Daily Technical Analysis 13.3.2013 ACFX.com

Daily Technical Analysis 13.3.2013 ACFX.com

Postby Atlas CapitalFx » Wed Mar 13, 2013 5:54 am

Daily Technical Analysis for EURUSD as at 13th March 2013

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

Image

Comments
EURUSD is trading within a tight range above support. 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 13th March 2013

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

Image

Comments
GBPUSD continues to trade lower. We continue to monitor pull backs to the 8 period moving averages 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 13th March 2013

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

Image

Comments
USDCHF is this morning breaking beneath the 8 period moving averages. We are monitoring the price action for a positive rotation that could possibly push the Swiss Franc into the direction of the last HH or alternatively, the downward momentum continues and pushes the price action to Fibonacci 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 USDJPY as at 13th March 2013

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

Image

Comments
USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small 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 13th 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 expected upside break we expected and mentioned in previous posts occurred yesterday. We are monitoring a possible move to the 34 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 Oil (WTI) as at 13th 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 as expected is breaking higher. Although we continue to monitor a possible continued move to Target 1 the price extension from the 8 period moving averages has to be allowed for as the price action has a tendency to stall or retrace if the gap between the average and price becomes too large.

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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