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Thread: Daily Technical Analysis from ACFX

  1. #21

    Default

    Daily Technical Analysis for EURUSD as at 19TH February 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3485 -1.3360
    Target 1 : 1.3710
    Target 2 : 1.4250
    Stop : <1.3263



    Comments
    EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold at these levels.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for GBPUSD as at 19th February 2013

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



    Comments
    As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for USDCHF as at 19th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for USDJPY as at 19th February 2013

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



    Comments
    As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for Gold as at 19th February 2013

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



    Comments
    Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


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

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



    Comments
    Oil continues to trade between the 8 and 34 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  2. #22

    Default

    Daily Technical Analysis for EURUSD as at 20TH February 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3485 -1.3360
    Target 1 : 1.3710
    Target 2 : 1.4250
    Stop : <1.3263



    Comments
    As posted previously “EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold at these levels”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for GBPUSD as at 20h February 2013

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



    Comments
    As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 20th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    USDCHF this morning is moving away from Fibonacci resistance area after rejecting this level. We are monitoring a possible move to Target 1.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 20th February 2013

    DAILY OVERVIEW

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



    Comments
    As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Gold as at 20th February 2013

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



    Comments
    As posted previously “Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation”.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Oil (WTI) as at 20th February 2013

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



    Comments
    Oil has closed and is trading above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  3. #23

    Default

    Daily Technical Analysis for EURUSD as at 21st February 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3485 -1.3360
    Target 1 : 1.3710
    Target 2 : 1.4250
    Stop : <1.3263



    Comments
    EURUD did not manage to hold the initial support area and is now trading towards an up trend line where we may see buying possibly coming in. Although the Swing bias is still positive a note should be taken of the recent price action which could be either a corrective Zigzag pattern which is part of a larger up move or the beginning of much lower values for this currency pair. We are monitoring the price action to see if the uptrend line does in fact become an important area for support.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for GBPUSD as at 21st February 2013

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



    Comments
    GBPUSD as previously commented has broken multi month support and continues to trade lower. The price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels this currency pair and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. Furthermore that GBPUSD has slashed through the 1.5270 to 1.5230 previous support areas may possibly indicate the short side is very much dominant but as always participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 21st February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    After such a strong day for USD it is not surprising that USDCHF also reversed its negative bias. However in this case the Swiss Franc did not lose value as strongly as the other currency pairs. This may be just a case of catch up for USDCHF or it could be a possibility that another further depreciation in the Franc’s value will be resisted. We are monitoring the price action in this Fibonacci resistance area to ascertain what the possible likely short term direction is.


    Definitions

    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 21st February 2013

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



    Comments
    It is very much more of the same for USDJPY with the price action bouncing around the area of the 8 period moving averages. It is surprising that after such a strong day for USD that the Yen did not depreciate in value. We are monitoring the possibility that USDJPY makes an attempt to breach the last isolated HH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




    Daily Technical Analysis for Gold as at 21st February 2013

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



    Comments
    Gold as previously commented has reversed its bullish swing pattern and continues to trade aggressively lower. As mentioned on today’s GBPUSD analysis the price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels Gold and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. As always trading participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




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

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



    Comments
    What a difference a day makes. Oil was trading above its immediate short term averages and we were contemplating the possibility of a breach of the last isolated HH. Oil has since slashed through the short term averages and is moving into the direction of the down trend line and Fibonacci support. We will be monitoring the price action if these key support areas are reached.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  4. #24

    Default

    Daily Technical Analysis for EURUSD as at 22nd February 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3485 -1.3360
    Target 1 : 1.3710
    Target 2 : 1.4250
    Stop : <1.3263



    Comments
    EURUSD yesterday did breach the down trend line but this was an area where some buying came into the market. The true extent of this buying should be made apparent today if today we see a significant bounce.
    We continue to monitor the price action to see if the uptrend line does in fact become an important area for support.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for GBPUSD as at 22nd February 2013

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



    Comments
    That GBPUSD had a good bounce off the lows yesterday was not surprising as the price action was very much extended from its short term moving averages. This morning the positive reversal has continued with GBPUSD now trading above an area of previous support being 1.5230 to 1.5270. If the price action can hold above this area of support a move to the 8 period moving averages is a possibility and this may also be an area where shorts could be contemplated. Alternatively if we trade beneath support a move to the lasted isolated LL is a possibility.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


    Daily Technical Analysis for USDCHF as at 22nd February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    The bullish momentum in USDCHF stalled a little and this morning we are seeing the first signs of some bearishness at the top of the Fibonacci resistance area. As both GBP and Gold did bounce somewhat it is not inconceivable that CHF also adds value against the USD. To ascertain the next possible direction the monitoring of the price action on lower times where one could identify Swing Low or Swing High failures may give possible clues.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 22nd February 2013

