acfx Posted December 21, 2012 Report Share 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 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.