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Thread: Daily Technical Analysis from ACFX

  1. #41

    Default Daily Technical Analysis 26.3.2013 ACFX.com

    Daily Technical Analysis for EURUSD as at 26th March 2013

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



    Comments
    There was a solution of sorts to the current Euro Zone crisis but we await the open of local Cyprus banks on Friday to see if there is capital flight and how the capital restrictions that are put in place prevent this.

    This morning the banking sectors and the citizens of Luxembourg, Malta and Slovenia are probably feeling a little on edge after the Dutch finance minister Jeroen Dijsselbloem and head of the Eurogroup made comments that Cyprus solution was a template for other countries with similar financial sectors to Cyprus. The markets took this as whose next? This can be seen clearly by the sharp reversal in EURUSD which initially attempted to break higher only to reverse and fall to a new low.

    The price action is now extended from the 8 period moving average and any pullbacks to this area are possible shorting opportunity. However with so much news around combined with European politicians and official’s propensity to brief without warning one has to expect increased volatility for the foreseeable future.

    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 March 2013

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



    Comments
    As predicted, GBPUSD traded to the 34 period moving average and resistance. This is an area where the upward momentum has stalled. We are monitoring the price action to see if it can reverse to the downside from these levels. However as the current price action is supported by the 8 period moving averages we would like to see a breach and close beneath this average to confirm any reversal. Alternatively, a breach and close above yesterdays range could possibly signal much higher values for GBPUSD especially as a breach above the range would signal the continuation of the move from an inverse head and shoulders 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 USDCHF as at 26th March 2013

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



    Comments
    There has been a great deal of volatility in USDCHF over past few sessions with a messy range and a wild reversal day yesterday that initially pushed the Franc lower to the 34 period moving average only to reverse and close higher. USDCHF is currently trading above the 8 period moving averages. We are monitoring a possible move 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 USDJPY as at 26th March 2013

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



    Comments
    The USDJPY is trading at the 34 period moving average and we are monitoring this area as potential support. If Yen can pop up above the 8 period moving average then we will monitor a possible move to the last isolated HH. Alternatively a close beneath the 34 period moving averages combined with a black cross, (the short average crossing beneath the long average) could signal a temporary end to this long up trend.

    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 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 found some resistance at the 34 period moving averages but as mentioned in previous postings we now have a Golden Cross (short average crossing above the long average). This could possibly signal higher values for Gold.

    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 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 broke higher from its congestion range and is once again there is a possibility of a Golden Cross (short term average crossing the long term average) occurring over the next couple of sessions. As the bias has once again switched to the long side we are monitoring pullbacks to the 8 period moving averages as 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

  2. #42

    Default

    Daily Technical Analysis for EURUSD as at 28th March 2013

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



    Comments
    The Cyprus banks are set to open today and all eyes are on the island to see if the capital controls work and how long they will be required. The fear is the longer controls are kept in place the more we get to a reality of a two tier Euro with the Cyprus Euro having a lower value than the Euro for the rest of Europe.

    This brings up the wider question of what is the true value of the Euro if you factor out the states that are having economic problems such as Italy. Furthermore is Germany and the North European states benefiting unfairly from a Euro whose value is low due to the Euro Zones economic crisis. If you tie this back into what has happened over the past two weeks the populations of Greece, Spain, Italy and now Luxembourg and Malta may begin to question the benefit of staying in a Euro Zone which they feel is geared to looking after the interest of bankers and the North European industrialists. With Slovenia, Luxembourg and Malta in the cross hairs of the Euro Group we are in for more interesting times.

    Back to technical’s, yesterday EURUSD continued on its downward path is now extended from the 8 period moving average and we continue to look for pullbacks to this average as 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

    Daily Technical Analysis for GBPUSD as at 28th March 2013

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



    Comments
    The Pound has benefited from the Euro Zones turmoil over the past couple of weeks and it is interesting to see if the continued chaos pushes funds in the direction of London.

