DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263
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Comments
As previously posted, “EURUSD continues to trade above a recent congestion area and moving average. A break beneath this area will mean that we would have to reevaluate the current long bias with Target 1 being 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 GBPUSD as at 12th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1.5780 – 1.5845
Target 1 : 1.5675
Target 2 : 1.5485
Stop : >1.5895
Comments
GBPUSD at present seems to be trading back and forth between Fibonacci resistance / downward sloping trend line and the multi month upward sloping trend line. Although the bias continues to be negative, a break of support is required to confirm this analysis.
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 February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390
Comments
USDCHF has traded back into Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for USDJPY as at 12th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
Once again as noted in previous posts USDJPY found good support off 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 12th February 2013
DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
The suddenness of yesterdays move took out the previous swing low and created a LH and LL bearish combination. The previous bias was long with an upward movement trigger off HH and HL reversal. On this occasion the initial target and stop level have not been reached. The current price action has created numerous scenarios with the possibility or Gold making further lows or a bounce from the Fibonacci support area. In these cases the last LL and LH could possibly act as short and long targets respectively.
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 February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
Oil yesterday broke and closed above 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to breach the last isolated HH.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend