Daily Technical Analysis fro ACFX 12/06/2013
Posted: Fri Dec 06, 2013 5:11 amDaily Technical Analysis fro ACFX 12/06/2013
Daily Technical Analysis for EURUSD as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 75 pips higher from its open whilst trading a 135 pip range.
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. However yesterday price action did manage to trade and close above the large horizontal congestion range. This could indicate that EURUSD will attempt to trade up to the 25th October high at 1.3832.
Focus on today
This morning’s EURUSD has broken lower in early trading. EURUSD is now trading below the low of the previous day’s high range of 1.3659 to 1.3678.
As EURUSD is trading just below yesterday’s high range which is 1.3659 to 1.3678, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.
Key intraday levels:
EURUSD: 1.3524 1.3557, 1.3659, 1.3678.
Daily Technical Analysis for GBPUSD as at 6th December2013
Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 48 pips lower from its open whilst trading a 104 pip range.
The price action continues to have a positive daily swing bias and is currently trading under the 1.6400 area which appears to be a major resistance level but is finding support at the 8 period moving averages.
Focus on today
This morning’s GBPUSD had been trading within a 10 pip range but appears to attempting to break lower over the past 3 hours and is now trading 23 pips off its intraday high.
GBPUSD is trading between the 1.6132/1.6174 and 1.6368/1.6442 low and high congestion zones. I am monitoring the potential for price action to break up or down to these ranges.
Key intraday levels:
GBPUSD: 1.6132, 1.6174, 1.6368, 1.6442.
Daily Technical Analysis for USDCHF as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw USDCHF close 57 pips lower from that day’s open whilst trading a 94 pip range.
The price action continues to have a positive daily swing bias but appears to be break lower from its bullish flag formation.
Focus on today
This morning’s EURUSD had been trading within a 20 pip range but appears to attempting to break out to the upside and is now trading 22 pips lower off its intraday low.
As USDCHF is trading within the today’s low range which is 0.8956 to 0.8976, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.
Key intraday levels:
USDCHF: 0.8956, 0.8976, 0.9084, 0.9110.
Daily Technical Analysis for USDJPY as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw USDJPY close 59 pips lower from the previous day’s open whilst trading an 82 pip range.
The price action continues to have a positive daily swing bias. The 103.70 level is still offering both a target and a strong resistance level to current market activity.
Focus on today
This morning’s USDJPY had been trading within a 19 pip range but has since broken up over the past 4 hours and is now trading 57 pips lower off its intraday low.
USDJPY is trading between the 101.13, 101.35 and 103.05, 103.38 intraday low to high ranges. I am currently monitoring a potential move into the 101.35 to 101.13 support area. Alternatively a failure to break into this lower range could see USDJPY trade back up to the 103.05 to 103.38 resistance range.
Key intraday levels:
USDJPY: 101.80, 102.36, 103.05, 103.38.
Daily Technical Analysis for EURUSD as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw EURUSD end the session 75 pips higher from its open whilst trading a 135 pip range.
The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. However yesterday price action did manage to trade and close above the large horizontal congestion range. This could indicate that EURUSD will attempt to trade up to the 25th October high at 1.3832.
Focus on today
This morning’s EURUSD has broken lower in early trading. EURUSD is now trading below the low of the previous day’s high range of 1.3659 to 1.3678.
As EURUSD is trading just below yesterday’s high range which is 1.3659 to 1.3678, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.
Key intraday levels:
EURUSD: 1.3524 1.3557, 1.3659, 1.3678.
Daily Technical Analysis for GBPUSD as at 6th December2013
Yesterday’s summary
Yesterday’s trading saw GBPUSD end the session 48 pips lower from its open whilst trading a 104 pip range.
The price action continues to have a positive daily swing bias and is currently trading under the 1.6400 area which appears to be a major resistance level but is finding support at the 8 period moving averages.
Focus on today
This morning’s GBPUSD had been trading within a 10 pip range but appears to attempting to break lower over the past 3 hours and is now trading 23 pips off its intraday high.
GBPUSD is trading between the 1.6132/1.6174 and 1.6368/1.6442 low and high congestion zones. I am monitoring the potential for price action to break up or down to these ranges.
Key intraday levels:
GBPUSD: 1.6132, 1.6174, 1.6368, 1.6442.
Daily Technical Analysis for USDCHF as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw USDCHF close 57 pips lower from that day’s open whilst trading a 94 pip range.
The price action continues to have a positive daily swing bias but appears to be break lower from its bullish flag formation.
Focus on today
This morning’s EURUSD had been trading within a 20 pip range but appears to attempting to break out to the upside and is now trading 22 pips lower off its intraday low.
As USDCHF is trading within the today’s low range which is 0.8956 to 0.8976, I am monitoring the potential for this trading range to hold with the price action bouncing within these levels.
Alternatively breaks above or beneath this range could offer potential trading opportunities in the direction of the break out or break down.
Key intraday levels:
USDCHF: 0.8956, 0.8976, 0.9084, 0.9110.
Daily Technical Analysis for USDJPY as at 6th December 2013
Yesterday’s summary
Yesterday’s trading saw USDJPY close 59 pips lower from the previous day’s open whilst trading an 82 pip range.
The price action continues to have a positive daily swing bias. The 103.70 level is still offering both a target and a strong resistance level to current market activity.
Focus on today
This morning’s USDJPY had been trading within a 19 pip range but has since broken up over the past 4 hours and is now trading 57 pips lower off its intraday low.
USDJPY is trading between the 101.13, 101.35 and 103.05, 103.38 intraday low to high ranges. I am currently monitoring a potential move into the 101.35 to 101.13 support area. Alternatively a failure to break into this lower range could see USDJPY trade back up to the 103.05 to 103.38 resistance range.
Key intraday levels:
USDJPY: 101.80, 102.36, 103.05, 103.38.