DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263
Comments
EURUSD experienced an indecisive day right on the upward sloping trend line. This could be a clue that the Bears may have lost confidence in further shorting this market. This morning’s open has been has been positive. We continue to monitor the price action to see if the uptrend line does in fact become an important area for 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 GBPUSD as at 25th February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
[img]http://i1340.photobucket.com/albums/o726/acfx2/gbp_zpsc4519800.gif
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Comments
The bounce in GBPUSD was short lived as the price action slashed through the 1.5230 to 1.5270 support area. We continue to have a negative bias but have a preference to look at opportunities near 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 USDJPY as at 25th February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
[img]http://i1340.photobucket.com/albums/o726/acfx2/jpy_zps3bf89069.gif
[/img]
Comments
The scenario mentioned on Friday of buying at the 8 period moving averages support area is possibly in play with the price action making an attempt to breach the last isolated HH. We continue to monitor the price action to see if USDJPY does actually breach horizontal resistance in its unrelenting upward march.
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 February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390
[img]http://i1340.photobucket.com/albums/o726/acfx2/chf_zpse80aa7c8.gif
[/img]
Comments
USDCHF bullish momentum stalled on Friday and Monday’s session thus far is experiencing a negative open. We continue to monitor the price action on multiple time frames so as to indentify Swing Low or Swing High failures that may give us clues to the next possible market direction.
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 February 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
[img]http://i1340.photobucket.com/albums/o726/acfx2/gold_zps6548c44f.gif
[/img]
Comments
Gold continued to rise off the lows and this upward movement has followed through to today’s session. The 8 period moving averages as mentioned previously is the initial target where shorts may possible be considered.
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 February 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
[img]http://i1340.photobucket.com/albums/o726/acfx2/oil_zps325321bb.gif
[/img]
Comments
Oil made its first attempt to touch the downward sloping trend line but this initial move was rejected. If support can hold around these levels Oil may experience a possible bullish pop in price at least until the area of the 8 period moving averages. Alternatively a break of support may see Oil move to the Fibonacci area where the price action will be monitored for a possible 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