Page 15 of 60 FirstFirst ... 5131415161725 ... LastLast
Results 141 to 150 of 597
  60 60 Attachment(s)    

Thread: Daily Technical Analysis from ACFX

  1. #141

    Default

    Daily Technical Analysis from ACFX 10/18/2013


    Daily Technical Analysis for EURUSD as at 18th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD experienced a stellar up day as it broke up from the 1.3470 and 8 period moving averages support level. This morning EURUSD is attempting to trade up to the 1.3710 resistance level which is a previous weekly pivot high.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend. Furthermore yesterday’s move has invalidated the bearish Head and Shoulders top.

    However as EURUSD is now greatly extended from the averages it would not be a surprise if the price action experiences corrective down to sideways movement.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the current long term target being the 1.3710 resistance level.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities being offered down to these averages.


    Daily Technical Analysis for GBPUSD as at 18th October 2013

    DAILY OVERVIEW

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



    Comments

    Much like EURUSD yesterday GBPUSD also had a very strong up day and traded a much greater range than usual as it broke up from its averages and trend line support. This morning GBPUSD continues to trade higher albeit at a slower pace which is most probably not unusual after such a strong previous day.

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames and has now bounced off trend line support and the 34 period moving averages following its move down off multiyear trend line resistance. If GBPUSD can continue with its up move there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.


    Daily Technical Analysis for USDCHF as at 18th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDCHF continued with it’s downwards movement that was seen in the open as it rapidly collapsed off the resistance area that was offered by the averages. The down move was stopped at the 0.9020 area which was identified in yesterdays analysis.

    On a swing bases the trend continues to be negative with support areas being 0.9020 and 0.8930.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively a failure to hold beneath the 8 period moving averages could see USDCHF trade back up to the 34 period moving averages.



    Daily Technical Analysis for USDJPY as at 18th October 2013

    DAILY OVERVIEW

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



    Comments

    As posted yesterday USDJPY continues to trade within a converging triangle formation but is now retracing and trading higher following the breach of the 96.80 level which coincided with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively a move above the converging triangle opens up a possibility of buying USDJPY with the view of participating in a large linear uptrend.

  2. #142

    Default

    Daily Technical Analysis from ACFX 10/21/2013

    Daily Technical Analysis for EURUSD as at 21st October 2013

    DAILY OVERVIEW

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



    Comments

    On Friday EURUSD traded at the highs of the latest up leg in what was a very quiet London and New York session which failed to break the key 1.3710 resistance level. This morning’s open has thus far been extremely quiet.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend. Furthermore the last up move has invalidated the bearish Head and Shoulders top scenario.

    However as EURUSD is now greatly extended from the averages it would not be a surprise if the price action experiences corrective down to sideways movement.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the current long term target being the 1.3710 resistance level.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities being offered down to these averages.


    Daily Technical Analysis for GBPUSD as at 21st October 2013

    DAILY OVERVIEW

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



    Comments

    On Friday GBPUSD experience a very quiet day as it continued to find resistance off trend lines that where identified previously. This morning this theme has continued with GBPUSD opening unchanged.

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames following the bounce off both trend line and the 34 period moving averages support. If GBPUSD can continue with its upward bias there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.


    Daily Technical Analysis for USDCHF as at 21st October 2013

    DAILY OVERVIEW

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



    Comments

    Following USDCHF rapid collapse off moving average resistance further downward momentum was halted at the 0.9020 resistance level. On Friday USDCHF experienced a quiet session which saw this pair fail to make a substantial move beneath the 0.09020 level. This morning USDCHF is making a moderate bounce off this support area however it is too early in the session to predict if this is an attempt for USDCHF to print a higher low swing.

    On a swing bases the trend continues to be negative with support areas being 0.9020 and 0.8930.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively a failure to hold beneath the 8 period moving averages could see USDCHF trade back up to the 34 period moving averages.


    Daily Technical Analysis for USDJPY as at 21st October 2013

    DAILY OVERVIEW

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



    Comments

    Thursday’s price action saw USDJPY reject both Fibonacci and moving average resistance and in the process traded lower from these levels. However the price action on Friday was muted and this theme has so far continued into this morning’s session.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle formation but is now retracing and trading higher following the breach of the 96.80 level which coincided with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively a move above the converging triangle opens up a possibility of buying USDJPY with the view of participating in a large linear uptrend.

  3. #143

    Default

    Daily Technical Analysis from ACFX 10/22/2013


    Daily Technical Analysis for EURUSD as at 22nd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday closed near to its open and under the key resistance level. This morning open has thus far been negative as EURUSD trades away from the 1.3710 level.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend. Furthermore the last up move has invalidated the bearish Head and Shoulders top scenario.

    However as EURUSD is now greatly extended from the averages it would not be a surprise if the price action experiences corrective down to sideways movement.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the current long term target being the 1.3710 resistance level.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities being offered down to these averages.


    Daily Technical Analysis for GBPUSD as at 22nd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday GBPUSD traded lower off trend line resistances and this move lower continued through to this morning’s session

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames following the bounce off both trend line and the 34 period moving averages support. If GBPUSD can continue with its upward bias there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.


    Daily Technical Analysis for USDCHF as at 22nd October 2013

    DAILY OVERVIEW

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



    Comments

    The 0.9020 level continues to offer support to USDCHF as it closed for the third day around this level. This morning there has been a positive open off this level. We are monitoring the possibility that USDCHF either breaks the 0.9020 level or trades up to 8 period moving averages.

    On a swing bases the trend continues to be negative with support areas being 0.9020 and 0.8930.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively we are monitoring a possible move to the 8 period moving averages.


    Daily Technical Analysis for USDJPY as at 22nd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USD closed slightly higher as it hugged the 8 period moving averages whilst trading beneath Fibonacci resistance. This theme has so far continued into this morning’s session.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle formation but is now retracing and trading higher following the breach of the 96.80 level which coincided with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively a move above the converging triangle opens up a possibility of buying USDJPY with the view of participating in a large linear uptrend.

  4. #144

    Default

    Daily Technical Analysis from ACFX 10/23/2013


    Daily Technical Analysis for EURUSD as at 23rd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD broke through and closed well above the key 1.3710 resistance level. This breach now puts into play a possible move to the 1.4250 area being last obvious isolated high on both daily and weekly charts. In the short term the next obvious resistance level is the 1.3835 being a prior weekly isolated low. A further advance will of course take EURUSD into a broad area of resistance that coincides with the 2011 highs.

    This morning EURUSD has opened negatively which is not a surprise as the price action is now very extended from its averages. We are monitoring the possibility of further corrective down to sideways movement however a break above yesterdays high could potentially indicate a further strong appreciation in EURUSD.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities. However after such a strong impulse move there is further potential for EURUSD to continue to trade above daily and minor 4 and 1 hour isolated high pivots.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities with potential targets being the 1.3710 level and then the averages.



    Daily Technical Analysis for GBPUSD as at 23rd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday GBPUSD traded higher but failed to close above trend line resistance. This morning GBPUSD attempted to continue with the upward momentum but ultimately this move above the trend line resistance also failed. Subsequently GBPUSD has traded lower. However this retracement has thus far not reversed all of yesterday gains with the pullback pairing some 60% of the up thrust if taken from the bottom of yesterday’s lows. This of course is a potential obvious Fibonacci support level.

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames following the bounce off both trend line and the 34 period moving averages support. If GBPUSD can continue with its upward bias there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.



    Daily Technical Analysis for USDCHF as at 23rd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDCHF broke down aggressively from the 0.9020 support. This morning the 0.8930 support level is in play as the price action hovers above this area.

    On a swing bases the trend continues to be negative with support areas being 0.9020 and 0.8930.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively USDCHF could potentially bounce off the 0.8930 area and trade back up to 0.9020.



    Daily Technical Analysis for USDJPY as at 23rd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDJPY continued to hug the moving averages whilst trading beneath Fibonacci resistance. This morning USDJPY has traded strongly down from this area and is approaching the bottom of the converging triangle.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle formation but is now retracing and trading higher following the breach of the 96.80 level which coincided with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively a move above the converging triangle opens up a possibility of buying USDJPY with the view of participating in a large linear uptrend.

  5. #145

    Default Daily Technical Analysis from ACFX 10/24/2013

    Daily Technical Analysis from ACFX 10/24/2013


    Daily Technical Analysis for EURUSD as at 24th October 2013

    DAILY OVERVIEW

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



    Comments

    Following the break of the key 1.3710 resistance level yesterday EURUSD struggle to make any further advances as it closed near the high of Tuesday’s candle. This morning we are seeing some initial buying pressure come into the market as EURUSD trades above Tuesday’s candle.

