ACFX DAILY TECHNICAL REPORT – LONDON OPEN 09.02.2015
Posted: Mon Feb 09, 2015 11:55 amMORE ON ACFXblog.com
ACFX DAILY TECHNICAL REPORT – LONDON OPEN 09.02.2015
EURUSD
The intraday technical outlook
Friday close EURUSD has retraced back to 1.1310 support level, which took the price action back towards the down trading channel.
This morning EURUSD has bounced slightly higher off that support level.
From a technical perspective EURUSD is trading in an intraday 1 hour range with the line of control at the 1.1310 level.
GBPUSD
The intraday technical outlook
After reaching 1.5350 on Friday GBPUSD has retraced back to 1.5220 support level, where the price has stabilized this morning.
From a technical perspective GBPUSD is trading in an intraday 1 hour uptrend with the line of control at the 1.5340 level.
USDJPY
The intraday technical outlook
The USDJPY pair has shot back to 119.20 level, as at the end of Friday’s session.
With bullish trend on the weekly time frame, the probability of an upside break of this pattern is very high.
From a technical perspective USDJPY is trading in an intraday 1 hour uptrend with the line of control at the 116.90 level.
USDCHF
The intraday technical outlook
USDCHF is continuing to trade in a tight range, which begun at 29 of January.
We are monitoring the price action for a potential retest of the 0.9340 level.
From a technical perspective USDCHF is trading in an intraday 1 hour uptrend with the line of control at the 0.9200 level.
AUDUSD
The intraday technical outlook
The recent statement of Reserve Bank of Australia did not have enough power to push AUDUSD higher.
This morning we are looking for the the price action to retest of the 0.7860 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour range with the line of control at the 0.7730 level.
GOLD
The intraday technical outlook
There was a second pull down of the Gold price on the Friday afternoon, which has reached 1228, 00 level.
The move lower also took out the 1269.00 level. The breach of this isolated low has technical changed the intraday trend from up to down.
From a technical perspective Gold is trading in an intraday 1 hour downtrend with the line of control at the 1225.00 level.
OIL
The intraday technical outlook
This morning the Oil price felt short of creating a double top at 54.15 level and has retraced at the resistance of 53.00.
This morning we are monitoring the price action for a continuation of the move to the 54.15 level.
From a technical perspective Oil is trading in an intraday 1 hour uptrend with the line of control at the 47.50 level.
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ACFX DAILY TECHNICAL REPORT – LONDON OPEN 09.02.2015
EURUSD
The intraday technical outlook
Friday close EURUSD has retraced back to 1.1310 support level, which took the price action back towards the down trading channel.
This morning EURUSD has bounced slightly higher off that support level.
From a technical perspective EURUSD is trading in an intraday 1 hour range with the line of control at the 1.1310 level.
GBPUSD
The intraday technical outlook
After reaching 1.5350 on Friday GBPUSD has retraced back to 1.5220 support level, where the price has stabilized this morning.
From a technical perspective GBPUSD is trading in an intraday 1 hour uptrend with the line of control at the 1.5340 level.
USDJPY
The intraday technical outlook
The USDJPY pair has shot back to 119.20 level, as at the end of Friday’s session.
With bullish trend on the weekly time frame, the probability of an upside break of this pattern is very high.
From a technical perspective USDJPY is trading in an intraday 1 hour uptrend with the line of control at the 116.90 level.
USDCHF
The intraday technical outlook
USDCHF is continuing to trade in a tight range, which begun at 29 of January.
We are monitoring the price action for a potential retest of the 0.9340 level.
From a technical perspective USDCHF is trading in an intraday 1 hour uptrend with the line of control at the 0.9200 level.
AUDUSD
The intraday technical outlook
The recent statement of Reserve Bank of Australia did not have enough power to push AUDUSD higher.
This morning we are looking for the the price action to retest of the 0.7860 level.
From a technical perspective AUDUSD is trading in an intraday 1 hour range with the line of control at the 0.7730 level.
GOLD
The intraday technical outlook
There was a second pull down of the Gold price on the Friday afternoon, which has reached 1228, 00 level.
The move lower also took out the 1269.00 level. The breach of this isolated low has technical changed the intraday trend from up to down.
From a technical perspective Gold is trading in an intraday 1 hour downtrend with the line of control at the 1225.00 level.
OIL
The intraday technical outlook
This morning the Oil price felt short of creating a double top at 54.15 level and has retraced at the resistance of 53.00.
This morning we are monitoring the price action for a continuation of the move to the 54.15 level.
From a technical perspective Oil is trading in an intraday 1 hour uptrend with the line of control at the 47.50 level.
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