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Thread: Daily Technical Analysis from ACFX

  1. #31

    Default

    Daily Technical Analysis for EURUSD as at 8th March 2013

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



    Comments
    EURUSD failed to breach the 1.3000 with any real conviction and rallied off the back of news. Yesterday’s move was so strong that the market closed above the high of the previous 4 days range. Although technically we continue to be swing negative, yesterday’s price action probably sets the market up for a corrective rally up to the upward sloping trend line with pull backs to the 8 period moving averages being used as 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 8th March 2013

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



    Comments

    Although GBPUSD yesterday made a new low, the price action did not manage to close beneath the range of the previous 3 days price action. For the down side momentum to continue, we would like to see a breach of yesterday’s low. A failure to break lower should see GBPUSD trade back up to the 8 period moving average where resistance to further upside momentum could possibly be found.

    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 8th March 2013

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



    Comments
    USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher.

    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 8th March 2013

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



    Comments
    Once USDJPY established support above the 8 period moving averages, buying came in as the price action pulled back to this average with the subsequent bounce as mentioned yesterday taking out the prior HH. We continue to monitor pull backs to the short average as a buying opportunity.

    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 8th March 2013

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



    Comments
    The price action for the past 4 sessions is now trading within a tight range underneath the 8 period moving averages. A break out or break down from this range would indicate the next possible direction for Gold. As the price action is trading under the averages and within an overall daily down trend, our focus continues to be on the short side. However if Gold was to trade above the 8 period moving average prior to breaking the box range, our focus would switch to a long side possible break out. The preferred strategy for both the long or short side break is to allow the initial move to happen and then jump in after there has been a pullback and follow through in the direction of the break with the entry taken off a lower time frame.

    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 8th 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 traded higher off pincer low support that was identified in the prior analysis. 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

  2. #32

    Default

    Daily Technical Analysis for EURUSD as at 11th March 2013

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



    Comments
    The initial upward movement on Friday was reversed spectacularly with an intraday collapse that broke hourly support. The Euro traded down to the previous LL where support was found. This morning we have so far had a positive albeit quiet open. We are monitoring the price action at the lows to identify if support can hold or if the bears will finally at the fifth attempt break 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 11th March 2013

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



    Comments
    We mentioned in our last posting that we want to see a break of the lows so as to confirm a continuation of the general down trend. This happened on Friday. GBPUSD is now extended from the 8 period moving averages. Therefore it would not be a surprise if a pullback was to happen before any further down move. Alternatively, GBPUSD could experience a further break down. We are currently monitoring the price action at these levels to ascertain the next immediate 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 USDCHF as at 11th March 2013

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



    Comments
    On Friday morning we mentioned “USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher”. As expected we saw strong buying come in as USDCHF approached the 8 period moving averages. Once again the price action is extended from the small average. We continue to monitor pull backs to the average as possible 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 11th March 2013

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



    Comments
    USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as a buying opportunity.

    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 11th 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 made an initial move to break horizontal support of the current rectangle pattern only for buyers to come in and hold up Gold. We are now focused on a possible upside break. As always our preference is to allow the initial break to happen and enter off the first valid pull back to prior resistance.

    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 11th 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 continued its upward advance on Friday and the price action has now broken the downward sloping trend line.
    We are monitoring a possible continued 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

  3. #33

    Default

    Daily Technical Analysis for EURUSD as at 12th March 2013

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



    Comments
    Volatility in EURUSD yesterday dropped. This is not surprising after the wild swings of last week. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current 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


    Daily Technical Analysis for GBPUSD as at 12th March 2013

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



    Comments
    Yesterday GBPUSD edged down slightly only to close near to where it opened. We continue to monitor pull backs to the 8 period moving average as an area where short positions could possibly 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 USDCHF as at 12th March 2013

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



    Comments
    USDCHF is trading within the range of the 8th March candle. As the price action is now trading towards the 8 period moving average with are monitoring the reaction as it approaches this support level so as to identify possible positive rotation which could propel USDCHF into the direction of the last 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 12th March 2013

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



    Comments
    As posted yesterday, USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as a buying opportunity.

    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 12th March 2013

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



    Comments
    The price action continues to trade within a rectangle formation and above the 8 period moving averages. We expect a possible upside break with a target being the 34 period moving averages. As always our preference is to allow the initial break to happen and enter off the first valid pull back.