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



    Comments
    As always the 8 period moving averages has offered significant support to the rise of USDJPY. This currency pair is now experiencing prolonged sideways activity. The last time this occurred was back in November and early December prior to USDJPY stellar breakout. One could possibly consider buying approaches to the 8 period moving averages as this has worked in the past or could alternatively draw lines above the top and bottom of this current congestion area and trade the break out or break down. There is a bigger picture to consider which is what is happening right now with the US Bond market and its inverse correlation with US equities and its further relation with USDJPY and capital shifting to Asia.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Gold as at 22nd February 2013

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



    Comments
    Gold yesterday experience a good bounce off the lows which has followed through to this morning. As in the case of GBPUSD this was not a huge surprise as the price action was very much extended from its short term moving averages. A move to the 8 period moving averages is a possibility and this may also be an area where shorts could be considered. Alternatively a failure to move higher should give the bears some encouragement to push Gold into the direction of the last isolated LL .

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Oil (WTI) as at 22nd February 2013

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



    Comments
    Oil yesterday continued is move lower and as expected was attracted to the down trend line that has been discussed previously. That Oil did not breach the trend line may give the bulls some encouragement but after such an aggressive down move some good evidence is required if one is to add long term swing trades.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  5. #25

    Default

    Daily Technical Analysis for EURUSD as at 25th February 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3485 -1.3360
    Target 1 : 1.3710
    Target 2 : 1.4250
    Stop : <1.3263

    Daily Technical Analysis from ACFX-eur-gif

    Comments
    EURUSD experienced an indecisive day right on the upward sloping trend line. This could be a clue that the Bears may have lost confidence in further shorting this market. This morning’s open has been has been positive. We continue to monitor the price action to see if the uptrend line does in fact become an important area for support.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for GBPUSD as at 25th February 2013

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

    Daily Technical Analysis from ACFX-gbp-gif

    Comments
    The bounce in GBPUSD was short lived as the price action slashed through the 1.5230 to 1.5270 support area. We continue to have a negative bias but have a preference to look at opportunities near the 8 period moving averages.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for USDJPY as at 25th February 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -

    Daily Technical Analysis from ACFX-jpy-gif

    Comments
    The scenario mentioned on Friday of buying at the 8 period moving averages support area is possibly in play with the price action making an attempt to breach the last isolated HH. We continue to monitor the price action to see if USDJPY does actually breach horizontal resistance in its unrelenting upward march.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for USDCHF as at 25th February 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    Daily Technical Analysis from ACFX-chf-gif

    Comments
    USDCHF bullish momentum stalled on Friday and Monday’s session thus far is experiencing a negative open. We continue to monitor the price action on multiple time frames so as to indentify Swing Low or Swing High failures that may give us clues to the next possible market direction.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for Gold as at 25th February 2013

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

    Daily Technical Analysis from ACFX-gold-gif


    Comments
    Gold continued to rise off the lows and this upward movement has followed through to today’s session. The 8 period moving averages as mentioned previously is the initial target where shorts may possible be considered.
    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for Oil (WTI) as at 25th February 2013

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

    Daily Technical Analysis from ACFX-oil-gif

    Comments
    Oil made its first attempt to touch the downward sloping trend line but this initial move was rejected. If support can hold around these levels Oil may experience a possible bullish pop in price at least until the area of the 8 period moving averages. Alternatively a break of support may see Oil move to the Fibonacci area where the price action will be monitored for a possible positive rotation.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  6. #26

    Default

    Daily Technical Analysis for EURUSD as at 26th February 2013
    DAILY OVERVIEW
    Trend : -
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -

    Daily Technical Analysis from ACFX-eur-gif

    Comments
    EURUSD did trade higher off the lows and at one point was up over 120 points on the day which actually exceeds one daily Average True Range only for Euro to rapidly lose value during the New York session and brake down aggressively through the down trend line.
    Technically EURUSD is swing long as it is still trading above the last isolated HL of the 4th January which is at the 1.3000 area. It would not be a surprise if this downward momentum is halted around this significant price level however the aggressiveness of the move down has to be allowed for especially after the break of trend line support.
    As the current price level is extended from the 8 period moving averages we are monitoring the possibility that EURUSD trades back to the area of this average which also coincides with the bottom of the uptrend line where we would expect to see a reaction that either rejects this price level and we see a possible downward bounce off resistance or EURUSD breaches and closes above resistance. Alternatively through the force of its own momentum EURUSD continues to trade lower from this current level in the direction of 1.3000 areas.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

    Daily Technical Analysis for GBPUSD as at 26th February 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -

    Daily Technical Analysis from ACFX-gbp-gif

    Comments
    GBPUSD continues to trade beneath prior support but is this morning attempting to trade back up towards this area. This may offer the possibility for bears add additional shorts.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for USDJPY as at 26th February 2013

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

    Daily Technical Analysis from ACFX-jpy-gif

    Comments
    Yesterday morning initial upward momentum reversed and collapsed in what was one of the biggest moves of the past 12 months. The loss of value in the USD was significant as it is completely opposite to what happened with both the EURUSD and USDCHF and possibly points to a bigger picture that includes what is happening to both the US Bond and Equities markets.
    Although we are still Swing Positive the aggressiveness of the move has to be allowed for therefore more down side momentum should not be a surprise.
    Alternatively that USDJPY has actually bounced off the 34 period moving averages could see a reaction that pushes the price higher at least to the 8 period moving averages.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 26th February 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    Daily Technical Analysis from ACFX-chf-gif

    Comments
    Yesterday morning’s initial sell off in USDCHF was strong with a 70 pip down move which is roughly in line with one daily Average True Range move. However as with EURUSD the weakness in the USD was reversed during the New York session. We continue to monitor the price action to see if USDCHF can follow through higher during the London session. A failure to push higher will of course give the bears encouragement to short these levels.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




    Daily Technical Analysis for Gold as at 26th February 2013

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

    Daily Technical Analysis from ACFX-gold-gif


    Comments
    As mentioned yesterday we pin pointed the 8 period moving averages as the initial target area where additional shorts could possibly be considered. This morning Gold has reached this target and is showing initial signs of negativity. We are monitoring the price action at this levels for confirmation of this negative rotation.
    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




    Daily Technical Analysis for Oil (WTI) as at 26th February 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -

    Daily Technical Analysis from ACFX-oil-gifDaily Technical Analysis from ACFX-oil-gif

    Comments
    Oil has traded lower but has not significantly breached the downward sloping trend line. We continue to monitor the price action at these levels so as to identify the possibility that Oil is building a base where it can at least trade up to the 8 period moving averages. Alternatively a break of support may see Oil move to the Fibonacci area where the price action will be monitored for a possible positive rotation.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  7. #27

    Default

    Daily Technical Analysis for EURUSD as at 4th March 2013

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




    Comments
    After the rejection of the 8 period moving averages EURUSD is now making new lows. We are currently trading above the significant 1.3000 level. A break beneath this level will add momentum to the down trend as it pushes towards trend line support.

    Definitions

    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for GBPUSD as at 4th March 2013

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



    Comments

    As mentioned on Friday the 8 period moving averages and over head resistance proved to be important as GBPUSD was pushed lower from these levels. The price action is now moving towards the 1.5000 level which may prove significant as a new level of support.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 4th March 2013

    DAILY OVERVIEW

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




    Comments
    Thursday breakout did as commented on did take out the last HH. As we are now trading above this HH level the trend effectively switches to long. The price action is extended from the 8 period moving averages. We are therefore looking for a pull back to this average as a location where we will monitor the price action for possible longs.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 4th March 2013


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



    Comments
    USDJPY popped higher on Friday and is now trading above the 8 period moving averages. A breach of the 25th February high will add confirmation to this up move.

    Definitions

    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Gold as at 4th March 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    As previously mentioned Gold’s rejection of Fibonacci resistance has proved lucrative for sellers who took positions. Friday’s price action push lower but has yet to reach Target 1.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



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

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 91.70 – 87.90
    Target 1 : 98.20
    Target 2 : 100.40
    Stop : 85.20



    Comments
    Oil failed to find support on the down trend line as it broke through this level on Friday. Oil is now trading at the trading at the 61.8% Fibonacci support area after approaching the upward sloping trend line. We are monitoring for a possible positive rotation at these levels.

    Definitions

    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  8. #28

    Default

    Daily Technical Analysis for EURUSD as at 5th March 2013

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



    Comments
    EURUSD did trade beneath the key 1.3000 level however the move thus far has been muted. That the 1.3000 level is in line with the previous low of the 4th January may be significant to buyers of the Euro who are looking for areas where a potential double bottom may possibly form. We are currently monitoring the price reaction as EURUSD approaches the 8 period moving averages as this is a possible area where shorts would be willing to add positions.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for GBPUSD as at 5th March 2013

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



    Comments
    The price action did move to and breach the 1.5000 level only for it to bounce off it. GBPUSD is now trading at the 8 period moving averages which could possibly be a an area for shorts to add positions.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 5th March 2013

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



    Comments
    Following the initial break out the price action is now extended from the 8 period moving averages. We continue to look for a pull back to this average as a location where we will monitor the price action for possible long opportunities.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 5th March 2013

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



    Comments
    Following its initial move higher, USDJPY is now trading above the 8 period moving averages. We are monitoring an approach to this average for the possibility of a bounce that takes out the previous HH. Alternatively a break beneath this and the 34 period averages would once again possibly push USDJPY back in the direction of the 25th February low.