    GBPUSD has traded away from resistance. This was to be expected after such a strong move back into resistance. We are monitoring the strength of the bounce from resistance and if another attempt is made to breach the resistance area.

    The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down 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 USDCHF as at 28th March 2013

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



    Comments
    The move to Target 1 continues with the price action some 15 pips away from this target. As we are using the 8 period moving average to shadow the move it would not be a surprising to see the Franc trade back down to its average which would once again offer 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 28th March 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 93.90 – 92.30
    Target 1 : 96.70
    Target 2 : 97.75
    Stop : 90.85



    Comments
    USDJPY continues to trade at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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 28th March 2013

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



    Comments
    With the our focus being increasingly drawn to the Golden Cross of the moving averages and with three days of price support around the average, a close today or tomorrow above both averages would switch our attention onto the long side.

    The degree of such a move is in question but possible targets could be the last isolated LH and then the down trend line. A breach of the last isolated LH would of course turn the swing count positive.

    Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 28th 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 move higher however we are noticing a decline in the daily range which is a possible indication that the price action needs to consolidate or correct itself prior to a further move to Target 1. This can be seen by the price extension from the 8 period moving. A move back to the average may offer 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

  3. #43

    Default

    Daily Technical Analysis for EURUSD as at 29th March 2013

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



    Comments
    The banks in Cyprus open on Thursday without much incident. However, this was probably due to most people having better things to do with their time then queue up to withdraw Euro 300. EURUSD did bounce a little but so far the move up is more like a wimper than an emphatic roar that the Euro Zone and Germany succeeded in their experiment .The rise in the Euro being more down to profit taking prior to the long weekend.

    With the Maltese trying to distance themselves to what happen in Cyprus with statements that their Banking sector is safe and the Slovenians fearing that they are now being targeted the significant news from London that after five years into this crisis the Bank of England’s Financial Committee has instructed the Banks to raise extra capital of GBP 25bn by the end of 2013 has gone a little unnoticed. It is probably a very sobering thought for the British people and much to the relief of the Euro Skeptics that the UK kept their pound and did not give up financial independence to European self interest groups that envy London’s dominant position as a financial centre in Europe.

    The scary thought would be the Euro Group seeing the Cyprus experiment being a success and then rolling out this template to the other PIIGS. This would of course cause capital flight to perceived safe countries such as Germany and Holland. How fortunate for them.

    Back to Cyprus the European Commission wants the capital controls want lifted as soon as possible but the Cyprus Finance Minister is talking about months. The targeting of deposit holders for the errors of well paid bankers has changed the rule book and the deposit holders who have been rewarded with worthless equity in banks will not forget what has happen so easily and those who have the ability to move funds to safer financial centers probably will.

    Back to the technical’s the Euro is basing and the price is a little extended from the averages but with bank holidays in Western Europe today and Monday in Cyprus Traders are probably keeping away from the markets over the long weekend.

    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 29th March 2013

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



    Comments
    The pound is trading just beneath resistance but we would expect a quiet day due to the Good Friday holiday.

    The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down 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 USDCHF as at 29th March 2013

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



    Comments
    USDCHF continues to trade just above the moving average after touching it twice. 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


    Daily Technical Analysis for USDJPY as at 29th March 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 93.90 – 92.30
    Target 1 : 96.70
    Target 2 : 97.75
    Stop : 90.85



    Comments
    USDJPY continues to trade within a very tight range at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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 29th 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 trade around its Golden cross but with the Markets closed until late on Sunday night there is not much to report with a close above both averages would switch our attention onto the long side and the targets being the last isolated LH and then the down trend line. As mentioned yesterday a breach of the last isolated LH would of course turn the swing count positive.

    Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 29th 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 grind higher without a pause with the price action getting more and more extended from the 8 period moving averages. A move back to the average may offer 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

  4. #44

    Default

    Daily Technical Analysis for EURUSD as at 2nd April 2013



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


    Comments
    EURUSD has traded back to the 8 period moving which is a possible initial area to monitor market rotation for shorting opportunities. As the Fibonacci shorting area we have identified is some 375 pips from the current price a more appropriate target if the Euro trades higher could potentially be 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 USDCHF as at 2nd April 2013



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


    Comments
    USDCHF would appear to be attempting to put in a lower high. A breach of the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up 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

    Daily Technical Analysis for Oil (WTI) as at 2nd April 2013



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



    Comments
    After a continued up move Oil did pull back and as expected found support at the 8 period moving averages. We are monitoring the price action at these levels to see if support can hold and possibly push Oil 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 Gold as at 2nd April 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 trade around its Golden cross and within a tight range. A breakout from the current level may potentially push Gold into the direction of the downward sloping trend line.

    Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 USDJPY as at 2nd April 2013



    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 93.90 – 92.30
    Target 1 : 96.70
    Target 2 : 97.75
    Stop : 90.85



    Comments
    USDJPY moved lower and for the first time since 11th October 2012 the 8 period moving averages has crossed beneath the 34 period moving averages. The move into Fibonacci support has also been very aggressive. The long scenario would be to purchase USDJPY within the Fibonacci support area but we would like to see a support base built before longs are taken. The alternative scenario would be for an extended down trend with shorting opportunities on pull backs 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 GBPUSD as at 2nd April 2013



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


    Comments
    Although the pound continues to trade beneath resistance the potential Golden Cross that we had been monitoring has been completed. The Golden cross combined with the inverse Head and Shoulders patterns potentially points GBPUSD trading up to the downward sloping trend line.

    Alternatively a failure to trade above resistance will put the bias back onto the down 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
    Last edited by Atlas CapitalFx; 04-02-2013 at 09:54.

  5. #45

    Default

    Daily Technical Analysis for EURUSD as at 3rd April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -



    Comments
    The 8 period moving averages have provided initial resistance and EURUSD has moved down from this level by some 80 pips. We are monitoring a potential move towards the last isolated LL. A breach of the last LL would confirm the continued downward momentum and a possible move to 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 3rd April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -



    Comments
    Yesterday GBPUSD attempted to breach horizontal resistance but failed to break that level and reversed. This reversal has continued today with a negative open.

    Although the past two days action has been bearish both the Golden Cross and the inverse Head and Shoulders pattern are still in play which may give those with a bullish bias some encouragement.

    If the price action can hold above the last LL a third attempt at taking out resistance should not be ruled out. Alternatively a failure to breach resistance should give bears encouragement to push GBPUSD to the area of the last 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 USDCHF as at 3rd April 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -



    Comments
    USDCHF continues to find support at the 8 period moving averages. A breach of the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up 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

    Daily Technical Analysis for USDJPY as at 3rd April 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 93.90 – 92.30
    Target 1 : 96.70
    Target 2 : 97.75
    Stop : 90.85



    Comments
    The 8 period moving averages continue to trade beneath the 34 period moving averages which is technically short. However USDJPY has found support in the Fibonacci area and offers the possibility of taking longs at these levels. The alternative scenario would be for an extended down trend with shorting opportunities on pull backs 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 3rd April 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 91.70 – 87.90
    Target 1 : 98.20
    Target 2 : 100.40
    Stop : 85.20



    Comments
    Yesterday Oil moved to the 8 period averages where support was found. We are monitoring the price action at these levels to see if support can hold and possibly push Oil to Target 1. The alternative scenario would be for a breach of the 8 period moving average and a move into the direction of the 34 period moving 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 3rd April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    Gold yesterday broke down and this negative momentum has continued this morning. If Gold can breach the last isolated HL it would not be a surprise if the bears push Gold into the direction of the last isolated LL. A breach of these levels would of course confirm the continued down trend.

    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. #46

    Default

    Daily Technical Analysis for EURUSD as at 4th April 2013

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



    Comments
    EURUSD continues to trade at the 8 period moving averages which is offering some resistant to further upside momentum.

    If we can get an open and close above this average them there is potential for a continued move to the 34 period moving averages.

    Alternatively a failure to clear the 8 period moving averages would indicate a possible move to towards the last isolated LL. A breach of the last LL would confirm the continued downward momentum and a possible move to 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 April 2013

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



    Comments
    After Monday’s strong down day, GBPUSD has consolidated at the lows.

    Although the Golden Cross and the inverse Head and Shoulders pattern are still in play we would like to see the price action to trade above the 8 period moving averages as confirmation of a long bias prior to trading up to and breaching resistance.

    The bearish alternatively would be for GBPUSD to fail to trade above the 8 period moving averages and breach resistance. This would indicate the possibility of GBPUSD of moving into the direction of the last 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 USDCHF as at 4th April 2013

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



    Comments
    USDCHF has today opened beneath the 8 period moving averages and moving into the direction of the 34 period moving averages which is an area where we will monitor the price action for potential support.

    If USDCHF can trade beneath the 34 period moving averages and breach the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up 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


    Daily Technical Analysis for USDJPY as at 4th April 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 93.90 – 92.30
    Target 1 : 96.70
    Target 2 : 97.75
    Stop : 90.85



    Comments
    This morning’s news of Bank of Japan bond purchases has pushed USDJPY higher. This news coincided with the price action trading within Fibonacci support area. We are now monitoring 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

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


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



    Comments
    Yesterday Oil slashed through the 8 period moving averages and is now approaching the 34 period moving averages where we will monitor the price action for potential support. A break of the 34 period moving averages could possibly indicate a move 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 Gold as at 4th April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1619.30 – 1656.55
    Target 1 : 1554.60
    Target 2 : 1526.85
    Stop : 1684.80



    Comments
    Gold yesterday continued with the downward momentum and took out both the prior HL and LL and in the process hitting Target 1. The price action is currently extended from the 8 period moving averages. As such any pull backs to this average can be possibly viewed as 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

  7. #47

    Default

    Daily Technical Analysis for EURUSD as at 8th April 2013

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



    Comments
    Thursdays stellar up day was followed on Friday with a further strong positive close. However on this occasion some selling did come in during the latter part of the London session which was continued in New York. This selling came in at around the 34 period moving average levels. Friday’s up move did not manage to take out the highs of the 25th March which needs to happen if we are going to have confirmation of a continued up move.

    This morning EURUSD has opened flat to negative but as we are extended from the 8 period moving average it would not be a surprise if the price action traded back to this average.

    Alternatively, and as happened on Friday this morning’s negativity could offer the opportunity to either purchase this morning’s weakness or place orders above the high so as to participate in any long break out.


    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 April 2013

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



    Comments
    On Friday we saw a close above resistance and a HL HH combination that followed the proceeding Golden Cross with price action trading and closing above the averages.

    As we are in firmly bullish mode, buying weakness as the price action approaches support or placing orders above the last isolated HH is a possibility if one wanted to participate in any further potential up move with a target being the downward sloping trend line.

    Alternatively, if EURUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 USDJPY as at 8th April 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 96.00 – 94.30
    Target 1 : 98.85
    Target 2 : 100.45
    Stop : 92.55



    Comments
    USDJPY has continued its near vertical up move since the Bank of Japan news. However the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. Therefore it would not be unlikely if the price action trends down to sideways thus allowing the averages to catch up with the last move.
    Alternatively, one could possibly participate in a further potential up move by buying weakness or placing long orders above 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 USDCHF as at 8th April 2013

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



    Comments
    Over the past couple of weeks, USDCHF has put in a bearish LH LL combination which has seen the price action trade down to just above Fibonacci support. With the weekly trend being positive, we are monitoring the price action for potential buying opportunities.

    However due to the current negative of the daily trend during this corrective pull back. Retracements to the 8 period moving averages could also offer possible opportunities to enter short on approaches to this average.

    Alternatively a continuation of the daily LH LL sequence could possibly push USDCHF down further and in the process change the weekly trend to negative.

    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 April 2013

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



    Comments
    Oil moved marginally lower on Friday but found support at the upward sloping trend line and just above the Fibonacci supports area.

    We are currently monitoring the price action for a bullish rotation within Fibonacci support area.

    Alternatively this morning negative open could possibly continue with a move to the upward sloping trend line.

    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 April 2013

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



    Comments
    The Hammer Candlestick that was identified on Friday morning did precede a continued buying on that day that pushed Gold back to the averages and Fibonacci resistance.

    We are currently monitoring the price action at these levels as a potential shorting opportunity.

    Alternatively, if Gold can trade and close above the two averages a move up to the last isolated LH cannot be discounted.

    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. #48

    Default

    Daily Technical Analysis for EURUSD as at 9th April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -



    Comments
    Last week’s positive theme has continued into this week with the price action trading above the averages and the 25th March high.

    With the market trending positively both within daily and weekly time frames one would look for buying opportunities on approaches to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high. Any further positivity would most probably create a golden cross of the averages.

    As the conservative long scenario is to purchase weakness at the 34 and 8 period moving averages and then at daily Fibonacci support this would also imply a possibility that EURUSD could also experience a substantial pull back. As the moving averages have not as yet positively crossed on the daily chart and furthermore as we have not had a Higher Low, the uptrend on the daily chart has not been confirmed. Therefore a reversion to a broader negative trend is also a possibility if a positive trend confirmation does not happen in the next few sessions.

    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 9th April 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -



    Comments
    Yesterday’s pullback into support was not unexpected after two strong up days. The price action has approached the 8 period moving averages which offer the possibility of buying weakness with a target being the downward sloping trend line.

    Alternatively, if EURUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 USDJPY as at 9th April 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 96.00 – 94.30
    Target 1 : 98.85
    Target 2 : 100.45
    Stop : 92.55



    Comments
    USDJPY has been totally news driven but with 100 number looming over head there is a possibility that the Yen’s weakness is halted at this level but there is still a relatively small distance to go before this currency pair reaches this number.
    As mentioned yesterday however the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. Therefore it would not be unlikely if the price action trends down to sideways thus allowing the averages to catch up with the last 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 USDCHF as at 9th April 2013
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -




    Comments
    With the price action basing above both daily and weekly Fibonacci support we are monitoring the price action for potential buying opportunities. However there is a possibility that USDCHF drops a further 170 pips into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has retraced sufficiently into this area.

    Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with an initial target being the 8 period moving averages. However as there is an established bearish LH LL combination the short side on approaches to the 8 period moving average could also offers some down side 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 Oil (WTI) as at 8th April 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 trading higher off the support area that we identified. The possible initial target is the 8 period moving averages.

    Alternatively a failure to close higher by the end of today’s session could give the bears encouragement to push Oil back to trend support for a further retest.

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

    Daily Technical Analysis for Gold as at 9th April 2013
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1577 – 1599.25
    Target 1 : 1539.30
    Target 2 : 1526.85
    Stop : 1616.60



    Comments
    Gold continues to trade around Fibonacci resistance and the moving averages.We are currently monitoring the price action at these levels as a potential shorting opportunity.

    Alternatively, if Gold can trade and close above the two averages a move up to the last isolated LH cannot be discounted.

    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. #49

    Default

    Daily Technical Analysis for EURUSD as at 11th April 2013

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



    Comments
    EURUSD yesterday initially traded higher only to close negatively for the first time in 5 days. The moving

    averages are kissing each other in what is a potential Golden Cross.

    As the price action is fairly extended from the averages we are monitoring buying opportunities on approaches

    to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more

    aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high.

    The target for any long side move initially being overhead Fibonacci resistance and then the upward sloping

    trend line.

    A corrective pullback is a possibility and we are therefore monitoring the power of the next correction to see

    how this impacts the potential changes of trend. If a new HL can be formed then this will of course give

    further confirmation to the long 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 11th April 2013

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



    Comments
    GBPUSD continues to trade close to support and the 8 period moving averages. We are monitoring a potential

    move to the downward sloping trend line.

    Alternatively, if GBPUSD fails to hold above the last isolated HL then there is a possibility of a move to the

    last 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 USDJPY as at 11th April 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 96.00 – 94.30
    Target 1 : 98.85
    Target 2 : 100.45
    Stop : 92.55




    Comments
    USDJPY continues to edge closer to the 100 level but at a somewhat slow pace.
    However the price action is somewhat extended from the averages and we have a pronounced RSI negative

    divergence setting up.
    The question is does USDJPY go down first before it tests the 100 level or does it make an attempt to push

    through this level now. Very exciting times if you trade this currency pair.
    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 April 2013

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



    Comments
    Oil this morning is attempting to trade above the 8 period moving averages in what is a potential resumption

    of the long trend.

    Alternatively if the move fails to trade higher with any conviction a breach of the 34 period moving averages

    could give the bears encouragement to push Oil back to retest 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 Gold as at 11th April 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1577 – 1599.25
    Target 1 : 1539.30
    Target 2 : 1526.85
    Stop : 1616.60



    Comments
    Gold has broken down from Fibonacci resistance and the moving averages. We are currently monitoring 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

    Daily Technical Analysis for USDCHF as at 11th April 2013

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



    Comments
    The price action continues to trade above both daily and weekly Fibonacci support we are monitoring the price

    action for potential buying opportunities. However there is a potential that USDCHF drops a further 170 pips

    into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has

    retraced sufficiently into this area.

    Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with

    an initial target being the 8 period moving averages. However as there is an established bearish LH LL

    combination the short side on approaches to the 8 period moving average could also offers some down side

    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

  10. #50

    Default

    Daily Technical Analysis for EURUSD as at 12th April 2013

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



    Comments
    EURUSD continues to trade higher and the Golden Cross has been completed therefore reinforcing the bullish bias.

    As the price action is fairly extended from the averages we are monitoring buying opportunities on approaches to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high. The target for any long side move initially being overhead Fibonacci resistance and then the upward sloping trend line.

    A corrective pullback is a possibility and we are therefore monitoring the power of the next correction to see how this impacts the potential changes of trend. If a new HL can be formed then this will of course give further confirmation to the long 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 12th April 2013

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




    Comments
    Further to yesterdays commentary GBPUSD continues to trade above support and the 8 period moving averages. We are monitoring a potential move to the downward sloping trend line.

    Alternatively, if GBPUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 Gold as at 12th April 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1577 – 1599.25
    Target 1 : 1539.30
    Target 2 : 1526.85
    Stop : 1616.60



    Comments
    As posted yesterday, Gold has broken down from Fibonacci resistance and the moving averages. We are currently monitoring 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

    Daily Technical Analysis for Oil (WTI) as at 12th April 2013

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



    Comments
    Oil did attempt to trade above the 8 period moving averages only to fall back and is now trading beneath the 34 period moving averages.

    We are monitoring a possible move to the 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 USDCHF as at 12th April 2013

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



    Comments
    The price action continues to trade above both daily, weekly Fibonacci and trend line support we are monitoring the price action for potential buying opportunities. However there is a potential that USDCHF drops a further 170 pips into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has retraced sufficiently into this area.

    Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with an initial target being the 8 period moving averages. However as there is an established bearish LH LL combination the short side on approaches to the 8 period moving average could also offers some down side 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 USDJPY as at 12th April 2013

    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 96.00 – 94.30
    Target 1 : 98.85
    Target 2 : 100.45
    Stop : 92.55



    Comments
    As commented yesterday, USDJPY continues to edge closer to the 100 level but at a somewhat slow pace.
    However the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up.
    The question is does USDJPY go down first before it tests the 100 level or does it make an attempt to push through this level now. Very exciting times if you trade this currency pair.
    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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