DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
EURUSD yesterday broke higher after initially trading towards the 8 period moving averages. This was one of the scenarios mentioned in Tuesday’s update. We have not identified any Fibonacci support zones yet as.
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 30h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
GBPUSD yesterday did find some support above upward sloping trend line which forms part of a multi month triangle pattern. We are monitoring the price action to see if GBPUSD can trade up to at least the 8 period moving averages. Alternatively GBPUSD could continue its move down to the upward sloping trend line.
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 30th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80
Comments
The possible positive rotation in the Fibonacci area as previously mentioned would appear to be taking place with yesterday’s positive close which has carried on into today’s session. We are monitoring a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL.
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 30th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20
Comments
The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 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 USDCHF as at 30th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080
Comments
After initially trading down into the Fibonacci area USDCHF found support at the 61.8% retracement level. We are monitoring the price action for signs of further positive rotation.
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 30th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
We continue to monitor 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