    The breach of the 1.3710 level now puts into play a possible move to the 1.4250 area being last obvious isolated high on both daily and weekly charts. In the short term the next obvious resistance level is the 1.3835 being a prior weekly isolated low. A further advance will of course take EURUSD into a broad area of resistance that coincides with the 2011 highs.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities. However after such a strong impulse move there is further potential for EURUSD to continue to trade above daily and minor 4 and 1 hour isolated high pivots.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities with potential targets being the 1.3710 level and then the averages.


    Daily Technical Analysis for GBPUSD as at 24th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday after initially trying to trade above trend line resistance GBPUSD lost upward moment and eventually traded beneath the previous day’s close. However by the end of the session GBPUSD did manage to pair some of its losses and closed above yesterdays open. This morning the positive close to yesterday’s session has continued with GBPUSD trading higher. We are monitoring GBPUSD for a possible further push above trend line resistance.

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames following the bounce off both trend line and the 34 period moving averages support. If GBPUSD can continue with its upward bias there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.


    Daily Technical Analysis for USDCHF as at 24th October 2013

    DAILY OVERVIEW

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



    Comments

    Following the breach of the 0.9020 level yesterday USDCHF also broke the 0.8930 support level.

    On a swing bases the trend continues to be negative with the next support area on a weekly swing pivot basis being at the 0.8570 area.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively USDCHF is becoming increasing extended from the averages. This sets up the possibility of a corrective sideways to up corrective pullback.


    Daily Technical Analysis for USDJPY as at 23rd October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDJPY traded down to the area near the bottom of converging triangle support. This morning we are seeing some initial strength at this level. We are awaiting the open of the London session for confirmation that USDJPY can trade higher.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively buying opportunities may arise at converging triangle trend line support.

  6. #146

    Default

    Daily Technical Analysis from ACFX 10/25/2013

    Daily Technical Analysis for EURUSD as at 25th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD traded higher and away from the now broken key 1.3710 resistance level. This morning we are seeing some initial buying pressure with EURUSD printing a new high. We are monitoring the price action so as to see if EURUSD can continue its advance.

    The breach of the 1.3710 level now puts into play a possible move to the 1.4250 area being last obvious isolated high on both daily and weekly charts. In the short term the next obvious resistance level is the 1.3835 being a prior weekly isolated low. A further advance will of course take EURUSD into a broad area of resistance that coincides with the 2011 highs.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend.

    Scenario 1
    As the dominant daily trend is up retracements into support could be viewed as buying opportunities. However after such a strong impulse move there is further potential for EURUSD to continue to trade above daily and minor 4 and 1 hour isolated high pivots.

    Scenario 2
    Alternatively as the price action is extended from the averages there may be a possibility of short scalping opportunities with potential targets being the 1.3710 level and then the averages.


    Daily Technical Analysis for GBPUSD as at 25th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday GBPUSD closed higher but within the range of the prior two sessions. This morning so far the price action is similar to yesterdays. It would appear that GBPUSD is being squeezed on all sides by resistance and support areas. The questions are

    1. Will GBPUSD break resistance or support first?
    2. Once broken can this currency pair maintain the move.
    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames following the bounce off both trend line and the 34 period moving averages support. If GBPUSD can continue with its upward bias there is a possibility that the 1.6400 area is challenged. This level coincides with a prior weekly pivot high.

    The long bias is reinforced by the RSI and the moving averages confirming the swing direction however as the price action is now extended from the averages the possibility of down to sideways corrective action should not be discounted.

    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 there is a possibility of corrective down to sideways action down to the averages.



    Daily Technical Analysis for USDCHF as at 25th October 2013

    DAILY OVERVIEW

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



    Comments

    Having breached both 0.9020 and 0.8930 support levels yesterday USDCHF printed a bullish hammer candle. As the price action is extended from the averages there is a possibility that USDCHF experiences an up to sideways correction.

    On a swing bases the trend continues to be negative with the next support area on a weekly swing pivot basis being at the 0.8570 area.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively USDCHF is becoming increasing extended from the averages. This sets up the possibility of a corrective sideways to up corrective pullback.


