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Thread: Daily Technical Analysis from ACFX

  1. #121

    Default

    Daily Technical Analysis from ACFX 09/04/2013

    Daily Technical Analysis for EURUSD as at 4th September 2013

    DAILY OVERVIEW

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



    Comments
    EURUSD is this morning trading lower from the open after Yesterdays down day.
    This morning EURUSD continues to trade lower. The swing bias has turned negative and this has been confirmed by the averages also crossing negatively.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages yesterdays bullish hammer candle could be the first signs that the market is attempting to put in a base.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative..
    2. The price action has breached trend line support.
    3. The price action has broken beneath the averages.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.

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

    Scenario 2
    Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move.



    Daily Technical Analysis for GBPUSD as at 4th September 2013

    DAILY OVERVIEW

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



    Comments

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

    GBPUSD bounced off the 34 period moving averages and is this morning trading above 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 bouncing off 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. GBPUSD is approaching Fibonacci resistance.

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

    Scenario 2
    Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low.



    Daily Technical Analysis for USDCHF as at 4th September 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 continues to trade higher with the averages attempting to cross positively. However on a swing bases the trend is down. A breach of the prior swing low would confirm the negative swing bias and a breach of the prior swing high would effectively change the trend to long.

    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. The price has corrected but there is potential for an extended move past the 34 period moving averages.
    2. Support is holding.

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

    Scenario 2
    Alternatively as there has been a breach of the 34 period moving averages there is potential for a move to prior swing high.



    Daily Technical Analysis for USDJPY as at 4th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up.

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level could offer a barrier to further upside movement.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.



    Daily Technical Analysis for Gold as at 4th September 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.

    Following the printing of the hammer candle Gold broke higher of the averages. We are monitoring the price action for a potential move to the prior swing high.

    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.

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

    Scenario 2
    Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages.



    Daily Technical Analysis for Oil (WTI) as at 4th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays up day.
    Yesterday Oil experienced a positive session as it bounced aggressively of the 34 period moving averages. We are monitoring a potential move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is forming a possible corrective zigzag consolidation pattern.
    6. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

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

    Scenario 2
    Alternatively trading this pair could offer short term scalping opportunities back to the averages.

  2. #122

    Default Daily Technical Analysis from ACFX 09/05/2013

    Daily Technical Analysis from ACFX 09/05/2013


    Daily Technical Analysis for EURUSD as at 5th September 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.
    EURUSD yesterday experienced a minor retracement however this morning the price action has opened negatively and reversed most of yesterday’s gains. We are monitoring the potential for further downward momentum.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative..
    2. The price action has breached trend line support.
    3. The price action has broken beneath the averages.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.

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

    Scenario 2
    Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move.



    Daily Technical Analysis for GBPUSD as at 5th September 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.

    GBPUSD bounced off the 34 period moving averages. We are monitoring a potential move to the prior swing high.

    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 bouncing off 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. GBPUSD is approaching Fibonacci resistance.

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

    Scenario 2
    Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low.




    Daily Technical Analysis for USDCHF as at 5th September 2013

    DAILY OVERVIEW

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



    Comments

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

    This morning’s strong bullish open has resulted in a breach of the previous swing high and in the process changed the trend on a swing bases from down to up. The positive cross of the averages is confirming this bias.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bullish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively as the price action is becoming extended from the averages there is potential for corrective down to sideways movement.



    Daily Technical Analysis for USDJPY as at 5th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up.

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level could offer a barrier to further upside movement.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.



    Daily Technical Analysis for Gold as at 5th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Following the printing of the hammer candle Gold broke higher off the averages. We are monitoring the price action for a potential move to the prior swing high.

    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.

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

    Scenario 2
    Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages.



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

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading unchanged from the open after yesterdays down day.
    Oil experienced a positive session as it bounced aggressively of the 34 period moving averages. We are monitoring a potential move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is forming a possible corrective zigzag consolidation pattern.
    6. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

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

    Scenario 2
    Alternatively trading this pair could offer short term scalping opportunities back to the averages.

