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Thread: Daily Technical Analysis from ACFX

  1. #171

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    Daily Technical Analysis from ACFX 12/05/2013

    Daily Technical Analysis for EURUSD as at 5th December 2013



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session slightly higher from its open whilst trading a 75 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle and horizontal congestion range.

    Focus on today
    This morning’s EURUSD has broken higher in early trading. EURUSD is now trading above the highs of the previous 6 trading sessions and is currently trading 40 pips above its intraday low and printed a large 60 pip daily range.
    AS EURUSD is trading within today’s high range which is 1.3600 to 1.3640, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels. Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels:
    EURUSD: 1.3523 1.3557, 1.3600, 1.3640.




    Daily Technical Analysis for GBPUSD as at 55h December2013



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session slightly lower from its open whilst trading an 83 pip range.
    The price action continues to have a positive daily swing bias and is currently trading around the 1.6400 area which appears to be a major resistance level.

    Focus on today
    This morning’s GBPUSD had been trading within a 12 pip range but has since broken higher over the past hour and is now trading 33 pips off its intraday low.
    As GBPUSD is trading within the yesterday’s high range which is 1.6368 to 1.6442. I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels:
    GBPUSD: 1.6132, 1.6174, 1.6368, 1.6442.




    Daily Technical Analysis for USDCHF as at 5th December 2013



    Yesterday’s summary
    Yesterday’s trading saw USDCHF close 21 pips lower from that day’s open whilst trading a 64 pip range.

    The price action continues to have a positive daily swing bias whilst trading within a bullish flag formation.

    Focus on today
    This morning’s USDCHF had been trading within a 7 pip range but has since broken down over the past 4 hours and is now trading 15 pips lower off its intraday high.

    As USDCHF is trading within the today’s low range which is 0.9010 to 0.8983, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels. Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels:
    USDCHF: 0.8983, 0.9010, 0.9084, 0.9110.




    Daily Technical Analysis for USDJPY as at 5th December 2013



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 18 pips lower from the previous day’s open whilst trading a 102 pip range.
    The price action continues to have a positive daily swing bias. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY had been trading within a 26 pip range but has since broken down over the past three hours and is now trading 58 pips lower off its intraday high.
    USDJPY is trading between the 101.13, 101.35 and 103.05, 103.38 intraday low to high ranges. I am currently monitoring a potential move into the 101.35 to 101.13 support area. Alternatively a failure to break into this lower range could see USDJPY trade back up to the 103.05 to 103.38 resistance range.

    Key intraday levels:
    USDJPY: 100.13, 101.35, 103.05, 103.38.

  2. #172

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    Daily Technical Analysis fro ACFX 12/06/2013


    Daily Technical Analysis for EURUSD as at 6th December 2013



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 75 pips higher from its open whilst trading a 135 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. However yesterday price action did manage to trade and close above the large horizontal congestion range. This could indicate that EURUSD will attempt to trade up to the 25th October high at 1.3832.

    Focus on today
    This morning’s EURUSD has broken lower in early trading. EURUSD is now trading below the low of the previous day’s high range of 1.3659 to 1.3678.

    As EURUSD is trading just below yesterday’s high range which is 1.3659 to 1.3678, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels:
    EURUSD: 1.3524 1.3557, 1.3659, 1.3678.




    Daily Technical Analysis for GBPUSD as at 6th December2013



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 48 pips lower from its open whilst trading a 104 pip range.
    The price action continues to have a positive daily swing bias and is currently trading under the 1.6400 area which appears to be a major resistance level but is finding support at the 8 period moving averages.

    Focus on today
    This morning’s GBPUSD had been trading within a 10 pip range but appears to attempting to break lower over the past 3 hours and is now trading 23 pips off its intraday high.

    GBPUSD is trading between the 1.6132/1.6174 and 1.6368/1.6442 low and high congestion zones. I am monitoring the potential for price action to break up or down to these ranges.

    Key intraday levels:
    GBPUSD: 1.6132, 1.6174, 1.6368, 1.6442.



    Daily Technical Analysis for USDCHF as at 6th December 2013



    Yesterday’s summary
    Yesterday’s trading saw USDCHF close 57 pips lower from that day’s open whilst trading a 94 pip range.

    The price action continues to have a positive daily swing bias but appears to be break lower from its bullish flag formation.