    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 12th 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 continues to trade higher with the 8 period moving average establishing supports beneath the current price action. We are monitoring a possible continued 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

  4. #34

    Default

    Daily Technical Analysis for EURUSD as at 13th March 2013

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



    Comments
    EURUSD is trading within a tight range above support. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current 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


    Daily Technical Analysis for GBPUSD as at 13th March 2013

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



    Comments
    GBPUSD continues to trade lower. We continue to monitor pull backs to the 8 period moving averages as an area where short positions could possibly 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 USDCHF as at 13th March 2013

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



    Comments
    USDCHF is this morning breaking beneath the 8 period moving averages. We are monitoring the price action for a positive rotation that could possibly push the Swiss Franc into the direction of the last HH or alternatively, the downward momentum continues and pushes the price action to Fibonacci 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 USDJPY as at 13th March 2013

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



    Comments
    USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as a buying opportunity.

    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 13th March 2013

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



    Comments
    The expected upside break we expected and mentioned in previous posts occurred yesterday. We are monitoring a possible move to the 34 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 Oil (WTI) as at 13th 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 as expected is breaking higher. Although we continue to monitor a possible continued move to Target 1 the price extension from the 8 period moving averages has to be allowed for as the price action has a tendency to stall or retrace if the gap between the average and price becomes too large.

    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. #35

    Default

    Daily Technical Analysis for EURUSD as at 14th March 2013

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



    Comments
    Yesterday EURUSD attempted to make an early morning break out only for this move to fail. This can be seen on intraday time frames where the Euro failed to breach the high of the 12th March. Ultimately the failed break out reversed and EURUSD broke down. EURUSD has now traded back to prior support which effectively now becomes resistance. We are monitoring the price action to see if EURUSD can trade higher and also close above prior support. A failure to brake and close above prior support will reinforce the short bias and a possible to move to the down trend line that can be found beneath the current 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


    Daily Technical Analysis for GBPUSD as at 14th March 2013

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



    Comments
    GBPUSD has pulled back to the 8 period moving averages. We are monitoring the price action for negative rotation at these levels where short positions could possibly be considered. Alternatively, GBPUSD could possibly trade higher to the area of prior 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 14th March 2013

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



    Comments
    USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous 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 USDJPY as at 14th March 2013

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



    Comments
    As posted yesterday, USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as a buying opportunity.

    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 14th March 2013

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



    Comments
    After breaking higher Gold has traded back to the 8 period moving averages. We are monitoring the price action for a possible move to the 34 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 Oil (WTI) as at 14th 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 is trading within the range of the previous two days. We continue to monitor the upward momentum with a possible move to the 34 period moving averages being the initial target. However due to the extension of the price action from the 8 period moving averages a move back to this average 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

  6. #36

    Default

    Daily Technical Analysis for EURUSD as at 15th March 2013

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



    Comments
    Yesterday EURUSD initially traded lower and then reversed and closed above prior support. A weekly positive RSI divergence appears to be setting up. This divergence needs to be confirmed by the close of business tonight. We are now monitoring a possible move to 1.3135 being the level of the last isolated high. Alternatively a break of support would once again focus our attention on the short side.

    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 15th March 2013

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



    Comments
    Yesterday there was no sign of negative rotation as GBPUSD slashed through the 8 period moving averages and closed strongly. After such a strong move it would not be surprising if there was a pull back to the 8 period moving averages especially as the price is fairly well extended into a Fibonacci zone. However GBPUSD could also possibly attempt to trade up to previous support being 1.5230.

    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 15th March 2013

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



    Comments
    Yesterday we wrote “USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous isolated HH”. USDCHF did make the HH but then closed lower. We have identified a weekly negative divergence setting up which needs to be confirmed by tonight’s close. As we are now trading beneath the 8 period moving averages we are monitoring the possibility that USDCHF trades much lower. Furthermore if today’s price action can close beneath yesterday’s range then we may have a significant short set up forming as yesterday’s candle is 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 USDJPY as at 15th March 2013

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



    Comments
    USDJPY continues to trade above the 8 period moving averages. We continue to monitor pull backs to the small average as a buying opportunity.