  3. #123

    Default

    Daily Technical Analysis from ACFX 09/06/2013

    Daily Technical Analysis for EURUSD as at 6th September 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.
    EURUSD yesterday traded up to the 8 period moving where resistance was found. This currency pair was ultimately repelled from this level and in the process was pushed into making a new low.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative..
    2. The price action has breached trend line support.
    3. The price action has broken beneath the averages.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.

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

    Scenario 2
    Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move.



    Daily Technical Analysis for GBPUSD as at 6th September 2013

    DAILY OVERVIEW

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



    Comments

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

    GBPUSD bounced off the 34 period moving averages. We are monitoring a potential move to the prior swing high.

    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 bouncing off 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. GBPUSD is approaching Fibonacci resistance.

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

    Scenario 2
    Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low.



    Daily Technical Analysis for USDCHF as at 6th September 2013

    DAILY OVERVIEW

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



    Comments

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

    The strong upward momentum continued yesterday as USDCHF trades up to the Fibonacci resistance. As the price action is getting extended from the averages we are monitoring USDCHF for possible negative rotation.

    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 RSI is in gear with the move.
    3. The averages are positively layered.
    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively as the price action is becoming extended from the averages there is potential for corrective down to sideways movement.



    Daily Technical Analysis for USDJPY as at 6th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up.

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level could offer a barrier to further upside movement.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.




    Daily Technical Analysis for Gold as at 6th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Gold continues to experience a corrective retracement as it trades between the averages. We are monitoring the price action for a potential move to the prior swing high.

    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.

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

    Scenario 2
    Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area.




    Daily Technical Analysis for Oil (WTI) as at 6th September 2013

    DAILY OVERVIEW

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



    Comments
    Oil is this morning trading unchanged from the open after yesterdays up day.
    Oil continues to trade around the moving averages. We are monitoring a potential move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is forming a possible corrective zigzag consolidation pattern.
    6. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

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

    Scenario 2
    Alternatively trading this pair could offer short term scalping opportunities back to the averages.

  4. #124

    Default Daily Technical Analysis from ACFX 09/09/2013

    Daily Technical Analysis from ACFX 09/09/2013

    Daily Technical Analysis for EURUSD as at 9th September 2013

    DAILY OVERVIEW

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



    Comments
    EURUSD is this morning trading higher from the open after Fridays up day.
    EURUSD once again is trading up to the 8 period moving. We are monitoring the price for any signs of resistance at this levels which could ultimately push EURUSD lower.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action has breached trend line support.
    3. The price action has broken beneath the averages.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.

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

    Scenario 2
    Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move.




    Daily Technical Analysis for GBPUSD as at 9th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Following the bounce off the off the 34 period moving averages GBPUSD continues to trade higher. We are monitoring a potential move to the prior swing high.

    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 bouncing off 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. GBPUSD is approaching Fibonacci resistance.

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

    Scenario 2
    Alternatively a sustained break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages.




    Daily Technical Analysis for USDCHF as at 9th September 2013

    DAILY OVERVIEW

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



    Comments

    USDCHF is this morning trading lower from the open after Fridays down day

    On Friday USDCHF traded down to the averages where support came into the market. If support does hold we will monitor a potential move to Fibonacci resistance. Alternatively a breach of the 8 period moving averages will focus our attention on a possible move to the 34 period moving averages.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively a breach of the 8 period moving averages could potential see USDCHF trade down to the 34 period moving averages.



    Daily Technical Analysis for USDJPY as at 9th September 2013

    DAILY OVERVIEW

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



    Comments

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

    On Friday USDJPY experienced a corrective downwards move to the 8 period moving averages where support was found. This morning USDJPY has opened with an upside gap.

    Although the market continues to have a positive bias the rejection of both Fibonacci resistance and the 100 level has been noted.

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level could offer a barrier to further upside movement.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.



    Daily Technical Analysis for Gold as at 9th September 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 has bounced off the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high.

    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 1322 support level.
    5. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

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

    Scenario 2
    Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area.



    Daily Technical Analysis for Oil (WTI) as at 9th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading unchanged from the open after Fridays up day.
    Oil on Friday bounced aggressively off the moving average support area. We are monitoring a potential move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is forming a possible corrective zigzag consolidation pattern.
    6. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

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

    Scenario 2
    Alternatively trading this pair could offer short term scalping opportunities back to the averages.