    Focus on today
    This morning’s EURUSD had been trading within a 20 pip range but appears to attempting to break out to the upside and is now trading 22 pips lower off its intraday low.

    As USDCHF is trading within the today’s low range which is 0.8956 to 0.8976, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels:
    USDCHF: 0.8956, 0.8976, 0.9084, 0.9110.



    Daily Technical Analysis for USDJPY as at 6th December 2013



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 59 pips lower from the previous day’s open whilst trading an 82 pip range.
    The price action continues to have a positive daily swing bias. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY had been trading within a 19 pip range but has since broken up over the past 4 hours and is now trading 57 pips lower off its intraday low.

    USDJPY is trading between the 101.13, 101.35 and 103.05, 103.38 intraday low to high ranges. I am currently monitoring a potential move into the 101.35 to 101.13 support area. Alternatively a failure to break into this lower range could see USDJPY trade back up to the 103.05 to 103.38 resistance range.

    Key intraday levels:
    USDJPY: 101.80, 102.36, 103.05, 103.38.

  3. #173

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    Daily Technical Analysis for 11th December 2013 from ACFX

    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 24 pips higher from its open whilst trading a 63 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle.

    However I am now seeing a acceleration to the upside following a break above the large horizontal congestion range. This could indicate that EURUSD will attempt to trade up to the 25th October high at 1.3832.

    Focus on today
    This morning’s EURUSD is trading below the previous day’s high within range and within a 24 pip early morning Tokyo session range. Furthermore currently EURUSD is also trading within the 1.3755 to 1.3795 resistance zone.
    AS EURUSD is trading within 1.3755/1.3795 range, I am monitoring the potential for this trading range to hold with the price action bouncing between these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3755, 1.3795


    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 16 pips higher from its open whilst trading a 48 pip range.
    The price action continues to have a positive daily swing bias and is currently trading above the 1.6400 resistance area following the bounce off the 8 period moving averages.

    Focus on today
    This morning’s GBPUSD is trading beneath the previous day’s high and within a 24 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading within the 1.6445 to 1.6365 resistance zone.
    AS GBPUSD is trading within 1.6445/1.6365 range, I am monitoring the potential for this trading range to hold with the price action bouncing between these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels
    GBPUSD: 1.6130, 1.6175, 1.6365, 1.6445.


    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 44 pips lower from its open whilst trading an 83 pip range.
    The price action continues to have a positive daily swing bias with the price action hovering above the 8 period moving averages. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY is trading beneath the previous day’s high and within a 53 pip early morning Tokyo session range. Furthermore currently USDJPY is also trading between the 102.00/102.35 to 103.05/103.40 price congestion areas.
    AS USDJPY is trading between the 102.00/102.35 to 103.05/103.40 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDJPY between the 102.35 to 103.05 levels for the rest of the day.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.05, 103.40


    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF close 30 pips lower from its open whilst trading a 57 pip range.

    Following yesterday’s break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases.

    Focus on today
    This morning’s USDCHF is trading above the previous day’s low and within a 20 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading within the 0.8850 to 0.8910 resistance zone.
    AS USDCHF is trading within 0.8850/0.8910 range, I am monitoring the potential for this trading range to hold with the price action bouncing between these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels
    USDCHF: 0.8850, 0.8910, 0.9080, 0.9110

  4. #174

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    Daily Technical Analysis for 12th December 2013 from ACFX

    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 26 pips higher from its open whilst trading a 73 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle.

    However I am now seeing a acceleration to the upside following a break above the large horizontal congestion range. This could indicate that EURUSD will attempt to trade up to the 25th October high at 1.3832.

    Focus on today
    This morning’s EURUSD is trading below the previous day’s high within range and within a 25 pip early morning Tokyo session range. Furthermore currently EURUSD is also trading within the 1.3811 to 1.3763 resistance zone.

    AS EURUSD is trading within 1.3811/1.3763 range, I am monitoring the potential for this trading range to hold with the price action bouncing between these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811


    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 71 pips lower from its open whilst trading a 118 pip range.
    The price action continues to have a positive daily swing bias and is currently trading above the 1.6400 resistance area following the bounce off the 8 period moving averages.

    Focus on today
    This morning’s GBPUSD is trading above the previous day’s low and within a 53 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading between the 1.6130/1.6175 to 1.6419/1.6466 congestion areas.

