DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
The terms of the bail out for Cyprus and the tax on bank deposits hit the markets hard on Monday with the Euro reversing Friday’s gains and gapping down at the open. This morning EURUSD is trading up from yesterday’s lows. It would not be a surprise if we saw a full are partial gap fill but with market being so jittery and hanging off the utterance of every politician the market could just as well trade lower. We are today monitoring the price action for an indication of the short term 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 GBPUSD as at 19th March 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
After trading higher, GBPUSD is now consolidating at the highs within a tight range. We are monitoring the price action to see if the Pound either trades down to the 8 period moving averages where it will find support or break 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 19th March 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
After trading dramatically lower on Thursday the Franc has traded back to the 8 period moving averages. We are monitoring the price action to see if USDCHF can trade above the average.
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 19th March 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
USDJPY has breached the 8 period moving averages where buying has come in. We are monitoring the price action to see if USDJPY can once again trade above this average.
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 19th March 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80
Comments
Gold has traded as expected to the 34 period moving averages. We are monitoring pullbacks to the 8 period moving averages which may possibly offer support to any further upmove.
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 19th March 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20
Comments
This morning Oil is breaking up from its 3 day range. We continue to monitor 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