  5. #125

    Default Daily Technical Analysis from ACFX 09/10/2013

    Daily Technical Analysis from ACFX 09/10/2013


    Daily Technical Analysis for EURUSD as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

    EURUSD is this morning trading higher from the open after yesterdays up day.
    EURUSD has broken through the 8 period moving and has traded up to the 34 period moving averages and Fibonacci resistance. We are monitoring the price for any signs of negativity at this levels which could ultimately push EURUSD lower.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance.
    3. The price action is trading at Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

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

    GBPUSD yesterday breached prior swing high and is now trading deep into Fibonacci resistance. We are monitoring the price action for continued positive momentum.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. 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.

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDCHF has traded down to Fibonacci support. A breach of this area would focus our attention on a move to the previous swing low. However the swing bias is up and therefore our attention for the moment continues to have a slightly positive bias.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively a breach of the 8 period moving averages could potential see USDCHF trade down to the 34 period moving averages.



    Daily Technical Analysis for USDJPY as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Following Friday’s corrective downwards move to the 8 period moving averages USDJPY is experiencing a moderate bounce. We are monitoring a potential breach of the 100 level. However the price action continues to trade within Fibonacci resistance

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level could offer a barrier to further upside movement.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.



    Daily Technical Analysis for Gold as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Gold has bounced off the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high.

    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 1322 support level.
    5. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

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

    Scenario 2
    Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area.



    Daily Technical Analysis for Oil (WTI) as at 10th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays down day.
    Following the strong bounce off moving average support area Oil failed to maximize its gain and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively trading this pair could offer short term scalping opportunities back to the averages.

  6. #126

    Default Daily Market Outlook from ACFX 09/11/2013

    Daily Market Outlook from ACFX 09/11/2013

    Daily Technical Analysis for EURUSD as at 11th September 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.
    EURUSD has broken through the 8 period moving and has traded up to the 34 period moving averages and Fibonacci resistance. We are monitoring the price action for any signs of negativity at this levels which could ultimately push EURUSD lower.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance.
    3. The price action is trading at Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 11th September 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.

    GBPUSD continues to trade deep into Fibonacci resistance. We are monitoring the price action for continued positive momentum. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. 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.

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 11th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDCHF has bounced off Fibonacci support. We are monitoring a potential move to the previous swing high.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively a breach of the 34 period moving averages could see USDCHF move in the direction of the prior swing low.



    Daily Technical Analysis for USDJPY as at 11th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDJPY has continued to move higher following bouncing off the 8 period moving averages and has breached the 100 level. However the price action continues to trade within Fibonacci resistance

    In terms of the bigger picture the swing bias has turned positive.

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading above the moving averages.
    6. The 100 level has been breached.
    7. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance could offer selling opportunities.



    Daily Technical Analysis for Gold as at 11th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Gold is finding support at the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high.

    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 1322 support level.
    5. The RSI is in gear with the move.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

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

    Scenario 2
    Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area.


    Daily Technical Analysis for Oil (WTI) as at 11th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays down day.
    Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively a breach of current support could see Oil trade down to the previous swing low.

  7. #127

    Default Daily Technical Analysis from ACFX 09/12/2013

    Daily Technical Analysis from ACFX 09/12/2013


    Daily Technical Analysis for EURUSD as at 12th September 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 continued to move further into the Fibonacci resistance area and is this morning trading above both averages and trend line resistance. That the swing bias is still negative and EURUSD has entered a potential Fibonacci sell zone we are monitoring the price action for any signs of negativity at this levels which could ultimately push this pair lower.

    However the weekly frame time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance which could be viewed as over bought.
    3. The price action is trading within Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 12th September 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.

    GBPUSD yesterday experience an extremely good up day as it spiked through the high of the 17th June. The price action is now slamming into the 1.5825 area which is an important area of resistance which coincides with both a prior daily and weekly pivot swing low that was breached during recent collapse of GBPUSD.

    We are monitoring the price action for continued positive momentum. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. The price action is extended from the averages.
    3. The price action is trading into an area of resistance.

