Daily Technical Analysis 14.3.2013 ACFX.com

Daily Technical Analysis 14.3.2013 ACFX.com

Postby Atlas CapitalFx » Thu Mar 14, 2013 5:54 am

Daily Technical Analysis for EURUSD as at 14th March 2013

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

Image

Comments
Yesterday EURUSD attempted to make an early morning break out only for this move to fail. This can be seen on intraday time frames where the Euro failed to breach the high of the 12th March. Ultimately the failed break out reversed and EURUSD broke down. EURUSD has now traded back to prior support which effectively now becomes resistance. We are monitoring the price action to see if EURUSD can trade higher and also close above prior support. A failure to brake and close above prior support will reinforce the short bias and a possible to move 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 14th March 2013

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

Image

Comments
GBPUSD has pulled back to the 8 period moving averages. We are monitoring the price action for negative rotation at these levels where short positions could possibly be considered. Alternatively, GBPUSD could possibly trade higher to the area of prior 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 USDCHF as at 14th March 2013

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

Image

Comments
USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous 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 USDJPY as at 14th March 2013

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

Image

Comments
As posted yesterday, 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 14th 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
After breaking higher Gold has traded back to the 8 period moving averages. We are monitoring the price action for 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 14th 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 is trading within the range of the previous two days. We continue to monitor the upward momentum with a possible move to the 34 period moving averages being the initial target. However due to the extension of the price action from the 8 period moving averages a move back to this average is a possibility.

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

Return to Daily market technical Analysis And outlook By ACFX.com