    Daily Technical Analysis for USDJPY as at 25th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDJPY experienced a brief pause as it printed a narrow range day. However this morning USDJPY has continued with it’s down trend with the price action having touched the converging triangle support. We are now monitoring the price action to see if USDJPY will either bounce off this level or break lower.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively buying opportunities may arise at converging triangle trend line support.

  7. #147

    Default

    Daily Technical Analysis from ACFX 10/29/2013


    Daily Technical Analysis for EURUSD as at 29th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD traded within the previous 2 days range as the price action consolidated at the highs of this strong up thrust. This morning we are seeing EURUSD trade back to the 8 period moving averages which is a potential value area where long positions could be entered. If this current level fails to hold support then the next value area is the 1.3710 level being a prior broken significant resistance level.

    The breach of the 1.3710 level now puts into play a possible move to the 1.4250 area being last obvious isolated high on both daily and weekly charts. In the short term the next obvious resistance level is the 1.3835 being a prior weekly isolated low. A further advance will of course take EURUSD into a broad area of resistance that coincides with the 2011 highs.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Furthermore the averages layered positively and the RSI is in gear with the trend.

    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 there may be a possibility of short scalping opportunities with potential targets being the 1.3710 level.


    Daily Technical Analysis for GBPUSD as at 29th October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday GBPUSD closed beneath both the 8 period moving averages and trend line support. This morning GBPUSD attempted to breach the 34 period moving averages only for support to come into the market and push the price action higher. I have now drawn a secondary trend line which connects most significant pivot points.

    On a swing bases GBPUSD continues to trend positively on both daily and weekly time frames. However the current price action would appear to be attempting to print a lower high. Therefore it is important for the health of the current uptrend for the price action to not trade beneath the 16th October isolated low. Furthermore if GBPUSD can trade above the isolated highs of the 23rd and 1st October then the 1.6400 target level that coincides with a prior weekly pivot high will come back into play.

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

    Scenario 2
    Alternatively a breach of trend line support could see GBPUSD trade down to 1.5893 being a prior isolated low that was printed on 16th October.


    Daily Technical Analysis for USDCHF as at 29th October 2013

    DAILY OVERVIEW

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



    Comments

    USDCHF has now printed two bullish hammers at the 0.8930 level. Yesterday USDCHF was propelled higher from this level and into the 8 period moving averages. This morning USDCHF is trading slightly higher. As the price action is now trading at the 8 period moving average value areas we are monitoring developments for signs of negative rotation that will push USDCHF back to the 0.8930 level.

    On a swing bases the trend continues to be negative with support areas on a weekly swing pivot basis being 0.8930 and 0.8570 areas.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

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


    Daily Technical Analysis for USDJPY as at 29th October 2013

    DAILY OVERVIEW

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



    Comments

    Following the bounce off trend line support yesterday USDJPY traded higher and into the 8 period moving averages. This morning the price action opened negatively at this level. This is significant as the 8 period moving averages could be considered a good area of both support and resistance. With this in mind the question is can USDJPY break down with significant force so as to validate to the short side the large converging triangle that has been forming since the May high or will triangle bottom act once again as strong support.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively buying opportunities may arise at converging triangle trend line support.

  8. #148

    Default Daily Technical Analysis from ACFX 10/31/2013

    Daily Technical Analysis from ACFX 10/31/2013


    Daily Technical Analysis for EURUSD as at 31st October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD opened and closed under the 8 period moving averages and this negativity has continued this morning with a breach of the 1.3710 support are. With support being in the area of trend line and 34 period moving averages it would not be unexpected to see the price action trading down to these levels. A move to this area would also coincide with 50 to 61.8 Fibonacci support area.

    However there appears to be a RSI positive divergence forming which would indicate that this corrective down move could lose momentum. This could lead the price action to flipping back up to the long side. The obvious question being do you start taking nibbles on the upside now or follow the market down to the support areas mentioned.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Upside targets 1.3710, 1.3835 and 1.4250 all being previous isolated highs.

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

    Scenario 2
    Alternatively as EURUSD is trading beneath the 8 period moving averages and the 1.3710 support level there is a possibility that the price action will correct further with targets being the area of trend line and 34 period moving averages.