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

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 12th September 2013

    DAILY OVERVIEW

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



    Comments

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

    USDCHF continues bounced off Fibonacci support. We are monitoring a potential move to the previous swing high.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively a breach of the 34 period moving averages could see USDCHF move in the direction of the prior swing low.



    Daily Technical Analysis for USDJPY as at 12th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Yesterday USDJPY retrace to the 8 period moving averages and this negativity has continued this morning as the price action is now attempting to trade down to the 34 period moving averages. This move does coincide with a bounce off the 100 areas and Fibonacci resistance.

    We are monitoring the extent of this correction. If USDJPY does not breach the 28th August lows then there is potential of a higher low being printed prior to a further attempt being made on the 100 level. A breach of the 100 level will then focus our attention on the 101.50 level which coincides with a prior swing high. This could open the way for a potential move to the May 2013 highs as there will be cleared sky for this move to happen.

    However the current resistance levels are now in focus and we are monitoring the extent of any correction. A breach of the prior swing low would of course turn the swing bias negative.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading into the moving averages which could be viewed as oversold.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level is offering resistance.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance and the 100 level could offer selling opportunities down to the 34 period moving averages and prior swing low support.



    Daily Technical Analysis for Gold as at 12th September 2013

    DAILY OVERVIEW

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



    Comments

    Gold is this morning trading lower from the open after yesterday’s unchanged day.

    Gold this morning is experiencing a broader correction as it trades lower. The move thus far has breached the 34 period moving averages and has importantly entered into a potential Fibonacci buy zone. We are monitoring the price action for a potential bounce off these levels and a subsequent move to the prior swing high.

    However if the correction gains momentum there is a possibility that Gold attempts to breach the prior pivot swing low which will effectively change the trend to short.

    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 1322 support level.
    5. The RSI is in gear with the move.
    6. The price action has entered Fibonacci support.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

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

    Scenario 2
    Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area.



    Daily Technical Analysis for Oil (WTI) as at 12th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays up day.
    Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively a breach of current support could see Oil trade down to the previous swing low.

  8. #128

    Default Daily Technical Analysis from ACFX 09/13/2013

    Daily Technical Analysis from ACFX 09/13/2013


    Daily Technical Analysis for EURUSD as at 13th September 2013

    DAILY OVERVIEW

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



    Comments

    EURUSD is this morning trading lower from the open after yesterdays down day.
    Yesterday EURUSD found resistance within the Fibonacci area and is this negativity has continued into this morning’s session. As the swing bias is still negative we are monitoring a potential move to the area of the prior swing low.

    However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance which could be viewed as over bought.
    3. The price action is trading within Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 12th September 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.

    GBPUSD continues to find resistance at the 1.5825 level. This level coincides with both a prior daily and weekly pivot swing low that was breached during recent collapse of GBPUSD.

    We are monitoring the price action for continued positive momentum. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. The price action is extended from the averages.
    3. The price action is trading into an area of resistance.

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

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 13th September 2013

    DAILY OVERVIEW

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



    Comments

    USDCHF is this morning trading higher from the open after yesterday’s unchanged day

    USDCHF continues bounced off Fibonacci support. We are monitoring a potential move to the previous swing high.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively a breach of the 34 period moving averages could see USDCHF move in the direction of the prior swing low.



    Daily Technical Analysis for USDJPY as at 13th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Following a downward correction USDJPY continues to trade around the 8 period moving averages. It would appear the 100 area and Fibonacci resistance is continuing to hold back further upward momentum albeit at least for the time being.

    We are monitoring the extent of this correction. If USDJPY does not breach the 28th August lows then there is potential of a higher low being printed prior to a further attempt being made on the 100 level. A breach of the 100 level will then focus our attention on the 101.50 level which coincides with a prior swing high. This could open the way for a potential move to the May 2013 highs as there will be cleared sky for this move to happen.

    However the current resistance levels are now in focus and we are monitoring the extent of any correction. A breach of the prior swing low would of course turn the swing bias negative.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading into the moving averages which could be viewed as oversold.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level is offering resistance.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively Fibonacci resistance and the 100 level could offer selling opportunities down to the 34 period moving averages and prior swing low support.



