Daily Technical Analysis from ACFX

[Atlas Capital FX]

Daily Technical Analysis for 19th December 2013 from ACFX

Daily Technical Analysis for 19th December 2013 from ACFX

EURUSD

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 84 pips lower from its open whilst trading a 138 pip range.

The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Yesterday EURUSD experienced a strong downside corrective mover that has taken it beyond trend line resistance.


I am monitoring a potential move to the 34 period moving averages.


Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

Focus on today

This morning’s EURUSD is trading below the previous day’s low and within a 44 pip early morning Tokyo session range. Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

AS EURUSD is trading between the 1.3520/1.3565 and 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

Key intraday levels
EURUSD: 1.3520 1.3565, 1.3763, 1.3811




GBPUSD

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 127 pips higher from its open whilst trading a 222 pip range.

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today

This morning’s GBPUSD is trading within the previous day’s range within a 27 pip early morning Tokyo session range. Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to1.6419/1.6466 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.



USDJPY

Yesterday’s summary

Yesterday’s trading saw USDJPY close 163 pips higher from its open whilst trading a 181 pip range.

The price action continues to have a positive daily swing bias with the price action having completed its correction down to the 8 period moving averages and bounced higher.

Focus on today

This morning’s USDJPY is trading within the previous day’s range and within a 44 pip early morning Tokyo session range. Furthermore currently USDJPY has this morning broken down from its 103.97/104.36 morning range high.

AS USDJPY is trading just beneath the 103.97/104.36 congestion range, I am monitoring the potential for the price action to continue with the downside momentum.

Alternatively USDJPY could continue to trade back into the 103.97/104.36 area and stay here for between the rest of the session.

Key intraday levels
USDJPY: 102.00, 102.35, 103.97, 104.36.



USDCHF

Yesterday’s summary

Yesterday’s trading saw USDCHF closed 90 pips higher from its open price pips whilst trading a 103 pip range.

Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

Focus on today

This morning’s USDCHF is trading above the previous day’s high and within a 27 pip early morning Tokyo session range. Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.91101 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.980 levels for the rest of the day.

Furthermore currently USDCHF is also trading within the 0.8831 to 0.8869 price congestion zone.

Key intraday levels
USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

 

[Atlas Capital FX]

Daily Technical Analysis for 20th December 2013 from ACFX

Daily Technical Analysis for 20th December 2013 from ACFX


EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 23 pips lower from its open whilst trading a 42 pip range.

Market overview
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Yesterday EURUSD experienced a strong downside corrective mover that has taken it beyond trend line resistance. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

Focus on today
This morning EURUSD is trading below the previous day’s low and within a 30 pip early morning Tokyo session range.

Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

Key intraday levels
EURUSD: 1.3520 1.3565, 1.3763, 1.3811.



GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 5 pips lower from its open whilst trading a 62 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 40 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.
Please scroll down

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.



USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 5 pips higher from its open whilst trading a 58 pip range.

Market overview
The price action continues to have a positive daily swing bias with the price action having completed its correction down to the 8 period moving averages and bounced higher.

Focus on today
This morning USDJPYis trading above the previous day’s high and within a 36 pip early morning Tokyo session range.

Furthermore currently USDJPY has this morning trading above the previous day range high of 103.97 to 104.36.

AS USDJPY is trading just above the 103.97 to 104.36 congestion range, I am monitoring the potential for the price action to continue with the upside momentum.

Alternatively USDJPY could continue to trade within the 103.97 to 104.36 area for the rest of the session.

Key intraday levels
USDJPY: 102.00, 102.35, 103.97, 104.36.



USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 39 pips higher from its open whilst trading a 52 pip range.

Market overview
Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

Focus on today
This morning USDCHF is trading above the previous day’s high and within a 20 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.9080 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

 

[Atlas Capital FX]

Daily Technical Analysis 23rd December 2013 from ACFX

Daily Technical Analysis 23rd December 2013 from ACFX



EURUSD

Yesterday’s summary
Friday’s trading saw EURUSD end the session 17 pips higher from its open whilst trading a 84 pip range.

Market overview
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Friday EURUSD closed within the range of the previous day. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

Focus on today
This morning EURUSD is trading within the previous day’s range and within a 22 pip early morning Tokyo session range.

Furthermore currently EURUSD is also trading between the .3520/1.3565 to 1.3763/1.3811 price congestion areas.

