Daily Technical Analysis from ACFX

Daily Technical Analysis for EURUSD as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995




Comments
After 3 quiet days, EURUSD experienced a strong up move that was eventually held at the upper level of the converging triangle formation. We are monitoring the price action for a possible upside break of this triangle 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 GBPUSD as at 25h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
GBPUSD broke down from during yesterday’s session. There was an opportunity to short the pull back off the 1 hour chart in the area of 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 Gold as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80



Comments
Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back 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 Oil (WTI) as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20



Comments
The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade 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 USDCHF as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080



Comments
USDCHF is now trading beneath the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of 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 USDJPY as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


Comments
Once again USDJPY experienced a limited pull back and although it did manage to close beneath the 8 period moving averages, the longs came in push USDJPY past the previous isolated high. At some point this uptrend will end but the direction at the moment is one way with limited pullbacks.

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 Tren

Daily Technical Analysis from ACFX 28/1/2013

Daily Technical Analysis for EURUSD as at 28th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.4245
Stop : < 1.2995



Comments
On Friday the possible upside triangle break scenario that was identified on that morning’s analysis took place. The next target is some distance away at 1.4245. We are monitoring the price action so as to identify the next possible 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 GBPUSD as at 28h January 2013

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



Comments
GBPUSD continues to trade at its lows. We are monitoring the price action for a possible selling 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 28th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80




Comments
As posted previously “Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back 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 Oil (WTI) as at 28th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20



Comments
As previously posted “The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade 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 USDCHF as at 28th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080



Comments
USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back 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 28th January 2013

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



Comments
USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in.

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 from ACFX 29/1/2013

Daily Technical Analysis for EURUSD as at 29th January 2013

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



Comments
EURUSD yesterday traded at the highs of the previous days strong up move. This could be a pointer to a further potential upside break of the last isolated high at 1.3478. Alternatively, EURUSD may possibly trade back to the 8 period moving averages which have acted as good previous short term support and resistance. We have not identified any Fibonacci support zones yet as.

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 29h January 2013

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



Comments
GBPUSD continues to trade lower and is now very close to the upward sloping trend line which forms part of a multi month triangle pattern. As such it would not be a surprise if strong support was to come in at these levels. Alternatively, a break and close beneath trend line support could possibly point to much lower value for 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 Gold as at 29th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80




Comments
As mentioned in a previous post we are this morning monitoring the first possible signs of price rotation to the long side within Fibonacci support. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL.

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



Daily Technical Analysis for Oil (WTI) as at 29th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20




Comments
Oil as mentioned previously has found good support at the 8 period moving averages and is this morning attempting to trade above the small triangle 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 29th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080



Comments
As posted preciously, “USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back 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 January 2013

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



Comments
As posted previously, “USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in”.

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 from ACFX 30/1/2013

Daily Technical Analysis for EURUSD as at 30th January 2013

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



Comments
EURUSD yesterday broke higher after initially trading towards the 8 period moving averages. This was one of the scenarios mentioned in Tuesday’s update. We have not identified any Fibonacci support zones yet as.

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 30h January 2013

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



Comments
GBPUSD yesterday did find some support above upward sloping trend line which forms part of a multi month triangle pattern. We are monitoring the price action to see if GBPUSD can trade up to at least the 8 period moving averages. Alternatively GBPUSD could continue its move down 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 30th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80



Comments
The possible positive rotation in the Fibonacci area as previously mentioned would appear to be taking place with yesterday’s positive close which has carried on into today’s session. We are monitoring a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL.

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


Daily Technical Analysis for Oil (WTI) as at 30th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20



Comments
The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averages.

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


Daily Technical Analysis for USDCHF as at 30th January 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080



Comments
After initially trading down into the Fibonacci area USDCHF found support at the 61.8% retracement level. We are monitoring the price action for signs of further positive rotation.

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


Daily Technical Analysis for USDJPY as at 30th January 2013

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



Comments
We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in.

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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