    Daily Technical Analysis for GBPUSD as at 31st October 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday GBPUSD opened and closed beneath the 34 period moving averages and trend line support. This morning the price action is now trading deep into Fibonacci support.

    GBPUSD does continue to trade above the prior isolated low. Furthermore GBPUSD is now trading within the previous day’s range and a positive RSI divergence is forming. This may indicate that this squeeze in volatility will lead to an upside pop.

    However with the price action now printing a double top and trading beneath two broken trend lines there is also a probability that an attempt is made to breach the 16th October isolated low.

    On an intraday basis the H1 (1 hour) chart seems to be putting in a double bottom. Our focus for the time being is 1.6077 and 1.5997 being the previous day’s High and low with a breach of these levels potential indicating the today’s market direction.

    On a daily swing bases GBPUSD continues to trend positively on both daily and weekly time frames. However the current price action would appear to be attempting to print a lower high. Therefore it is important for the health of the current uptrend for the price action to not trade beneath the 16th October isolated low. Furthermore if GBPUSD can trade above the isolated highs of the 23rd and 1st October then the 1.6400 target level that coincides with a prior weekly pivot high will come back into play.

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

    Scenario 2
    Alternatively as there has been a breach of trend line there is a possibility of a move down to 1.5893 being a prior isolated low that was printed on 16th October.



    Daily Technical Analysis for USDCHF as at 31st October 2013

    DAILY OVERVIEW

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



    Comments

    Following the printing of two bullish hammers at the 0.8930 level USDCHF has experienced a good corrective retracement past the 8 period moving averages. This morning USDCHF continues to trade higher. As the price action is now trading above the 8 period moving average value areas we are monitoring developments for signs of negative rotation that will push USDCHF back to the 0.8930 level.

    However yesterday USDCHF did try to breach the 0.9020 level and a further attempt was made this morning. If USDCHF can overcome this level then the next target is the 34 period moving averages.

    On a swing bases the trend continues to be negative with support areas on a weekly swing pivot basis being 0.8930 and 0.8570 areas.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively a breach of the 0.9020 level could see USDCHF trade up to the 34 period moving averages.


    Daily Technical Analysis for USDJPY as at 31st October 2013

    DAILY OVERVIEW

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



    Comments

    Following the bounce off trend line support yesterday USDJPY traded higher and into the 34 period moving averages. This morning the price action opened negatively but continues to trade above this technical indicator. With USDJPY printing a higher low if the price action can now trade above the isolated high of the 17th October the swing bias will change to positive. However the current swing bias on the daily chart continues to be negative and this is confirmed by the negatively layered averages and downside pressure offered by Fibonacci resistance.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possible entered after further confirmation is received.

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

    Scenario 2
    Alternatively the printing of a higher lower and with the price action now trading above the 34 period moving averages could prompt USDJPY to trade up to the 17th October isolated high.

  9. #149

    Default Daily Technical Analysis from ACFX 11/01/2013

    Daily Technical Analysis from ACFX 11/01/2013


    Daily Technical Analysis for EURUSD as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday EURUSD traded aggressively lower as it broke through trend line support and finally closing at the 34 period moving averages. Yesterday’s negativity has followed through to this morning’s session with EURUSD opening and trading beneath the 34 period moving average and deep into Fibonacci support.

    After such a strong move down, the obvious focus goes onto the 16th October prior isolated low with. A move beneath this level will turn the daily swing bias to negativity. This scenario alone could give impetus for further down side movement.

    However there appears to be a RSI positive divergence forming which would indicate that this corrective down move could lose momentum. This could lead the price action to flipping back up to the long side. The obvious question being do you start taking nibbles on the upside now or follow the market down to the support areas mentioned.

    In terms of the daily trend the swing bias continues to be positive and this direction is being confirmed on the weekly time frame. Upside targets 1.3710, 1.3835 and 1.4250 all being previous isolated highs. Down side targets being the 16th October prior isolated low at 1.3470.

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

    Scenario 2
    Alternatively as EURUSD is trading beneath the 34 period moving averages and the 1.3710 support level there is a possibility that the price action will correct further to the 16th October prior isolated low.


    Daily Technical Analysis for USDCHF as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    Yesterday USDCHF experienced a stellar up day as it trade up and closed above the 34 period moving averages. This morning USDCHF has opened positively and we are now monitoring the potential for a move to trend line resistance.

    On a basis swing bases the trend continues to be negative. Furthermore USDCHF has now traded into Fibonacci resistance and a negative RSI divergence is forming. Therefore there is potential for negative rotation at these levels and a resumption of the down trend.

    The support and resistance areas on a weekly swing pivot basis being 0.9020 0.8930, 0.8570 and 0.9200.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively the breach of the 34 period moving averages could see USDCHF trade towards trend line resistance.


    Daily Technical Analysis for USDJPY as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    USDJPY yesterday failed to trade into Fibonacci resistance. This failure has followed through into this morning’s session with USDJPY trading lower. We are monitoring the price action to see if a potential down move can be held at trend line support. Furthermore as USDJPY has printed a higher low if the price action can now trade above the isolated high of the 17th October the swing bias will change to positive. However the current swing bias on the daily chart continues to be negative and this is confirmed by the negatively layered averages and downside pressure offered by Fibonacci resistance.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possibly entered after further confirmation is received.

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

    Scenario 2
    Alternatively the printing of a higher lower and with the price action now trading around the averages could prompt USDJPY to trade up to the 17th October isolated high.


    Daily Technical Analysis for Gold as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    Following the corrective rally Gold yesterday resumed its down trend by trading aggressively lower. This morning Gold has had thus far a very quiet open.
    On a daily both a daily and weekly swing basis Gold is trading negatively.

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

    Scenario 2
    Alternatively long scalping opportunities might arise as the price action become extended from the averages.



    Daily Technical Analysis for Oil (WTI) as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    Oil has traded lower following its correction and touch of the 8 period moving averages. Yesterday Oil continued with the downward momentum albeit at a slower pace. This morning the price action has opened positively.

    With the last isolated low of the 24th October being at the 95.93 Oil will need to breach of this level to continue with the down move. However Oil is now trading into a large weekly congestion area at around the 95.50 area therefore this support area needs to be overcome.

    The trend on a daily swing bias is short with the averages and the RSI confirming this direction. However as the weekly time frame remains positive the below congestion area might prove to be a strong support area.

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

    Scenario 2

    Alternatively one could possibly take scalp longs up to the averages.

  10. #150

    Default Daily Technical Analysis from ACFX 11/04/2013

    Daily Technical Analysis from ACFX 11/04/2013


    Daily Technical Analysis for EURUSD as at 4th November 2013

    DAILY OVERVIEW

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



    Comments

    On Friday EURUSD traded much lower as it broke down from trend line support and the 34 period moving averages. This morning EURUSD traded down to a lower trend line where buying came into the market.

    However this morning’s moves lower has breached the 16th October prior isolated low. This breach has effectively changed the daily trend from up to down.

    That the weekly time frame does continue to point up and the RSI is forming a positive divergence and with the price action this morning bouncing off support could give the market the excuse to bounce further. However unless the price action can take out a previous high the swing bias on the daily time frame will remain negative.

    Upside targets 1.3710, 1.3835 and 1.4250 all being previous isolated highs. Down side targets being the 6th September prior isolated low at 1.3104.

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

    Scenario 2
    Alternatively as EURUSD is trading at trend line support there is a possibility of a corrective bounce.



    Daily Technical Analysis for GBPUSD as at 4th November 2013

    DAILY OVERVIEW

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



    Comments

    On Friday GBPUSD traded much lower as it broke down from the 34 period moving averages and trend line support. This morning GBPUSD is making an attempt to breach the 16th October isolated low which would effectively change the trend to short. The moving averages have also crossed negatively which is an indication that the trend may change. However the RSI continues to for a positive divergence.

    On a daily swing bases GBPUSD continues to trend positively on both daily and weekly time frames. However the current price action would appear to be attempting to print a lower high. Therefore it is important for the health of the current uptrend for the price action to not trade beneath the 16th October isolated low. Furthermore if GBPUSD can trade above the isolated highs of the 23rd and 1st October then the 1.6400 target level that coincides with a prior weekly pivot high will come back into play.

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

    Scenario 2
    Alternatively as there has been a breach of trend line there is a possibility of a move down to 1.5893 being a prior isolated low that was printed on 16th October.