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

Key intraday levels
EURUSD: 1.3520 1.3565, 1.3763, 1.3811


GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 36 pips lower from its open whilst trading a 80 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 40 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.



USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 21 pips lower from its open whilst trading a 77 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning USDJPYis trading within the previous day’s range and within a 13 pip early morning Tokyo session range.

Furthermore currently USDJPY has this morning trading within the 103.97 to 104.36 previous day range high.

AS USDJPY is trading between the 103.97 to 104.36 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDJPY trades in between the 103.97 to 104.36 levels for the rest of the day.

Key intraday levels
USDJPY: 102.00, 102.35, 103.97, 104.36.


USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 18 pips lower from its open whilst trading a xx pip range.

Market overview
Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

I am monitoring for a possible return back to the down trend.

Focus on today
This morning USDCHF is trading within the previous day’s range and within a 16 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.9080 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

 

[Atlas Capital FX]

Daily Technical Analysis for 24th December 2013 from ACFX

Daily Technical Analysis for 24th December 2013 from ACFX



EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 25 pips higher from its open whilst trading a 48 pip range.

Market overview
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Friday EURUSD closed within the range of the previous day. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

Focus on today
This morning EURUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

Key intraday levels
EURUSD: 1.3520 1.3565, 1.3763, 1.3811



GBPUSD

esterday’s summary
Yesterday’s trading saw GBPUSD end the session 20 pips higher from its open whilst trading a 51 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 27 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.




USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 9 pips higher from its open whilst trading a 34 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning USDJPYis trading above the previous day’s high and within a 29 pip early morning Tokyo session range.

Furthermore currently USDJPY has this morning trading within the 103.97 to 104.36 previous day range high.

AS USDJPY is trading between the xx/xx and xx/xx price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.
Alternatively there is a possibility that USDJPY trades in between the xx to xx levels for the rest of the day.


AS USDJPY is trading between the 103.97 to 104.36 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively USDJPY could continue to trade within the 103.97 to 104.36 area for the rest of the session.

Key intraday levels
USDJPY: 102.00, 102.35, 103.97, 104.36.



USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 25 pips lower from its open whilst trading a 44 pip range.

Market overview
Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

I am monitoring for a possible return back to the down trend.

Focus on today
This morning USDCHF is trading within the previous day’s range and within a 23 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.8982/0.9001 price congestion areas.

AS USDCHF is trading between the 0.8831/0.8869 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.8982 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8831, 0.8869, 0.8982, 0.9001.

 

[Atlas Capital FX]

Daily Technical Analysis for 27th December 2013 from ACFX

Daily Technical Analysis for 27th December 2013 from ACFX



EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 11 pips higher from its open whilst trading a 27 pip range.

Market overview
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Thursday EURUSD traded and closed within the range of the previous day. EURUSD has this morning broken back above the 8 period moving averages. I am monitoring a potential move to the 25th October swing high pivot at 1.3832.

Focus on today
This morning EURUSD is trading above the previous day’s high and within a 84 pip early morning Tokyo session range.

Furthermore currently EURUSD has this morning broken into the 1.3763 to 1.3811 range high.

AS EURUSD is trading just broken into the 1.3763/1.3811 congestion range, I am monitoring the potential for the price action to continue with further upward momentum.

Alternatively EURUSD could find resistance as it trades into the 1.3763/1.3811 congestion range which could lead to a potential downside pressure.

Key intraday levels
EURUSD: 1.3624 1.3647, 1.3763, 1.3811




GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 27 pips higher from its open whilst trading a 69 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

Focus on today
This morning GBPUSD is trading above the previous day’s high and within a 69 pip early morning Tokyo session range.

Furthermore currently GBPUSD has this morning trading within the 1.6419/1.6485 range high.

AS GBPUSD is trading just between the 1.6419/1.6485 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively GBPUSD could continue to trade within the 1.6419/1.6485 area for the rest of the session.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6419, 1.6485.




USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 5 pips higher from its open whilst trading a 15 pip range.

Market overview
The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 8 period moving averages.

Focus on today
This morning USDJPY is trading below the previous day’s low and within a 36 pip early morning Tokyo session range.

Furthermore currently USDJPY has this morning trading within the 104.67/105.03 previous day range high.

AS USDJPY is trading within the 104.67/105.03 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively USDJPY could continue to trade within the 104.67/105.03 area for the rest of the session.

Key intraday levels
USDJPY: 102.49, 102.69, 104.67, 105.03.




USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 2 pips higher from its open whilst trading a 18 pip range.

Market overview
Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.
I am monitoring a possible return back to the down trend with this early morning negativity potentially indicating this scenario.

Focus on today
This morning USDCHF is trading below the previous day’s low and within a 52 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 and 0.8982/0.9001 price congestion areas.

AS USDCHF is trading between the 0.8831/0.8869 and 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8869/0.8982 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8831, 0.8869, 0.8982, 0.9001.

 

[Atlas Capital FX]

Daily Technical Analysis for 30th December 2013 from ACFX

Daily Technical Analysis for 30th December 2013 from ACFX



EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 56 pips higher from its open whilst trading a 205 pip range.

Market overview
Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

Friday’s EURUSD traded an extremely large upside move of some 205 pips which is nearly 3 times the average daily range. The move proved to be too big and this eventually led to a correction back to support. . I am monitoring a possible continuation of the upside momentum.

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 35 pip early morning Tokyo session range.

Furthermore currently EURUSD is this morning trading within the 1.3893/1.3837 morning range low.

AS EURUSD is trading between the 1.3893/1.3837 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively EURUSD could continue to trade within the 1.3893/1.3837 area for the rest of the session.

Key intraday levels
EURUSD: 1.3727 1.3762, 1.3837, 1.3893



GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 72 pips higher from its open whilst trading a 173 pip range.

Market overview
The price action continues to have a positive daily swing bias on both daily and weekly time frames with the current market activity being a continuation of the bounce off the 8 period moving averages.

Friday’s volatile price action printed a large 173 pip daily range. On breaching the previous high of 1.6484 by some distance GBPUSD experienced a correction back to this level. I am monitoring a possible continuation of the upside momentum.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6213/1.6283 to 1.6527/1.6577 levels for the rest of the day.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6527, 1.6577.



USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 37 pips higher from its open whilst trading a 57 pip range.

Market overview
USDJPY continues to have a positive daily and weekly swing bias and is currently moving higher following a correction back towards the 8 period moving averages. I am monitoring a possible continuation of the upside momentum.

Focus on today
This morning USDJPYis trading above the previous day’s high and within a 15 pip early morning Tokyo session range.

Furthermore currently USDJPY is this morning trading within the 105.15/105.41 morning range high.

AS USDJPY is trading just above/beneath/between the 105.15/105.41 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively USDJPY could continue to trade within the 105.15/105.41 area for the rest of the session.

Key intraday levels
USDJPY: 103.76, 103.98, 105.15, 105.41.



USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 49 pips lower from its open whilst trading a 168 pip range.

Market overview
USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

Friday’s price action was extremely volatile with USDCHF printing a very large 168 pip range. The initial early morning move breached the previous swing low. However the latter part of the trading day saw USDCHF correct back to the 8 period moving averages value area. I am monitoring a possible continuation of the downside momentum.

Focus on today
This morning USDCHF is trading within the previous day’s range and within a 26 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas.

AS USDCHF is trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8798/0.8844 to 0.8982/0.9001 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8798, 0.8844, 0.8982, 0.9001.

 

[Atlas Capital FX]

Daily Technical Analysis for 31th December 2013 from ACFX

Daily Technical Analysis for 31th December 2013 from ACFX


EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 44 pips higher from its open whilst trading a 91 pip range.

Market overview
Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

Monday’s price action was a continuation of the bounce off support and the 8 period moving averages as it traded within Friday’s range. I am monitoring the possibility of further upside movement.

Focus on today
This morning EURUSD is trading within the previous day’s range and within a 25 pip early morning Tokyo session range.

Furthermore currently EURUSD is this morning trading within the 1.3893/1.3837 morning range low.

AS EURUSD is trading between the 1.3893/1.3837 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively EURUSD could continue to trade within the 1.3893/1.3837 area for the rest of the session.

Key intraday levels
EURUSD: 1.3727 1.3762, 1.3837, 1.3893



GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 17 pips higher from its open whilst trading a 75 pip range.

Market overview
The price action continues to have a positive daily swing bias on both daily and weekly time frames with the current market activity being a continuation of the bounce off the 8 period moving averages.
Monday’s price action was a continuation of the bounce off support and the 8 period moving averages as it traded within Friday’s range. I am monitoring the possibility of further upside movement.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas.