    Definitions

    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Gold as at 4th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    Gold has thus far failed to follow through to Target 1 and is now attempting to put in a HL. A close above the 1st March high would force us to reevaluate our current short bias.
    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend


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

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 91.70 – 87.90
    Target 1 : 98.20
    Target 2 : 100.40
    Stop : 85.20



    Comments
    Oil bounced off the 61.8% Fibonacci support area and upward sloping trend line. A close above yesterday’s high would confirm a possible positive rotation in the price action.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  9. #29

    Default

    Daily Technical Analysis for EURUSD as at 6th March 2013

    DAILY OVERVIEW

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



    Comments
    EURUSD is now trading at the 8 period moving averages which is the initial area where we are monitoring the price action for possible negative rotation that could push the Euro into the direction of the last isolated LL. Alternatively, a break above the 8 period moving average will focus our attention on a possible move to the upward sloping trend line which should offer strong resistance and as such may act as a magnet for bulls to aim for.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for GBPUSD as at 6th March 2013

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



    Comments
    GBPUSD continues to trade at the 8 period moving averages. A break above this average should push the Pound to the 1.5230/70 area which should possibly give strong resistance. Alternatively a failure to trade significantly above the average would focus attention to the short side with a move towards the last isolated LL being a realistic possibility.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDCHF as at 6th March 2013

    DAILY OVERVIEW

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



    Comments

    USDCHF continues to trade at its highs following the break out. We continue to monitor the price action for a pull back as a buying opportunity or alternatively a less conservative break above the current HH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for USDJPY as at 6th March 2013

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



    Comments
    USDJPY continues to trade above the 8 period moving averages. The scenarios stated yesterday being an approach to this average for the possibility of a bounce that takes out the previous HH or a break beneath this and the 34 period averages would once again possibly push USDJPY back in the direction of the 25th February low are still valid.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




    Daily Technical Analysis for Gold as at 6th March 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    Gold touched and bounce off the 8 period moving average. If Gold cannot trade above this average then Target 1 will still be in play. A break above the average would possibly give warning that a HL is about to put in and could give encouragement to the bulls to push Gold to the area of the last LH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



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

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 91.70 – 87.90
    Target 1 : 98.20
    Target 2 : 100.40
    Stop : 85.20



    Comments
    After yesterdays positive close Oil is this morning pushing higher. We are monitoring the possibility of a move to Target 1.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

  10. #30

    Default

    Daily Technical Analysis for EURUSD as at 7th March 2013

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



    Comments
    The 8 period moving averages proved once again to be a good area of resistance as EURUSD broke down off it. The Euro traded down to the area of the previous LL but failed to breach it or the significant 1.3000 level. A breach of this level is required over the next few sessions if downside momentum is to continue.


    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for GBPUSD as at 7th March 2013

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



    Comments
    As in the case of GBPUSD the 8 period moving averages proved significant as a level of resistance. The subsequent move down has breached the previous LL and the 1.5000 level. We are however this morning trading above the level of the previous LL and would therefore be looking for follow through that would confirm the negative bias

    Definitions

    Trend : Current trend as defined by technical Swing Analysis.
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend




    Daily Technical Analysis for USDCHF as at 7th March 2013

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



    Comments
    After two days of sideways consolidation USDCHF broke higher off an approach to the 8 period moving averages..As our trend bias is now long we are looking for further approaches of the 8 period moving averages as buying opportunities.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend





    Daily Technical Analysis for USDJPY as at 7th March 2013

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



    Comments
    USDJPY has once again established support above the 8 period moving averages. e continue to monitor the possibility of the price action breaching the prior HH.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Gold as at 7th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    Gold attempted to trade lower yesterday only for buying to come in. It would appear that the bulls are trying to give gold support at these levels. A failure to make another attempt at trading down to Target 1 would give buyers further encouragement to push Gold higher and in the process create a positive HL swing pattern.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend



    Daily Technical Analysis for Oil (WTI) as at 7th March 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 91.70 – 87.90
    Target 1 : 98.20
    Target 2 : 100.40
    Stop : 85.20



    Comments
    Oil yesterday did attempt to trade higher only to reverse. That the price action did not reach the level of the 4th March isolated low could be viewed as bullish. Especially as yesterdays and the 4th’s low are now forming a nice pincer low support within the Fibonacci area and on trend line support. We are currently monitoring the price action to see if Oil can trade higher into the direction of Target 1.

    Definitions
    Trend : Current trend as defined by technical Swing Analysis
    HH : Higher High
    HL : Higher Low
    LL : Lower Low
    LH : Lower High
    CofT : Change of Trend

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