    Daily Technical Analysis for USDCHF as at 4th November 2013

    DAILY OVERVIEW

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



    Comments

    On Friday USDCHF traded much higher as it broke away from the 34 period moving averages. This morning USDCHF is trading towards the downward sloping trend line.

    On a basis swing bases the trend continues to be negative. Furthermore USDCHF has now traded into Fibonacci resistance and a negative RSI divergence is forming. Therefore there is potential for negative rotation at these levels and a resumption of the down trend.

    The support and resistance areas on a weekly swing pivot basis being 0.9020 0.8930, 0.8570 and 0.9200.

    Scenario 1
    As the dominant daily trend is down corrective pullbacks could possibly offer selling opportunities with retracements back to the averages, the prior pivot low and broken support being value areas where shorts could potentially be added.

    Scenario 2
    Alternatively the breach of the 34 period moving averages could see USDCHF trade towards trend line resistance.


    Daily Technical Analysis for USDJPY as at 1st November 2013

    DAILY OVERVIEW

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



    Comments

    On Friday USDJPY attempt to trade into Fibonacci resistance but ultimately failed to close inside this area. This morning’s open has been very quiet.

    As USDJPY has printed a higher low if the price action can now trade above the isolated high of the 17th October the swing bias will change to positive. However the current swing bias on the daily chart continues to be negative and this is confirmed by the negatively layered averages and downside pressure offered by Fibonacci resistance.

    In terms of the bigger picture USDJPY continues to trade within a converging triangle. However the breach of the 96.80 level coincides with a prior swing low. This breach of this pivot has effectively changed the trend to short on a swing basis.

    However the trend change to down maybe limited due to the strength of the uptrend’s that can be found in both Monthly and Weekly time frames. Therefore breaks of the converging triangle formation should be treated with care and possibly entered after further confirmation is received.

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

    Scenario 2
    Alternatively the printing of a higher lower and with the price action now trading around the averages could prompt USDJPY to trade up to the 17th October isolated high.


    Daily Technical Analysis for Gold as at 4th November 2013

    DAILY OVERVIEW

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



    Comments

    Gold on Friday continued to trade lower as it resumed with the prior down trend. This morning Gold has opened quietly and within Fridays range.
    On a daily both a daily and weekly swing basis Gold is trading negatively.

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

    Scenario 2
    Alternatively long scalping opportunities might arise as the price action become extended from the averages.



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

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



    Comments

    Oil on Friday broke the 95.50 support level and is now trading within a large prior congestion area.

    The trend on a daily swing bias is short with the averages and the RSI confirming this direction. However as the weekly time frame remains positive the below congestion area might prove to be a strong support area.

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

    Scenario 2
    Alternatively one could possibly take scalp longs up to the averages.

Similar Threads

  1. Daily Technical Analysis by PipSafe
    By PipSafe in forum Technical analysis
    Replies: 165
    Last Post: 04-14-2015, 20:20
  2. MAYZUS Daily Technical Analysis
    By MAYZUS.Neeraj in forum Technical analysis
    Replies: 69
    Last Post: 05-19-2014, 08:47
  3. Daily Market Outlook from ACFX
    By Atlas CapitalFx in forum Technical analysis
    Replies: 39
    Last Post: 10-03-2013, 13:53
  4. Daily Technical Analysis
    By dailyfxanalysis in forum Technical analysis
    Replies: 0
    Last Post: 04-22-2013, 06:14
  5. Daily Technical Analysis for Majors
    By FxTT in forum Technical analysis
    Replies: 0
    Last Post: 03-11-2012, 21:50

Tags for this Thread

100, 100 pips, 100% bonus, 2011, abc, adx, analysis, average, bonus, breakout, broker, candle, candlestick, change, channel, closing, commission, comparison, contest, correlation, currency pairs, daily analysis, demo, demo contest, divergence, equation, eur, eur/usd, eurusd, fibonacci, forecast, forex, forex trading, free, fundamentals, fx trading, gbpusd, german, gold, high, historical, home, how to, indicator, intraday, investment, japan, level, live, live account, long term, low, main, managed, mirror, moving average, mt4, news, offer, oscillator, pivot, price action, profit, rating, real, resistance, review, rsi, sales, scalp, scalping, short term, signal, simple, sma, squeeze, strategy, study, support, system, technical analysis, test, time, trader, trading, trading forex, trailing, trend, usd

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •