Daily Technical Analysis 12.3.2013 ACFX.com

Daily Technical Analysis 12.3.2013 ACFX.com

Postby Atlas CapitalFx » Tue Mar 12, 2013 4:03 am

Daily Technical Analysis for EURUSD as at 12th March 2013

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

Image

Comments
Volatility in EURUSD yesterday dropped. This is not surprising after the wild swings of last week. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current price action.

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 March 2013

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

Image

Comments
Yesterday GBPUSD edged down slightly only to close near to where it opened. We continue to monitor pull backs to the 8 period moving average as an area where short positions could possibly 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 USDCHF as at 12th March 2013

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

Image

Comments
USDCHF is trading within the range of the 8th March candle. As the price action is now trading towards the 8 period moving average with are monitoring the reaction as it approaches this support level so as to identify possible positive rotation which could propel USDCHF into the direction of the last 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 USDJPY as at 12th March 2013

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

Image

Comments
As posted yesterday, USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as a buying opportunity.

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 March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80

Image

Comments
The price action continues to trade within a rectangle formation and above the 8 period moving averages. We expect a possible upside break with a target being the 34 period moving averages. As always our preference is to allow the initial break to happen and enter off the first valid pull back.

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 March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20

Image

Comments
Oil continues to trade higher with the 8 period moving average establishing supports beneath the current price action. We are monitoring a possible continued 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
Atlas CapitalFx
 
Posts: 678
Joined: Mon Dec 17, 2012 7:53 am

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