    Daily Technical Analysis for Gold as at 13th September 2013

    DAILY OVERVIEW

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



    Comments

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

    The downward correction of Gold has continued with yesterdays move down being very strong. However Gold continues to have a positive swing bias. As the price action is now trading deep into Fibonacci support and extended from the averages we will monitor the strength of any bounce.

    If the correction gains momentum there is a possibility that Gold attempts to breach the prior pivot swing low which will effectively change the trend to short.

    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 1322 support level.
    5. The RSI is in gear with the move.
    6. The price action has entered Fibonacci support.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

    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 breach of the 34 moving averages could see Gold trade down to the 1300 area.



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

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays up day.
    Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively a breach of current support could see Oil trade down to the previous swing low.

  9. #129

    Default Daily Technical Analysis from ACFX 09/16/2013

    Daily Technical Analysis from ACFX 09/16/2013


    Daily Technical Analysis for EURUSD as at 16th September 2013

    DAILY OVERVIEW

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



    Comments

    EURUSD is this morning trading unchanged from the open after Fridays down day.
    This morning EURUSD has gapped higher on the open and is now trading deep within the Fibonacci resistance area. This upside gap could be an indication that EURUSD is attempting to turn positive which would be in line with the current weekly trend.

    However as the swing bias is still negative we are monitoring a potential move to the area of the prior swing low.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance which could be viewed as over bought.
    3. The price action is trading within Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 16th September 2013

    DAILY OVERVIEW

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



    Comments

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

    This morning GBPUSD has opened with an upside gap and broken through the 1.5825 resistance level.

    We are monitoring the price action for continued positive momentum and a potential move to trend line resistance. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. The price action is extended from the averages.
    3. The price action is approaching trend line resistance.

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

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 16th September 2013

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



    Comments

    USDCHF is this morning trading higher from the open after Friday’s down day

    This morning USDCHF has opened with a downside gap and is now trading deep within Fibonacci support and approaching horizontal support. If support can hold then we will monitor a possible move to the prior swing high.

    However a breach of support could see USDCHF trade towards the prior swing low.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively as the 34 period moving averages as been breached could now see USDCHF move in the direction of the prior swing low.



    Daily Technical Analysis for USDJPY as at 16th September 2013

    DAILY OVERVIEW

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



    Comments

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

    This morning USDJPY has opened with a downside gap near to the 34 period moving averages. We are monitoring the price to see if support can hold prior to a retest of the 100 level.

    However a breach of the 34 period moving averages could see USDJPY trading down towards the prior swing low.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading into the moving averages which could be viewed as oversold.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level is offering resistance.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively a breach of the 34 period moving averages could offer a shorting opportunity to the prior swing low.



    Daily Technical Analysis for Gold as at 16th September 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 has experienced a broad downside correction and is now trading deep into Fibonacci support. Friday Gold tried to trade lower but support came into the market. This can be seen by the formation of bullish hammer candle. We are monitoring the price action for a potential move to the prior swing high.

    However if the correction gains momentum there is a possibility that Gold attempts to breach the prior pivot swing low which will effectively change the trend to short.

    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 1322 support level.
    5. The RSI is in gear with the move.
    6. The price action has entered Fibonacci support.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

    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 breach of the 34 moving averages could see Gold trade down to the 1300 area.



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

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading higher from the open after Fridays down day.
    Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively a breach of current support could see Oil trade down to the previous swing low.

  10. #130

    Default Daily Technical Analysis from ACFX 09/17/2013

    Daily Technical Analysis from ACFX 09/17/2013


    Daily Technical Analysis for EURUSD as at 17th September 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.
    After attempting to back fill yesterdays upside gap EURUSD is this morning trading higher. This positive price activity is in line with the uptrend that is found on the weekly time frame. We are currently monitoring the possibility that EURUSD either trades up to and breaches the prior swing high or attempts to print a higher low prior to trading higher.

    However as the swing bias is still negative we are monitoring a potential move to the area of the prior swing low.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is negative.
    2. The price action is trading at moving average resistance which could be viewed as over bought.
    3. The price action is trading within Fibonacci resistance.
    4. The averages have crossed negatively.
    5. The RSI is showing signs of negative divergence.

