Page 25 of 60 FirstFirst ... 15232425262735 ... LastLast
Results 241 to 250 of 597
  60 60 Attachment(s)    

Thread: Daily Technical Analysis from ACFX

  1. #241

    Default

    Daily Technical Analysis
    10th June 2014







    EURUSD



    Summary
    Although Monday was a Bank Holiday for most of Continental Europe EURUSD did see a good range day. The price action initially tested the 1.3670 resistance level but was not able to sustain a move above this level. The failure to move higher eventually led to a strong down move with the price action closing under the 8 period daily moving averages.

    Market overview
    The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive.

    Last week’s price action and the rejection of the 1.3550 support level have put a question mark on the daily down trend.

    From the perspective of a lower time frame the 4 hour chart on a swing bias has changed to up however yesterday we did see a strong corrective pullback. In remains to be seen if this pulls back is nothing more a controlled correction which will revert back to the upside. I am therefore monitoring the 1.3550 level for potential signs that EURUSD can hold above this level and trade higher.

    Focus on today
    This morning EURUSD has opened quietly as the price action trades at the lows at the lows of Monday’s candle range.

    I am this morning monitoring the price actions for a potential test of the 1.3550 support level.

    Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action test the 8 period daily moving averages.




    GBPUSD



    Summary
    Monday GBPUSD had a quiet day as the price action closing marginally above the 1.6795 support level.

    Market overview
    GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently we have seen a corrective zigzag formation set up which is made up of lower highs and lower lows. A break below the 1.6700 support level would put a question mark over the current daily up trend as this would most probably change the trend on a swing basis to down.

    From an intraday point of view the price action on both a swing and moving averages basis on a 4 hour chart is trading in an uptrend.

    From a weekly perspective the price action has traded under its 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added.

    Focus on today
    This morning GBPUSD has opened quietly as the price action trades within Monday’s candle range.

    I am today monitoring the price action for a test of 34 period daily moving averages.

    Alternatively if GBPUSD cannot sustain higher prices could see the price action trade down to the 1.6700 level.



    USDJPY



    Summary
    Monday USDJPY experinced a quiet day following its failure to to sustain a move towards the 103.00 level.

    Market overview
    The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. The price action over the past few trading sessions has seen a move above both the 102.13 and 102.36 pivot highs. This could indicate that the daily trend could be coming back into line with the bullish weekly trend.

    Focus on today
    This morning USDJPY has opened negatively as the price action trades under the 8 period daily moving averages.

    Today I am monitoring USDJPY for a test of the 34 period daily moving averages.

    Alternatively a failure to sustain lower prices could see USDJPY trade back into the direction of the 103.00 level.



    USDCHF



    Summary
    Monday USDCHF bounced higher as the price action bounced off the 0.8930 support level and closed above the 8 period daily moving averages.

    Market overview
    The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction.

    There has been a great deal of recent volatility with the 0.9037 level being the high of last week’s spike being a line that needs to be crossed if we are to see further strength in the US Dollar against the Swiss Franc.

    As such USDCHF continues to trade within a weekly downtrend and the price action has moved back into the Fibonacci resistance areas. I am therefore monitoring the possibility of a rotation of the price action back to the short side.

    Focus on today
    This morning USDCHF has opened quietly as it trades at the highs of Monday’s candle ranges.

    Today I am monitoring the price action to see if USDCHF can potentially test last week’s highs.

    Alternatively a failure to sustain higher prices could see USDCHF break down from the Fibonacci area and trade down to the 34 period daily moving averages.


    Gold



    Summary
    Monday Gold had a quiet day as the price action traded within a two day range.

    Market overview
    The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend.

    Focus on today
    This morning Gold has open quietly as the price action trades within Monday’s candle ranges.

    Today I am monitoring the price action for Gold to continue its move under the under the 1250.00 support level and test yesterdays lows.

    Alternatively a failure to sustain lower prices could see Gold trade back up to the 1270.00 resistance level.


    USDCAD



    Summary
    Monday USDCAD consolidated around its averages as the price action continued to test the 1.0940 resistance level.

    Market overview
    USDCAD is trading in a daily down trend however the weekly uptrend continues to trade positively. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact.

    However the recent price action has seen a double bottom form. This pattern has been confirmed with USDCAD trading higher.

    Focus on today
    This morning USDCAD has opened negativley as the price action trades below Monday’s candle range.

    I am this morning monitoring the price action for a re-test 1.0940 resistance level.

    Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD retest the 1.0790 support level.









    AUDUSD



    Summary
    Monday AUDUSD had a quiet day as the price action traded within the previous days range.

    Market overview
    AUDUSD has been trading in a daily uptrend following the breach of the 0.9080 level being the swing high of the 18th February. However the weekly chart continues to trade in a down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area.

    The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down.

    The recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend.

    Focus on today
    This morning AUDUSD has opened bullishly as the price action tests trend line resistance.

    I am this morning monitoring the price action for a potential break above the triangle top.

    Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 0.9200 level being the 2nd May swing low.


    Oil



    Summary
    Monday Oil had a strong day as the price action traded up to the highs of the triangle top.

    Market overview
    Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias.

    The recent price action has seen OILUSD trade within a very large converging triangle formation.

    Focus on today
    This morning Oil has opened bullishly as the price action trades above Monday’s candle range and tests the triangle top and the 105.00 level.

    Today I am monitoring the price action for a test of the triangle top and the 105.00 level.

    Alternatively a failure to sustain higher prices could see Oil trade back down to the 8 period daily moving averages.

  2. #242

    Default

    Daily Technical Analysis
    11th June 2014




    EURUSD



    Summary
    Tuesday EURUSD continued to trade lower as the price action tested and closed under the 1.3550 support level.

    Market overview
    The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive.

    Last week’s price action and the rejection of the 1.3550 support level have put a question mark against the health daily down trend.

    From the perspective of a lower time frame the 4 hour chart on a swing bias continues to point up however a breach of the 1.3500 level would turn the intraday bias to negative.

    From a recent perspective what is of great interest the range of the 5th June candle. The range of this bar is a large 165 pips. Therefore a move above or below the high of this range should give an indication of the direction of the medium term price action with the key levels being 1.3670 up and 1.3500 down

    Focus on today
    This morning EURUSD has opened quietly as the price action trades at the lows at the lows of Tuesday’s candle range.

    I am this morning monitoring the price actions for a potential test of the 1.3500 pivot level.

    Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back to the 8 period daily moving averages.


    GBPUSD



    Summary
    Tuesday GBPUSD traded lower as the price action failed to sustain a move above the 34 period daily moving averages.

    Market overview
    GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently we have seen a corrective zigzag formation set up which is made up of lower highs and lower lows. A break below the 1.6700 support level would put a question mark over the current daily up trend as this would most probably change the trend on a swing basis to down.

    From an intraday point of view the price action on both a swing and moving averages basis on a 4 hour chart is trading in an uptrend.

    From a weekly perspective the price action has traded under its 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added.

    Focus on today
    This morning GBPUSD has opened quietly as the price action trades within Tuesday’s candle range.

    I am today monitoring the price action for a test of 1.6750 resistance level.

    Alternatively if GBPUSD cannot sustain higher prices could see the price action trade down to the 1.6700 level.



    USDJPY



    Summary
    Tuesday USDJPY experinced another quiet day following its failure to to sustain a move towards the 103.00 level.

    Market overview
    The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. The price action over the past few trading sessions has seen a move above both the 102.13 and 102.36 pivot highs. This could indicate that the daily trend could be coming back into line with the bullish weekly trend.

    Focus on today
    This morning USDJPY has opened negatively as the price action trades under the 8 period daily moving averages.

    Today I am monitoring USDJPY for a test of the 34 period daily moving averages.

    Alternatively a failure to sustain lower prices could see USDJPY trade back into the direction of the 103.00 level.



    USDCHF



    Summary
    Tuesday USDCHF traded higher as the price action moved towards a potential test of the 0.9020 resistance level.

    Market overview
    The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction.

    There has been a great deal of recent volatility with the 0.9037 level being the high of last week’s spike being a line that needs to be crossed if we are to see further strength in the US Dollar against the Swiss Franc.

    As such USDCHF continues to trade within a weekly downtrend and the price action has moved back into the Fibonacci resistance areas. I am therefore monitoring the possibility of a rotation of the price action back to the short side.

    Focus on today
    This morning USDCHF has opened quietly as it trades at the highs of Tuesday’s candle ranges.

    Today I am monitoring the price action to see if USDCHF can potentially test the 0.9020 resistance level.

    Alternatively a failure to sustain higher prices could see USDCHF break down from the Fibonacci area and trade down to the 0.8930 support level.





    Gold



    Summary
    Tuesday Gold experienced a strong up day as the price action traded and closed and the previous 3 day range.

    Market overview
    The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend.

    Focus on today
    This morning Gold has open quietly as the price action trades within Tuesday’s candle ranges.

    Today I am monitoring the price action for Gold to continue its move under the under the 1270.00 resistance level and test yesterdays lows.

    Alternatively a failure to sustain higher prices could see Gold trade back down to the 1250.00 support level.


    USDCAD



    Summary
    Tuesday USDCAD continues to consolidate around its averages in what was a quiet days trading.

    Market overview
    USDCAD is trading in a daily down trend however the weekly uptrend continues to trade positively. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact.

    However the recent price action has seen a double bottom form. This pattern has been confirmed with USDCAD trading higher.

    Focus on today
    This morning USDCAD has opened quietly as the price action trades below Tuesday’s candle range.

    I am this morning monitoring the price action for a re-test 1.0940 resistance level.

    Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD retest the 1.0790 support level.



    AUDUSD



    Summary
    Tuesday AUDUSD had a strong up day as the price action traded and closed above trendline resistance.

    Market overview
    AUDUSD has been trading in a daily uptrend following the breach of the 0.9080 level being the swing high of the 18th February. However the weekly chart continues to trade in a down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area.

    The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down.

    However the recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend with yesterday’s price actually breaking and closing above this price pattern.

    Focus on today
    This morning AUDUSD has opened bullishly as the price action tests the 0.9390 resistance level.

    I am this morning monitoring the price action for a potential continuation above the triangle top.

    Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 0.9200 level being the 2nd May swing low.


    Oil



    Summary
    Tuesday Oil attempted but failed to sustain a move above the 105.00 resistance level.

    Market overview
    Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias.

    The recent price action has seen OILUSD trade within a very large converging triangle formation.

    Focus on today
    This morning Oil has opened bullishly as the price action trades with Tuesday’s candle range and tests the triangle top and the 105.00 level.

    Today I am monitoring the price action for a test of the triangle top and the 105.00 level.

    Alternatively a failure to sustain higher prices could see Oil trade back down to the 8 period daily moving averages.

  3. #243

    Default

    Enjoy the Football world cup this year in Brazil with ACFX

    Take part in this exciting new forex demo competition from ACFX.com for a chance to win a ticket to the Brazil World Cup final match
    or one of the many lucrative and exciting prizes of ACFX Soccer Demo Contest.









    1st Prize

    Ticket To FIFA World Cup Brazil 2014 Final Match No.64 or $2000 in Cash


    2nd Prize

    $1000 Trading Credit


    3rd Prize

    $500 Trading Credit


    4th Prize

    Adidas Brazuca 2014 or $100 Cash


    5th Prize

    Adidas Mini Brazuca 2014 or $50 Cash








    Starting Date Friday 20 Jun 2014

    End Date Monday 30 Jun 2014




    http://www.forexcompetitions.com/Account/Register

  4. #244

    Default

    Daily Technical Analysis
    24th June 2014







    EURUSD




    Summary
    Monday EURUSD had an indifferent days trading as the price action hovered around the days open. However once again EURUSD did find support at the 8 period daily moving averages and this ultimately led to a higher close.

    Market overview
    The Daily's

    The breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down.

    The 5th June large 165 pip range bullish bar has put a framework around the price action. Subsequent price action over the past two weeks has traded within this range. Therefore a move above or below the high of this range should give an indication of the direction of the medium term price action with the key levels being 1.3680 up and 1.3500 down.

    More recently EURUSD has made some impressive gains over the past few sessions. Although we are coming into an area of resistance at the 1.3670 resistance level and 34 periods daily moving averages a breach of the 1.3677 level being the pivot high of the 6th June would be sufficient to change the daily trend to up.

    The Weekly’s
    From a weekly point of view EURUSD is trading in a strong up trend however over the past few weeks the price activity has experienced a multi week corrective sell off. This has seen EURUSD breach its intermediate trend line and trade under both the 8 and 34 period weekly moving averages. Of late EURUSD has been trading within a 4 week trading being 1.3680 to 1.3500. This is the same range that was mentioned in the daily analysis.

    Last week’s weekly candle closed on Monday and between the 1.3550 and 1.3670 levels. This week’s candle is trading positively with the price action currently trading above last week’s high but not above last week’s range. I would like to see a break above the highs of the weekly range and the averages as an indication that the price action is rotating back to the long side.

