DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
EURUSD yesterday traded at the highs of the previous days strong up move. This could be a pointer to a further potential upside break of the last isolated high at 1.3478. Alternatively, EURUSD may possibly trade back to the 8 period moving averages which have acted as good previous short term support and resistance. 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 29h January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
GBPUSD continues to trade lower and is now very close to the upward sloping trend line which forms part of a multi month triangle pattern. As such it would not be a surprise if strong support was to come in at these levels. Alternatively, a break and close beneath trend line support could possibly point to much lower value for this currency pair.
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 29th 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 mentioned in a previous post we are this morning monitoring the first possible signs of price rotation to the long side within Fibonacci support. 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 29th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.00 – 87.70
Target 1 : 96.85
Target 2 : 100.40
Stop : <85.20
Comments
Oil as mentioned previously has found good support at the 8 period moving averages and is this morning attempting to trade above the small 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 USDCHF as at 29th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 0.9230 – 0.9140
Target 1 : 0.9385
Target 2 : 0.9490
Stop : <0.9080
Comments
As posted preciously, “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 29th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -
Comments
As posted previously, “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