    AS GBPUSD is trading between the 6130/1.6175 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that GBPUSD trades in between the 1.6175 to 1.6419 levels for the rest of the day.

    Key intraday levels
    GBPUSD: 1.6130, 1.6175, 1.6419, 1.6466.


    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 40 pips lower from its open whilst trading an 80 pip range.
    The price action continues to have a positive daily swing bias with the price action hovering above the 8 period moving averages. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY is trading beneath the previous day’s high and within a 39 pip early morning Tokyo session range. Furthermore currently USDJPY is also trading between the 102.00/102.35 to 103.05/103.40 price congestion areas.

    AS USDJPY is trading between the 102.00/102.35 to 103.05/103.40 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDJPY trades in between the 102.35 to 103.05 levels for the rest of the day.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.05, 103.40.


    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF close 12 pips lower from its open whilst trading a 47 pip range.

    Following yesterday’s break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases.

    Focus on today
    This morning’s USDCHF is trading above the previous day’s low and within a 16 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading within the 0.8880 to 0.8840 price congestion zone.

    AS USDCHF is trading within 0.8880/0.8840 range, I am monitoring the potential for this trading range to hold with the price action bouncing between these levels.

    Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.

    Key intraday levels
    USDCHF: 0.8840, 0.8880, 0.9080, 0.9110.

  5. #175

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    Daily Technical Analysis for 16th December 2013 from ACFX


    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 8 pips lower from its open whilst trading a 60 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle.

    The price action has corrected down to the 8 period moving averages which could possibly be views as a value area where one could add long positions. The initial target for any such move higher being the 25th October swing high pivot at 1.3832.

    However a failure to hold this key support area could see EURUSD move lower to the upward sloping trend line.

    Focus on today
    This morning’s EURUSD is trading above the previous day’s low within range and within a 25 pip early morning Tokyo session range. . Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 congestion areas.

    AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively EURUSD could continue to trade between the 1.3565 to 1.3763 levels for the rest of the session.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811


    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 51 pips lower from its open whilst trading a 97 pip range.
    The price action continues to have a positive daily swing bias and is currently correcting back towards the 34 period moving averages.

    Focus on today
    This morning’s GBPUSD is trading above the previous day’s low and within a 53 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading between the 1.6130/1.6175 to 1.6419/1.6466 congestion areas.

    AS GBPUSD is trading between the 6130/1.6175 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that GBPUSD trades in between the 1.6175 to 1.6419 levels for the rest of the day.

    Key intraday levels
    GBPUSD: 1.6130, 1.6175, 1.6419, 1.6466.




    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 16 pips lower from its open whilst trading a 95 pip range.
    The price action continues to have a positive daily swing bias with the price action hovering above the 8 period moving averages. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY is trading beneath the previous day’s high and within a 57 pip early morning Tokyo session range. Furthermore currently USDJPY is also trading between the 102.00/102.35 to 103.05/103.40 price congestion areas.

    AS USDJPY is trading between the 102.00,/102.35 and 103.43/103.92 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDJPY trades in between the 102.35 to 103.43 levels for the rest of the day.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.43, 103.92.

    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF closed at its opening price pips whilst trading a 37 pip range.

    Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases.

    Focus on today
    This morning’s USDCHF is trading above the previous day’s low and within a 22 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading within the 0.8880 to 0.8840 price congestion zone.

    AS USDCHF is trading just above the 0.8880/0.8840 congestion range, I am monitoring the potential for 0.8880 to be breached to the downside.

    Key intraday levels
    USDCHF: 0.8840, 0.8880, 0.9080, 0.9110.

    Alternatively a failure to sustain a break under 0.8880 could see USDCHF trade higher.

  6. #176

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    US GDP data release will be crucial for USD this week.....

  7. #177

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    Daily Technical Analysis for 17th December 2013 from ACFX


    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 31 pips higher from its open whilst trading a 70 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle.

    The price action has corrected down to the 8 period moving averages value area and has since bounce higher off this level. The initial target for any such move higher being the 25th October swing high pivot at 1.3832.

    However a failure to hold this key support area could see EURUSD move lower to the upward sloping trend line.

    Focus on today
    This morning’s EURUSD is trading above the previous day’s low within range and within a 30 pip early morning Tokyo session range. . Furthermore currently EURUSD is also trading within the 1.3763 to 1.3811 congestion area.
    AS EURUSD is trading within the 1.3763/1.3811 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

    Alternatively EURUSD could continue to trade between the 1.3763 to 1.3811 levels for the rest of the session.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811.




