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Daily Technical Analysis for EURUSD as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995




Comments
After 3 quiet days, EURUSD experienced a strong up move that was eventually held at the upper level of the converging triangle formation. We are monitoring the price action for a possible upside break of this triangle pattern.

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 25h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
GBPUSD broke down from during yesterday’s session. There was an opportunity to short the pull back off the 1 hour chart in the area 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 Gold as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80



Comments
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 25th 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 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 25th 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 is now trading beneath the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of 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 USDJPY as at 25th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


Comments
Once again USDJPY experienced a limited pull back and although it did manage to close beneath the 8 period moving averages, the longs came in push USDJPY past the previous isolated high. At some point this uptrend will end but the direction at the moment is one way with limited pullbacks.

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 Tren