    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 15th 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 continues to find support above the 8 period moving averages. We are monitoring the price action for a possible move to the 34 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 Oil (WTI) as at 15th 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 continues to trade within the range of the previous three days, however yesterday we had a good positive close and this morning we are trading near the high of what is now a four day range. A break out from the top of this range is a possible tradable long opportunity but as always our preference is to identify opportunities off lower time frames and enter in the direction of the move. Alternatively a failure to breach the top of the range would place focus onto the short side with the 8 period moving averages being the initial target where support may be found. Our preference being to sell Oil after we have identified a negative rotation off a lower time frame.

    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. #37

    Default

    Daily Technical Analysis for EURUSD as at 19th March 2013

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



    Comments
    The terms of the bail out for Cyprus and the tax on bank deposits hit the markets hard on Monday with the Euro reversing Friday’s gains and gapping down at the open. This morning EURUSD is trading up from yesterday’s lows. It would not be a surprise if we saw a full are partial gap fill but with market being so jittery and hanging off the utterance of every politician the market could just as well trade lower. We are today monitoring the price action for an indication of the short term 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 GBPUSD as at 19th March 2013

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



    Comments
    After trading higher, GBPUSD is now consolidating at the highs within a tight range. We are monitoring the price action to see if the Pound either trades down to the 8 period moving averages where it will find support or break higher to the area of prior 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 19th March 2013

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



    Comments
    After trading dramatically lower on Thursday the Franc has traded back to the 8 period moving averages. We are monitoring the price action to see if USDCHF can trade above the average.

    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 March 2013

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



    Comments
    USDJPY has breached the 8 period moving averages where buying has come in. We are monitoring the price action to see if USDJPY can once again trade above this average.

    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 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 has traded as expected to the 34 period moving averages. We are monitoring pullbacks to the 8 period moving averages which may possibly offer support to any further upmove.

    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 March 2013

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



    Comments
    This morning Oil is breaking up from its 3 day range. We continue to monitor 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

  8. #38

    Default

    Daily Technical Analysis for EURUSD as at 20th March 2013

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



    Comments
    Following the rejection of the terms of the Cyprus bail out and the unrelenting pressure being heaped upon Cypriot politicians by the German Finance Minister Wolfgang Schaeuble there will have to be a resolution very soon as the uncertainty with respect to the Euro Zones banking system could infect other ailing countries such as Italy and Spain.

    From a purely technical perspective, EURUSD failed in its initial attempt to close the window that was created by the opening gap and eventually traded lower. The price action is once again extended from the 8 period moving averages. Our bias continues to be negative but with both eyes firmly be kept on the news flow.

    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 20th March 2013

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



    Comments
    GBPUSD has once again opened up this morning with in a tight range which is now entering its fourth day.
    We are monitoring the price action to see if the Pound either trades down to the 8 period moving averages where it will find support or break higher to the area of prior 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 20th March 2013

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



    Comments
    This morning USDCHF is trading higher and hovering just above the 8 period moving averages. We are monitoring the possibility the Franc trades up to the previous higher high however the negative weekly divergence does also give us a heads up that further downside corrective price action 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 USDJPY as at 20th March 2013

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



    Comments
    Once again we focus our attention on USDJPY possibly breaching a closing above the 8 period moving averages where it this currency pair will find support prior to moving towards the last isolated HH. Alternatively a move down could push USDJPY initially move to the 34 period moving average and then to Fibonacci support. However the hidden weekly positive divergence may be a heads up that USDJPY could possible trade higher.

    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 March 2013

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



    Comments
    After a strong move to the 34 period moving averages Gold has this morning stalled and opened negatively. We are monitoring the price action for a potential move 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 Oil (WTI) as at 20th March 2013

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



    Comments
    Yesterdays attempt by Oil to break out from its range failed and reversed dramatically. For upward momentum to continue we would like to see Oil breach and close above the 34 period moving averages and in the process pull along the 8 period moving averages with it so as to form Golden Cross (short term average crossing the long term average). A failure to do so will put the attention back on the short side with a breach and close of the 18th March low confirming a switch in 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

  9. #39

    Default

    Daily Technical Analysis for EURUSD as at 21st March 2013

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



    Comments
    Talk of deals behind closed door and followed by rumors of disagreements is adding to the uncertainty and market jitters.

    The Euro reversed off its lows and has traded up to the 8 period moving averages. Although a gap fill is still a possibility we are currently monitoring the price action at the small average to ascertain if the upward momentum could possible stall.

    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 March 2013

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



    Comments
    GBPUSD yesterday traded down to the 8 period moving averages and as predicted this is an area where support was found. Although the Pound traded higher and breached the highs of the range GBPUSD eventually pulled back to close just beneath its open. Yesterday’s range of some 160 pips exceeds the 14 day Average True Range by some 40 pips. With the Pound opening this morning in the middle of the range this could offer scalpers opportunities to take advantage within the range. As the price action is still trading above the 8 period moving averages we continue to monitor pullback to the averages as possible 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 USDCHF as at 21st March 2013

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



    Comments
    USDCHF has failed thus far in its attempts to close above the 8 period moving averages. Combined with the weekly divergence there is now a possibility that the Franc could trade down to Fibonacci support. We continue to monitor the price action and its relationship 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 USDJPY as at 21st March 2013

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



    Comments
    We identified in a prior posting that the hidden weekly positive divergence might be a possible heads up for higher prices. Yesterday USDJPY did trade higher and closed above the 8 period moving averages. We are now monitoring the possibility of USDJPY trading into the direction of 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 March 2013

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



    Comments
    The 34 period moving averages is now offering resistance to Gold with the price action now being squeezed between the 8 and 34 period averages. We now have a two day range with this morning’s price action opening within this range. We are monitoring break outs and break downs from this range with an eye being kept on the price reaction if it trades down to the 8 period moving averages. One point to note is the dramatic drop of in the value of the 14 period Average True Range. Such extreme low values do not usually last for long and it is not an unlikely possibility that Gold begins to once again experience wider ranges.

    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 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 traded higher and although it did not reverse the previous day’s entire sell off it did manage to close above the 8 period moving averages. This average may offer some support to a further up move however Oil does also need to break the resistance of the 34 period moving average.As mentioned yesterday for upward momentum to continue we would like to see Oil breach and close above the 34 period moving averages and in the process pull along the 8 period moving averages with it so as to form Golden Cross (short term average crossing the long term average). A failure to do so will put the attention back on the short side with a breach and close of the 18th March low confirming a switch in 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

  10. #40

    Default

    Daily Technical Analysis for EURUSD as at 22nd March 2013

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



    Comments
    With Monday’s deadline for a solution looming and with the potential of more news over the weekend the market seems to be in wait and see mode as can be seen by this morning’s open and the tight range over the past three days.

    Our technical bias is negative but with so much news flow, the market as can be seen by this week’s price action is ranging and an ideal environment for scalpers with a sound strategy. With respect to pure position plays, our preference is to wait for a break of the range and trade the pullback on a lower time frame.

    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 March 2013

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



    Comments
    GBPUSD yesterday found good support at the 8 period moving averages and has this morning opened positively. As the Pound is moving towards resistance we are monitoring the price action for possible negative rotation. However with the 34 period moving averages looming above the current price action there is a possibility that the price action trades to this average before stalling

    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 March 2013

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



    Comments
    USDCHF this morning is attempting to trade above the 8 period moving averages. We would like to see a close above this average as confirmation of the continued up trend. However the weekly negative divergence needs to use up its energy and this might be occurring with the price action essentially ranging around the 8 period moving averages after the two day collapse of the 14th and 15th March. A failure to hold above the 8 period moving averages will probably mean a switch in bias and a move back to Fibonacci 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 USDJPY as at 22nd March 2013

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



    Comments
    After close above the 8 period moving average USDJPY yesterday was once again pushed back beneath it where it found support at the 34 period moving averages. The hidden weekly positive divergence is still in play therefore any resumption to the upside could possibly be strong and push the Yen past the last isolated HH. Alternatively the current ranging price action from the highs could be the USDJPY using up the energy of the divergence prior to breaking lower. The case for lower USJPY will be confirmed if the 34 period moving average can be broken and with the price action closing beneath it.

    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 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 has closed and is now trading above the 34 period moving averages. We are monitoring the price action to see if the 8 period moving average could form a Golden Cross (short average crossing above the long average). With a continued drop off in the 14 period Average True Range it would not be a surprise to see a resumption of wider range days. The tight range action is now entering its fourth day. We are monitoring break outs and break downs from this range with an eye being kept on the price reaction if it trades down 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 Oil (WTI) as at 22nd 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 is now trading within a four day congestion area and beneath the 8 period moving averages. We had been looking for a Golden Cross (short term average crossing the long term average) to occur. At present this is failing to happen therefore our attention falls back on the short side where pullbacks to the 8 period moving averages offering possible shorting 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

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