    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session close near it’s whilst trading a 60 pip range.
    The price action continues to have a positive daily swing bias and is currently correcting back towards the 34 period moving averages.

    Focus on today
    This morning’s GBPUSD is trading above the previous day’s low and within a 33 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading between the 1.6130/1.6175 to 1.6419/1.6466 congestion areas.
    AS GBPUSD is trading between the 6130/1.6175 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that GBPUSD trades in between the 1.6175 to 1.6419 levels for the rest of the day.

    Key intraday levels
    GBPUSD: 1.6130, 1.6175, 1.6419, 1.6466.




    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 22 pips lower from its open whilst trading a 64 pip range.
    The price action continues to have a positive daily swing bias with the price action hovering above the 8 period moving averages. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY is trading within the previous day’s range and within a 19 pip early morning Tokyo session range. Furthermore currently USDJPY is also trading between the 102.00/102.35 to 103.05/103.40 price congestion areas.
    AS USDJPY is trading between the 102.00,/102.35 and 103.43/103.92 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDJPY trades in between the 102.35 to 103.43 levels for the rest of the day.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.43, 103.92.




    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF closed 31 pips lower from its open price pips whilst trading a 60 pip range.

    Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. Monday’s price action saw a rejection of the 8 period moving averages and a resumption of the down trend.

    Focus on today
    This morning’s USDCHF is trading above the previous day’s low and within a 21 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading within the 0.8880 to 0.8840 price congestion zone.
    AS USDCHF is trading within the 0.8880/0.8840 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

    Alternatively USDCHF could continue to trade between the 0.8880 to 0.8840 levels for the rest of the session.

    Key intraday levels
    USDCHF: 0.8840, 0.8880, 0.9080, 0.9110.

  8. #178

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    Daily Technical Analysis for 18th December 2013 from ACFX


    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 7 pips higher from its open whilst trading a 60 pip range.
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. EURUSD has corrected down to the 8 period moving averages value area and has since bounce higher off this level. The initial target for any such move higher being the 25th October swing high pivot at 1.3832. However a failure to hold this key support area could see EURUSD move lower to the upward sloping trend line.

    Focus on today
    This morning’s EURUSD is trading within the previous day’s range and within a 15 pip early morning Tokyo session range. Furthermore currently EURUSD is also trading within the 1.3763 to 1.3811 congestion area.
    AS EURUSD is trading within the 1.3763/1.3811 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

    Alternatively EURUSD could continue to trade between the 1.3763 to 1.3811 levels for the rest of the session.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811.




    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 30 pips lower from its open whilst trading a 121 pip range.

    The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

    Focus on today
    This morning’s GBPUSD is trading above the previous day’s low and within a 24 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading just above the 1.6213 to 1.6283 congestion area.
    AS GBPUSD is trading within the 1.6213/1.6283 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

    Alternatively GBPUSD could continue to trade between the 1.6213 to 1.6283 levels for the rest of the session.

    Key intraday levels
    GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.




    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY close 36 pips lower from its open whilst trading a 62 pip range.
    The price action continues to have a positive daily swing bias with the price action hovering above the 8 period moving averages. The 103.70 level is still offering both a target and a strong resistance level to current market activity.

    Focus on today
    This morning’s USDJPY is trading within the previous day’s range and within a 39 pip early morning Tokyo session range. Furthermore currently USDJPY is also trading between the 102.00/102.35 to 103.43/103.92 price congestion areas.
    AS USDJPY is trading between the 102.00/102.35 and 103.43/103.92 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDJPY trades in between the 102.35 to 103.43 levels for the rest of the day.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.43, 103.92.




    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF closed 25 pips lower from its open price pips whilst trading a 63 pip range.

    Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as an end of a corrective up move followed by a rejection of the 8 period moving averages and a resumption of the down trend.

    Focus on today
    This morning’s USDCHF is trading above the previous day’s low and within a 10 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading within the 0.8831 to 0.8869 price congestion zone.
    AS USDCHF is trading within the 0.8831/0.8869 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

    Alternatively USDCHF could continue to trade between the 0.8831 to 0.8869 levels for the rest of the session.

