Daily Technical Analysis for 20TH February 2013

Daily Technical Analysis for 20TH February 2013

Postby Atlas CapitalFx » Wed Feb 20, 2013 4:15 am

Daily Technical Analysis for EURUSD as at 20TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

Image

Comments
As posted previously “EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 20h February 2013

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

Image

Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 20th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390

Image

Comments
USDCHF this morning is moving away from Fibonacci resistance area after rejecting this level. We are monitoring 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 20th February 2013

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

Image

Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY 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



Daily Technical Analysis for Gold as at 20th February 2013

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

Image

Comments
As posted previously “Gold is consolidating at the lows. 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 20th February 2013


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

Image

Comments
Oil has closed and is trading 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
Atlas CapitalFx
 
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