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6213/1.6283 to 1.6527/1.6577 levels for the rest of the day.

Key intraday levels
GBPUSD: 1.6213, 1.6283, 1.6527, 1.6577.



USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 7 pips lower from its open whilst trading a 46 pip range.

Market overview
USDJPY continues to have a positive daily and weekly swing bias and is currently moving higher following a correction back towards the 8 period moving averages.
Monday’s price action saw USDJPY take a pause following its stellar rise. I am monitoring a possible continuation of the upside momentum however the price action is becoming increasingly extended from its averages.

Focus on today
This morning USDJPY is trading below the previous day’s low and within a 10 pip early morning Tokyo session range.

Furthermore currently USDJPYis also trading between the 103.76/103.98 to 105.15/105.41 price congestion areas.

AS USDJPY is trading between the 103.76/103.98 to 105.15/105.41 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDJPY trades in between the 103.98 to 105.15 levels for the rest of the day.

Key intraday levels
USDJPY: 103.76, 103.98, 105.15, 105.41.



USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 33 pips lower from its open whilst trading a 73 pip range.

Market overview
USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

Monday’s price action can be viewed as a return to the down trend followed USDCHF trading back to 8 period moving averages value area. I am monitoring a possible continuation of the downside momentum.

Focus on today
This morning USDCHF is trading within the previous day’s range and within a 23 pip early morning Tokyo session range.

Furthermore currently USDCHF is also trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas.

AS USDCHF is trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDCHF trades in between the 0.8798/0.8844 to 0.8982/0.9001 levels for the rest of the day.

Key intraday levels
USDCHF: 0.8798, 0.8844, 0.8982, 0.9001.

 

[Atlas Capital FX]

Daily Technical Analysis for 3rd January 2014 from ACFX

Daily Technical Analysis for 3rd January 2014 from ACFX

EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 83 pips lower from its open whilst trading a 145 pip range.

Market overview
Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

Thursday’s price action saw EURUSD continue its correction down to the 34 period moving averages. I am monitoring the possibility of an upward bounce from this area.

Focus on today
This morning EURUSD is trading within the previous day’s range and within a 25 pip early morning Tokyo session range.

Furthermore currently EURUSD is this morning trading within the 1.3629/1.3675 previous day range low.

AS EURUSD is trading between the 1.3629/1.3675 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively EURUSD could continue to trade within the 1.3629/1.3675 area for the rest of the session.

Key intraday levels
EURUSD: 1.3629, 1.3675, 1.3791, 1.3819.



GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 114 pips lower from its open whilst trading a 193 pip range.

Market overview
The price action continues to have a positive daily swing bias on both daily and weekly time frames.
Thursday’s price action can be viewed as a correction towards the 8 period moving averages. I am monitoring the possibility of further upside movement.

Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 38 pip early morning Tokyo session range.

Furthermore currently GBPUSD is this morning trading within the 1.6409/1.6459, previous day range low.

AS GBPUSD is trading between the 1.6409/1.6459 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively GBPUSD could continue to trade within the 1.6409/1.6459 area for the rest of the session.

Key intraday levels
GBPUSD: 1.6409, 1.6459, 1.6570, 1.6603.



USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session 53 pips lower from its open whilst trading a 90 pip range.

Market overview
USDJPY continues to have a positive daily and weekly swing bias but is currently experiencing a downside correction.
Thursday’s price action can be viewed as a controlled correction down to the 8 period moving averages. I am monitoring the possibility of a return to the uptrend. However this morning’s has seen an acceleration of the down trend. Therefore there is potential of USDJPY moving down to the 34 period moving averages.

Focus on today
This morning USDJPY is trading below the previous day’s low and within a 78 pip early morning Tokyo session range.

Furthermore currently USDJPYis also trading between the 103.76/103.98 to 105.23/105.44 price congestion areas.

AS USDJPY is trading between the 103.76/103.98 to 105.23/105.44 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDJPY trades in between the 103.76/103.98 to 105.23/105.44 levels for the rest of the day.

Key intraday levels
USDJPY: 103.76, 103.98, 105.23, 105.44.



USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 70 pips higher from its open whilst trading a 119 pip range.

