acfx Posted December 31, 2012 Report Posted December 31, 2012 Daily Technical Analysis for EURUSD as at 31 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 around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected. 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 31 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 within its Fibonacci support area. Tight daily ranges during the holiday period would not be unexpected. 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 31 st December 2012 DAILY OVERVIEW Trend : Short Ambush Zone : 1675 – 1705 Target 1 : 1635 Target 2 : 1590 Stop : >1725 Comments Gold is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected. 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 31 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 Oil continues to trade within its Fibonacci resistance area. Technically the bias is to the short side but the current positive price action has been noted. 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 31 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 USDCHF is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected. 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 31 st December 2012 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDJPY continues to trade higher. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible. 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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