    Key intraday levels
    USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

  9. #179

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    Daily Technical Analysis for 19th December 2013 from ACFX

    EURUSD



    Yesterday’s summary

    Yesterday’s trading saw EURUSD end the session 84 pips lower from its open whilst trading a 138 pip range.

    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Yesterday EURUSD experienced a strong downside corrective mover that has taken it beyond trend line resistance.


    I am monitoring a potential move to the 34 period moving averages.


    Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

    Focus on today

    This morning’s EURUSD is trading below the previous day’s low and within a 44 pip early morning Tokyo session range. Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

    AS EURUSD is trading between the 1.3520/1.3565 and 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811




    GBPUSD



    Yesterday’s summary

    Yesterday’s trading saw GBPUSD end the session 127 pips higher from its open whilst trading a 222 pip range.

    The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

    Focus on today

    This morning’s GBPUSD is trading within the previous day’s range within a 27 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to1.6419/1.6466 price congestion areas.

    AS GBPUSD is trading between the 1.6213/1.6283 to1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

    Key intraday levels
    GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.



    USDJPY



    Yesterday’s summary

    Yesterday’s trading saw USDJPY close 163 pips higher from its open whilst trading a 181 pip range.

    The price action continues to have a positive daily swing bias with the price action having completed its correction down to the 8 period moving averages and bounced higher.

    Focus on today

    This morning’s USDJPY is trading within the previous day’s range and within a 44 pip early morning Tokyo session range. Furthermore currently USDJPY has this morning broken down from its 103.97/104.36 morning range high.

    AS USDJPY is trading just beneath the 103.97/104.36 congestion range, I am monitoring the potential for the price action to continue with the downside momentum.

    Alternatively USDJPY could continue to trade back into the 103.97/104.36 area and stay here for between the rest of the session.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.97, 104.36.



    USDCHF



    Yesterday’s summary

    Yesterday’s trading saw USDCHF closed 90 pips higher from its open price pips whilst trading a 103 pip range.

    Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

    Focus on today

    This morning’s USDCHF is trading above the previous day’s high and within a 27 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

    AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.91101 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.980 levels for the rest of the day.

    Furthermore currently USDCHF is also trading within the 0.8831 to 0.8869 price congestion zone.

    Key intraday levels
    USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

  10. #180

    Default

    Daily Technical Analysis for 20th December 2013 from ACFX


    EURUSD



    Yesterday’s summary
    Yesterday’s trading saw EURUSD end the session 23 pips lower from its open whilst trading a 42 pip range.

    Market overview
    The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Yesterday EURUSD experienced a strong downside corrective mover that has taken it beyond trend line resistance. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

    Focus on today
    This morning EURUSD is trading below the previous day’s low and within a 30 pip early morning Tokyo session range.

    Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

    AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

    Key intraday levels
    EURUSD: 1.3520 1.3565, 1.3763, 1.3811.



    GBPUSD



    Yesterday’s summary
    Yesterday’s trading saw GBPUSD end the session 5 pips lower from its open whilst trading a 62 pip range.

    Market overview
    The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

    Focus on today
    This morning GBPUSD is trading within the previous day’s range and within a 40 pip early morning Tokyo session range.

    Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

    AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.
    Please scroll down

    Key intraday levels
    GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.



    USDJPY



    Yesterday’s summary
    Yesterday’s trading saw USDJPY end the session 5 pips higher from its open whilst trading a 58 pip range.

    Market overview
    The price action continues to have a positive daily swing bias with the price action having completed its correction down to the 8 period moving averages and bounced higher.

    Focus on today
    This morning USDJPYis trading above the previous day’s high and within a 36 pip early morning Tokyo session range.

    Furthermore currently USDJPY has this morning trading above the previous day range high of 103.97 to 104.36.

    AS USDJPY is trading just above the 103.97 to 104.36 congestion range, I am monitoring the potential for the price action to continue with the upside momentum.

    Alternatively USDJPY could continue to trade within the 103.97 to 104.36 area for the rest of the session.

    Key intraday levels
    USDJPY: 102.00, 102.35, 103.97, 104.36.



    USDCHF



    Yesterday’s summary
    Yesterday’s trading saw USDCHF end the session 39 pips higher from its open whilst trading a 52 pip range.

    Market overview
    Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

    Focus on today
    This morning USDCHF is trading above the previous day’s high and within a 20 pip early morning Tokyo session range.

    Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

    AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

    Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.9080 levels for the rest of the day.

    Key intraday levels
    USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

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