    Alternative counter trend bullish factors:
    1. The weekly time frame has a positive swing bias.
    2. The price action has breached trend line resistance.

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

    Scenario 2
    Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high.



    Daily Technical Analysis for GBPUSD as at 17th September 2013

    DAILY OVERVIEW

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



    Comments

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

    After attempting to back fill yesterdays upside gap GBPSD is this morning trading higher. This morning GBPUSD has opened and continues to trade above the 1.5825 support level.

    We are monitoring the price action for continued positive momentum and a potential move to trend line resistance. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility.

    In terms of the bigger picture 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 has bounced off positively layered averages.
    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.

    Alternative counter trend bearish factors:
    1. GBPUSD is trading within Fibonacci resistance.
    2. The price action is extended from the averages.
    3. The price action is approaching trend line resistance.

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

    Scenario 2
    Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available.



    Daily Technical Analysis for USDCHF as at 17th September 2013

    DAILY OVERVIEW

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



    Comments

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

    This morning USDCHF is attempting to fill its downside gap but is finding some initial resistance at the 34 period moving averages. If this resistance can be breached there is a possibility that USDCHF bounces off Fibonacci support and trade in the direction of the prior swing high.

    However a breach of the 0.9200 support area could see USDCHF trade towards the prior swing low.

    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 RSI is in gear with the move.
    3. The averages are positively layered.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to have a negative bias.

    Scenario 1
    As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities.

    Scenario 2
    Alternatively as the 34 period moving averages as been breached could now see USDCHF move in the direction of the prior swing low.




    Daily Technical Analysis for USDJPY as at 17th September 2013

    DAILY OVERVIEW

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



    Comments

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

    This morning USDJPY filled its downside gap following yesterdays printing of a bullish hammer candle.
    We are monitoring the price to see if support can hold prior to a retest of the 100 level.

    However a breach of the 34 period moving averages could see USDJPY trading down towards the prior swing low.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias positive.
    2. The price action has printed a higher low.
    3. The price action has breached the upper trend line of a converging triangle.
    4. The moving averages have crossed positively.
    5. The price action is trading into the moving averages which could be viewed as oversold.
    6. The RSI is confirming the move.

    Alternative counter trend bearish factors:
    1. The 100 level is offering resistance.
    2. Fibonacci resistance could offer down side pressure.

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

    Scenario 2
    Alternatively a breach of the 34 period moving averages could offer a shorting opportunity to the prior swing low.




    Daily Technical Analysis for Gold as at 17th September 2013

    DAILY OVERVIEW

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



    Comments

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

    Gold has experienced a broad downside correction and is now trading deep into Fibonacci support. We are monitoring the price action for a potential move to the prior swing high.

    However if the correction gains momentum there is a possibility that Gold attempts to breach the prior pivot swing low which will effectively change the trend to short.

    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 1322 support level.
    5. The RSI is in gear with the move.
    6. The price action has entered Fibonacci support.

    Alternative counter trend bearish factors:
    1. The weekly time frame continues to point down.

    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 breach of the 34 moving averages could see Gold trade down to the 1300 area.



    Daily Technical Analysis for Oil (WTI) as at 17th September 2013

    DAILY OVERVIEW

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



    Comments

    Oil is this morning trading lower from the open after yesterdays down day.
    Oil continues to trade within the 104.80 to 110.70 range. The price action within this range has been very choppy. Although there is a prominent RSI negative divergence, the move down thus far has been weak. Furthermore the weak correction corresponds with a positive hidden divergence of the RSI which could potentially indicate that the uptrend will stay intact.

    As the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high.

    A breach of the prior swing low will reverse the trend to short.

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

    The following factors are confirming or reinforcing this market bias:
    1. The swing bias is positive.
    2. Oil is trading above the averages.
    3. The prior down spike has been reversed.
    4. The averages are layered positively.
    5. The price action is trading above the large monthly converging triangle.

    Alternative counter trend bearish factors:
    1. The weekly RSI diverging negatively.

    Scenario 1
    As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

    Scenario 2
    Alternatively a breach of current support could see Oil trade down to the previous swing low.

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