ACFX DAILY TECHNICAL REPORT – LONDON OPEN 11.02.2015
Posted: Wed Feb 11, 2015 9:30 amMORE ON ACFXblog.com
ACFX DAILY TECHNICAL REPORT – LONDON OPEN 11.02.2015
EURUSD
The intraday technical outlook
EURUSD continue to range around 1.1310 level. Currently it is congesting around 1.13 territory in the expectation of the tonight’s outcome of Eurozone meeting regarding the Greek situation.
From a technical perspective EURUSD is trading in an intraday 1 hour downtrend with the line of control at the 1.1310 level.
GBPUSD
The intraday technical outlook
GBPUSD is still ranging in the range 1.52 – 1.5270 region, before continuingon further direction.
On a Daily chart the pair is trading within downtrend channel, therefore entering the buy orders will still not be prudent at the moment.
From a technical perspective GBPUSD is trading in an intraday 1 hour range with the line of control at the 1.5280 level.
USDJPY
The intraday technical outlook
The USDJPY is continuing shooting up and currently approaching 120 resistance level.
With the strong up trend, which has begun in early 2012, we can see no reversal signs yet.
From a technical perspective USDJPY is trading in an intraday 1 hour uptrend with the line of control at the 120.00 level.
USDCHF
The intraday technical outlook
USDCHF continue to trade in 0.925 range, which begun on 29th of January.
We continue to monitor the price action for a potential retest of the 0.9340 level.
From a technical perspective USDCHF is trading in an intraday 1 hour range with the line of control at the 0.9200 level.
AUDUSD
The intraday technical outlook
AUDUSD has retraced back from its unsuccessful attempt to break 0.786 resistance. After creating head and shoulders pattern yesterday, it might try to retest 0.7730 support 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
Gold has resumed its downward trend after the 6th February shot 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 has made a double top at 54.00 level and has retraced currently
We are monitoring the price action for a continuation of the move above 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 11.02.2015
EURUSD
The intraday technical outlook
EURUSD continue to range around 1.1310 level. Currently it is congesting around 1.13 territory in the expectation of the tonight’s outcome of Eurozone meeting regarding the Greek situation.
From a technical perspective EURUSD is trading in an intraday 1 hour downtrend with the line of control at the 1.1310 level.
GBPUSD
The intraday technical outlook
GBPUSD is still ranging in the range 1.52 – 1.5270 region, before continuingon further direction.
On a Daily chart the pair is trading within downtrend channel, therefore entering the buy orders will still not be prudent at the moment.
From a technical perspective GBPUSD is trading in an intraday 1 hour range with the line of control at the 1.5280 level.
USDJPY
The intraday technical outlook
The USDJPY is continuing shooting up and currently approaching 120 resistance level.
With the strong up trend, which has begun in early 2012, we can see no reversal signs yet.
From a technical perspective USDJPY is trading in an intraday 1 hour uptrend with the line of control at the 120.00 level.
USDCHF
The intraday technical outlook
USDCHF continue to trade in 0.925 range, which begun on 29th of January.
We continue to monitor the price action for a potential retest of the 0.9340 level.
From a technical perspective USDCHF is trading in an intraday 1 hour range with the line of control at the 0.9200 level.
AUDUSD
The intraday technical outlook
AUDUSD has retraced back from its unsuccessful attempt to break 0.786 resistance. After creating head and shoulders pattern yesterday, it might try to retest 0.7730 support 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
Gold has resumed its downward trend after the 6th February shot 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 has made a double top at 54.00 level and has retraced currently
We are monitoring the price action for a continuation of the move above 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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