acfx Posted December 21, 2012 Report Posted December 21, 2012 Daily Technical Analysis for EURUSD as at 21 st December 2012 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3090 – 1.2965 Target 1 : 1.3310 Target 2 : 1.3385 Stop : < 1.2875 Comments EURUSD is trading off the highs. We are monitoring the price action and will assess the current market state if there is a retracement initially to the 8 period moving averages and then the Fibonacci support area. 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 21 st December 2012 DAILY OVERVIEW Trend : Long Ambush Zone : 1.6155 – 1.6065 Target 1 : 1.6305 Target 2 : 1.6620 Stop : < 1.6000 Comments GBPUSD is trading off the highs. We are monitoring the price action and will assess the current market state if there is a retracement initially to the 8 period moving averages and then the Fibonacci support area. 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 21 st December 2012 DAILY OVERVIEW Trend : Short Ambush Zone : 1675 – 1705 Target 1 : 1635 Target 2 : 1590 Stop : >1725 Comments Gold continues to trade lower. We are monitoring the price action for potential shorting opportunities at the 8 period moving average and Fibonacci resistance. 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 21 st December 2012 DAILY OVERVIEW Trend : Short Ambush Zone : 88.80 – 91.50 Target 1 : 84.00 Target 2 : 77.25 Stop : >93.65 Comments No change from yesterdays positing. Oil is now trading within the Fibonacci resistance area. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical bias. 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 21 st December 2012 DAILY OVERVIEW Trend : Short Ambush Zone : 0.9230 – 0.9320 Target 1 : 0.9085 Target 2 : 0.9040 Stop : >0.9380 Comments We continue to monitor possible selling opportunities initially at the 8 period moving average followed by Fibonacci resistance. 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 21 st December 2012 DAILY OVERVIEW Trend : Long Ambush Zone : 83.15 – 82.35 Target 1 : 84.60 Target 2 : 85.50 Stop : <81.65 Comments We continue to monitor possible buying opportunities initially at the 8 period moving average followed by 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
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