci resistance is offering down side pressure.
    Alternative counter trend bullish factors:
    1. The weekly time remains with a positive bias.
    2. The price action is trading above the 8 period moving averages.

    Scenario 1
    As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

    Scenario 2
    Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages.



    Daily Technical Analysis for Gold as at 21st August 2013

    DAILY OVERVIEW

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



    Comments

    Gold is this morning trading lower from the open after yesterdays up day.

    Gold continues to trade above the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence. However the price action is now becoming extended from the averages.

    In terms of the bigger picture the swing bias has reversed to positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. The price action has printed a higher low.
    3. The moving averages are layered positively.
    4. The price action is trading above the averages.
    5. The price action is trading above the 1322 support level.
    6. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.
    2. The price action is trading within the Fibonacci resistance zone.
    3. The price action is extended from the averages.

    Scenario 1
    As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities.

    Scenario 2
    Alternatively the price action is extended from the averages which could offer shorting opportunities.



    Daily Technical Analysis for Oil (WTI) as at 21st August 2013

    DAILY OVERVIEW

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



    Comments
    Oil is this morning trading lower from the open after yesterdays down day.
    Following the down spike and lower low of the 8th August WTI has failed to print a higher high. In fact the current price action with Oil breaching and trading beneath the 34 period moving averages might indicate a lower high could be printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish consolidation flag.

    In terms of the bigger picture the swing bias remains negative.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.

    Alternative counter trend bullish factors:
    1. The prior down spike has been reversed.
    2. The price action is trading above the averages.
    3. The averages are layered positively.
    4. The price action is forming a possible corrective zigzag consolidation pattern.
    5. The price action is trading above the large monthly converging triangle.
    6. The weekly RSI diverging positively.

    Scenario 1
    As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities.

    Scenario 2
    Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high.

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