    Focus on today
    This morning EURUSD has opened quietly as the price action trades within Monday’s candle.

    From an intraday perspective EURUSD is trading within a 4 hour up trend and according to our current calculations the average true range projections are 1.3661 to 1.3543.

    I am this morning monitoring the price actions for a potential test of the 1.3670 resistance level that coincides with the 34 period daily moving averages.

    Alternatively if EURUSD fails to sustain higher prices there is a possibility we see the price action trade back to the 8 period daily moving averages.



    GBPUSD



    Summary
    Monday GBPUSD closed the day higher as the price action continued to trade above the 8 period daily moving averages and between the 1.6985 support level and 1.7055 resistance level.

    Market overview the Daily's
    GBPUSD continues to trade in a daily uptrend with the price action having recently broken a large converging triangle.

    We have seen a corrective zigzag formation set up which is made up of lower highs and lower lows. The past two weeks price bullish activity and the break above the 1.6920 level has confirmed that this was a consolidation pattern. Subsequently GBPUSD has successfully tested the 1.6996 level being this year’s and a 5 year high.

    More recently GBPUSD has pushed higher from the 5 year highs and traded above the significant 1.7000 level and is now testing the 1.7050 resistance level. Over the past three days GBPUSD has consolidated at the highs of a 3 day trading range.

    The Weekly's
    From a weekly point of view GBPUSD is trading in a strong up trend. Although it may possibly be unwise to short such a strong trend the price action is now becoming increasingly extended from its averages. Therefore it would not be a surprise if we see some down to sideways price action.

    Focus on today
    This morning GBPUSD has opened quietly as the price action trades within Monday’s candle range.

    From an intraday perspective GBPUSD is trading in a 4 hour uptrend and according to our current calculations the average true range projections are 1.7097 to 1.6957.

    Alternatively if GBPUSD cannot sustain higher prices could see the price action trade back towards the 1.6985 support level.



    USDJPY



    Summary
    Monday USDJPY closed the day lower as the price action continued to trade around the 101.70 support level and 34 period daily moving averages.

    Market overview The Daily's
    The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down.

    The price action over the past few trading sessions has seen a move above both the 102.13 and 102.36 pivot highs. Although USDJPY has since pulled back the overall price action could indicate that the daily trend could possibly be attempting to rotate back to a daily up trend.

    The Weekly's
    From a weekly point of view USDJPY is trading in a strong uptrend however the recent price activity has seen this currency pair pull back and trade within a tight range for a considerable time. The net effect is that the price action is now forming a large triangle consolidation pattern. A break of which could possibly indicate the immediate longer term trend direction. More recently USDJPY is currently trading within a 4 week range of 102.80 to 101.60. A break of this range up or down is needed if we are to see an increase in weekly volatility for USDJPY.

    Focus on today
    This morning USDJPY has opened quietly as the price action trades within Monday’s candle range.

    From an intraday perspective USDJPY is trading in a 4 hour up trend and according to our current calculations the average true range projections are 102.31 to 101.51.

    Today I am monitoring USDJPY for a test of the 101.70 support level.

    Alternatively a failure to sustain lower prices could see USDJPY trade back into the area of last week’s high at 102.40.



    USDCHF




    Summary
    Monday USDCHF had another quiet day as the price action continued to be squeezed between 8 and the 34 period daily moving averages.

    Market overview The Daily's
    USDCHF has been trading in a long up trend following the bounce off the March and May lows. This move has taken the price action into an area of Fibonacci resistance. This has coincided with a large bearish spike that has for the time being put a top in the market at the 0.9037 level.

    USDCHF attempted to make a move back to this level however the upward momentum lost energy as the price action consolidated around its 8 period daily moving averages.

    More recently USDCHF has rejected higher prices and this. This led to a move lower for USDCHF. Currently the price action is being squeezed between the 8 and the 34 period daily moving averages. A break out of this congestion area could give us an indication of the immediate direction of the price action with a breach of the 0.8907 level being the pivot low of the 5th June would technically signal a lower low and a rotation back to a daily down trend.

    The Weekly's
    From a weekly point of view USDCHF is trading in a large down trend however the price action has been showing signs of wanting to reverse to this trend. This can be seen by the double bottom that was formed and which was followed by USDCHF breaking and trading above a down trend line. It now remains to be seen if the weekly moving averages can cross positively as this will give further confirmation that we are witnessing a weekly positive rotation. More recently weekly price action has been trading within a three weekly range being 0.9037 to 0.8907. A break above or beneath this range could possibly give an indication of the longer term weekly momentum.

    Focus on today
    This morning USDCHF has opened quietly as it trades within Monday’s candle ranges and between both the 8 and the 34 period daily moving averages.

    From an intraday perspective the 4 hour chart is bearish with the price action having tested and bounce off a prior recent low. According to my current calculations the average true range projections are 0.8988 to 0.8896.

    Today I am monitoring the price action to see if USDCHF can potentially test the 0.8907 level being the 5th June pivot low.

    Alternatively a failure to sustain lower prices could see USDCHF bounce off the 34 period daily moving averages and test the highs of last week’s range.

  5. #245

    Default

    Daily Technical Analysis
    24th June 2014






    AUDUSD



    Summary
    Monday AUDUSD experienced a strong up day as the price action closed above the 8 period daily moving averages and 0.9390 resistance levels.

    Market overview
    AUDUSD has been trading in a daily uptrend following the breach of the 0.9080 level being the swing high of the 18th February. The prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend. Subsequently we have seen the price action actually breaking and closing above this price pattern.

    More recently AUDUSD has been trading above the 0.9390 level and is being offered additional support by the 8 period daily moving averages.

    The Weekley's
    From a weekly point of view however the chart continues to trade in a down trend with the price action having corrected lower following a rejection of the Fibonacci resistance area. The recent price action has seen AUDUSD bounce off its 8 period weekly averages. I am therefore monitoring the price action for a test of the recent isolated high of 0.9460

    Focus on today
    This morning AUDUSD has opened quietly as the price action trades within Monday’s candle range and above the 0.9390 level.

    From an intraday basis AUDUSD is trading in a 4 hour up trend and according to my current calculations the average true range projections are 0.9478 to 0.9363.

    I am this morning monitoring the price action for a potential downside test of the 0.9460 level being this year’s high.

    Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the 8 period daily moving averages.



    GOLD



    Summary
    Monday Gold closed higher as the price action found support at the 1310.00 support level.

    Market overview The Daily's
    The breach of the 1316 level has effectively changed the intraday trend to up. This move was very stunning as it cleared out a large area of horizontal resistance and breached a large multi month down trend line. A consequence of this move higher has seen the moving averages form a gold cross.

    The Weekly's
    From a weekly point of view Gold is trading in a down trend however this week’s price action would appear to be attempting to form a lower high pattern in what is a large downward sloping triangle formation. A break of this triangle either up or down would give an indication of the possible longer term trend directional momentum.

    Focus on today
    This morning Gold has opened bearishly as the price action trades at the highs of Thursday’s candle ranges.

    From an intraday perspective the four hour chart is trading in an uptrend however the price action finding supports at the 1310 support level. According to my current calculations the average true range projections are 1333 to 1302.

    Today I am monitoring the price action for Gold to possibly test the 1310 support level.

    Alternatively a failure to sustain lower prices could see Gold test last week’s high.



    OIL



    Summary
    Monday Oil had a strong down day as the price action closed under the 8 period daily moving averages.

    Market overview The Daily's
    Oil continues to trade in a daily uptrend with the price action trading above the highs of this year. The overall price pattern would appear to be a break out of a large converging triangle formation.

    The Weekly's
    The weekly time frame is extremely bullish as the price action has broken above recent highs however it would appear the Oil is now becoming increasingly extended from its averages. The 105.00 level is increasingly becoming an important area of support.

    Focus on today
    This morning Oil has opened negatively as the price action trades under Monday’s candle range.

    Today I am monitoring the price action for a potential test of last week’s high.

    Alternatively a failure to higher prices could see Oil trade back down to the 105.00 support level.



    USDCAD



    Summary
    Monday USDCAD continued to trade lower as the price action penetrated and closed under the 1.0790 support level.

    Market overview The Daily's
    USDCAD is trading in a daily down trend. The breach of the 1.0813 being the 8th May swing low has now confirmed that the daily down trend is intact. The next level of support comes in at 1.0650.

    The Weekley's
    From a weekly point of view the recent events have had a dramatic effect on USDCAD as the price action has failed to hold support at its daily averages and the 1.0790 support level. Although the weekly trend continues to be long it remains to be seen if this negative activity can now reverse this current directional momentum.

    Focus on today
    This morning USDCAD has opened bearishly as the price action trades under Monday’s candle range and the 1.0790 level.

    From an intraday point of view the 4 hour chart is trading in a down trend. According to my current calculations the average true range projections are 1.0770 to 1.0681.

    I am this morning monitoring the price action for a test the 1.0681 lower average true range level.

    Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD trades back up to the 1.0790 resistance level.

  6. #246

    Default

    Intra Day Fractal Analysis
    2nd July 2014







    Currency pair: EURUSD



    Time frame: Intraday: 1 hour
    Trend: Down
    Price action: Moving averages have turned negative with the price action beginning to trend lower
    Probable scenario: Short beneath 1.3675
    Alternate scenario: Long above 1.3685
    Intraday levels: Open: 1.3678, R1 1.3704, R2 1.3730, S1 1.3653, S2 1.3627




    Currency pair: GBPUSD



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area
    Probable scenario: Long above 1.7152
    Alternate scenario: Short beneath 1.7139
    Intraday levels: Open: 1.7149, R1 1.7184, R2 1.7219, S1 1.7114, S2 1.7079



    Currency pair: USDJPY



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area
    Probable scenario: Long above 101.65
    Alternate scenario: Short beneath 101.51
    Intraday levels: Open: 101.52, R1 101.70, R2 101.88, S1 101.33, S2 101.15



    Currency pair: USDCHF



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Moving averages have turned positive with the price action beginning to trend higher
    Probable scenario: Long above 0.8879
    Alternate scenario: Short beneath 0.8872
    Intraday levels: Open: 0.8874, R1 0.8894, R2 0.8914, S1 0.8854, S2 0.8835

  7. #247

    Default

    Intra Day Fractal Analysis
    for 3rd July 2014





    Currency pair: EURUSD



    Time frame: Intraday: 1 hour
    Trend: Down
    Price action: Price action has corrected back up to the negatively layered moving averages and these could act as an area of resistance
    Probable scenario: Short beneath 1.3646
    Alternate scenario: Long above 1.3660
    Intraday levels: Open: 1.3658, R1 1.3683, R2 1.3708, S1 1.3633, S2 1.3608



    Currency pair: GBPUSD



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support
    Probable scenario: Long above 1.7167
    Alternate scenario: Short beneath 1.7149
    Intraday levels: Open: 1.7164, R1 1.7197, R2 1.7230, S1 1.7131, S2 1.7098



    Currency pair: USDJPY



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support
    Probable scenario: Long above 101.94
    Alternate scenario: Short beneath 101.75
    Intraday levels: Open: 101.77, R1 101.95, R2 102.14, S1 101.58, S2 101.40



    Currency pair: USDCHF



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Moving averages have turned positive with the price action beginning to trend higher
    Probable scenario: Long above 0.8894
    Alternate scenario: Short beneath 0.8887
    Intraday levels: Open: 0.8888, R1 0.8907, R2 0.8926, S1 0.8869, S2 0.8850

  8. #248

    Default

    Intra Day Fractal Analysis
    for 4th July 2014





    Currency pair: EURUSD



    Time frame: Intraday: 1 hour
    Trend: Down
    Price action: Price action trading lower following a move back to the negatively layered moving averages
    Probable scenario: Short beneath 1.3601
    Alternate scenario: Long above 1.3611
    Intraday levels: Open: 1.3610, R1 1.3636, R2 1.3662, S1 1.3583, S2 1.3557



    Currency pair: GBPUSD



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support
    Probable scenario: Long above 1.7180
    Alternate scenario: Short beneath 1.7149
    Intraday levels: Open: 1.7154, R1 1.7188, R2 1.7223, S1 1.7120, S2 1.7085



    Currency pair: USDJPY



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support
    Probable scenario: Long above 102.22
    Alternate scenario: Short beneath 102.17
    Intraday levels: Open: 102.18, R1 102.38, R2 102.57, S1 101.99, S2 101.79




    Currency pair: USDCHF



    Time frame: Intraday: 1 hour
    Trend: Up
    Price action: Price action trading higher following a move back to the positively layered moving averages
    Probable scenario: Long above 0.8938
    Alternate scenario: Short beneath 0.8930
    Intraday levels: Open: 0.8932, R1 0.8952, R2 0.8972, S1 0.8911, S2 0.8891

  9. #249

    Default

    GBPUSD has a very flat recently, but its might be support level, might see some movement up in the coming days.

  10. #250

    Default

    Intra Day Fractal Analysis





    EURUSD



    GBPUSD



    USDJPY



    USDCHF


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
  •