DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263
Comments
EURUSD held above the lower level of the Fibonacci support which is just above the congestion zone and the 34 period moving averages. We are monitoring the price action to see if support can hold and possibly push EURUSD higher.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for GBPUSD as at 13th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
GBPUSD yesterday breached by some distance the upward sloping trend line which is offering multi month support. However once breached, buyers came into the market to force a higher close and put in place a potentially bullish candle. Although technically we are still swing negative, we will monitor the price action at both the 8 period moving averages and the downward sloping trend line for possible negative 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 USDCHF as at 13th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390
Comments
As posted previously “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 13th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
USDJPY continues to bounce off the 8 period moving averages and has now traded back to this support area. We are monitoring the price action to see if USDJPY can once again possibly bounce from this level.
Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend
Daily Technical Analysis for Gold as at 13th February 2013
DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
The aggressiveness of Monday’s move was tempered slightly by yesterday’s higher close. The price action is swing negative with a potential Fibonacci resistance sell zone forming. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative 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 Oil (WTI) as at 13th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
Oil continues to trade above the 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