Market overview
USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

Thursday’s price action saw USDCHF trade aggressively higher as the price action broke above the 8 period moving averages. I am monitoring the price action as it trades around the down trend line and 34 period moving averages. A bounce off this area could possibly indicate a resumption of the down trend however a break above this area could potentially indicate an acceleration of upside momentum.

Focus on today
This morning USDCHF is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

Furthermore currently USDCHF is this morning trading within the 0.8986/ 0.9028 previous day range high.

AS USDCHF is trading between the 0.8986/ 0.9028 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively USDCHF could continue to trade within the 0.8986/ 0.9028 area for the rest of the session.

Key intraday levels
USDCHF: 0.8798, 0.8844, 0.8986, 0.9028.

 

[Atlas Capital FX]

Daily Technical Analysis for 10th January 2014 from ACFX

EURUSD

Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 32 pips higher from its open whilst trading a 87 pip range.

Market overview
Following the breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. However the recent bearish price action has led to the averages crossing negatively.

Thursday’s price action saw EURUSD trade down to the upward trend line where it found strong support. The effect was for EURUSD to trade and close higher. I am this morning monitoring the possibility that yesterdays move follows through into today’s trading day and for EURUSD trade higher. However a breach of trend line support could see EURUSD could see EURUSD trade down to the 1.3525 level which is a prior congestion area.
Focus on today
This morning EURUSD is trading within the previous day’s range and within a 17 pip early morning Tokyo session range.

Furthermore currently EURUSD is this morning trading within the 1.3546/1.3633 previous day range low.

AS EURUSD is trading between the 1.3546/1.3633 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively EURUSD could continue to trade within the 1.3546/1.3633 area for the rest of the session.

GBPUSD

Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 33 pips higher from its open whilst trading a 59 pip range.

Market overview
The price action continues to have a positive daily swing bias on both daily and weekly time frames. Following a correction down Fibonacci and trend line support it would appear that GBPUSD is attempting to resume its prior up trend.
Thursday’s price action saw GBPUSD continue to trade higher as it shadows the 8 period moving averages. This morning I am monitoring the possibility of a higher values for GBPUSD during today’s trading day. However a breach of yesterday’s low could see GBPUSD trade down to trend line support.
Focus on today
This morning GBPUSD is trading within the previous day’s range and within a 10 pip early morning Tokyo session range.

Furthermore currently GBPUSD is also trading between the 1.6336/1.6380 to 1.6570/1.6603 price congestion areas.

AS GBPUSD is trading between the 1.6336/1.6380 to 1.6570/1.6603 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that GBPUSD trades in between the 1.6380 to 1.6570 levels for the rest of the day.

USDJPY

Yesterday’s summary
Yesterday’s trading saw USDJPY end the session unchanged from its open whilst trading a 48 pip range.

Market overview
USDJPY continues to have a positive daily and weekly swing bias. After experiencing a minor controlled correction it would appear that USDJPY is attempting to resume its prior positive trend.
Thursday’s was a quiet day for USDJPY as it traded and closed around the 8 period moving averages. The price action this morning has opened up within yesterday’s range. A break above yesterday’s high or low could indicate the possible market direction for the day.
Focus on today
This morning USDJPYis trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

Furthermore currently USDJPYis also trading between the 103.90/104.36 to 105.23/105.44 price congestion areas.

AS USDJPY is trading between the 103.90/104.36 to 105.23/105.44 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDJPY trades in between the 104.36 to 105.23 levels for the rest of the day.

USDCHF

Yesterday’s summary
Yesterday’s trading saw USDCHF end the session 37 pips lower from its open whilst trading a 62 pip range.

Market overview
USDCHF continues to have a negative daily and weekly swing bias however the recent prices action has seen USDCHF appreciate. The recent move has lead to the averages crossing positively.

Thursday’s price action finally saw USDCHF the first strong bearish activity in 8 days of trading. I am this morning monitoring the possibility of USDCHF resuming its daily and weekly down trend. However a sustained move back into the previous two days range high could see USDCHF continue with the recent positive correction.
Focus on today
This morning USDCHF is trading below the previous day’s low and within a 15 pip early morning Tokyo session range.

Furthermore currently USDCHF is this morning trading within the 0.9076/0.9127 previous day range high.

AS USDCHF is trading just above/beneath/between the 0.9076/0.9127 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

Alternatively USDCHF could continue to trade within the 0.9076/0.9127 area for the rest of the session.

 

[Atlas Capital FX]

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