DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.4245
Stop : < 1.2995
Comments
On Friday the possible upside triangle break scenario that was identified on that morning’s analysis took place. The next target is some distance away at 1.4245. We are monitoring the price action so as to identify the next possible 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 GBPUSD as at 28h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
GBPUSD continues to trade at its lows. We are monitoring the price action for a possible selling 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 28th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80
Comments
As posted previously “Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long side”.
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 28th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20
Comments
As previously posted “The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back 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 USDCHF as at 28th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080
Comments
USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back 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
Daily Technical Analysis for USDJPY as at 28th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in.
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