acfx Posted January 2, 2013 Report Share Posted January 2, 2013 (edited) Daily Technical Analysis for EURUSD as at 2nd January 2013 Daily Overview Trend Long Ambush Zone 1.3090 – 1.2965 Target 1 1.3310 Target 2 1.3385 Stop <1.2875 Comments EURUSD this morning experienced a large bounce off the 8 period moving averages which was due to overnight US news. We are monitoring the price action for a break out from the holiday period consolidation area or a rejection of the highs back into the said congestion area. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for GBPUSD as at 2nd January 2013 Daily Overview Trend Long Ambush Zone 1.6155 – 1.6065 Target 1 1.6305 Target 2 1.6620 Stop <1.6000 Comments GBPUSD this morning breached and is trading above Target 1.We are monitoring the price action for a possible move to upper resistance which is formed by a multi month triangle formation. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for Gold as at 2nd January 2013 Daily Overview Trend Short Ambush Zone 1675 – 1705 Target 1 1635 Target 2 1590 Stop >1725 Comments Gold this morning broke up into Fibonacci resistance. We are monitoring the price action for a possible shorting opportunity on a lower time frame. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for Oil (WTI) as at 2nd January 2013 Daily Overview Trend - Ambush Zone - Target 1 - Target 2 - Stop - Comments Oil has broken through Fibonacci resistance and is trading towards upper trend line resistance. The Swing Strategy is still technically short and a pull back after such a stellar up move would not be unexpected. However our broader market bias is shifting to the long side. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDCHF as at 2nd January 2013 Daily Overview Trend Short Ambush Zone 0.9230 – 0.9320 Target 1 0.9085 Target 2 0.9040 Stop >0.9380 Comments USDCHF this morning is trading negatively and breached the previous low before eventually pulling back albeit slightly. Continued negativity is possible and would not be unexpected Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDJPY as at 2nd January 2013 Daily Overview Trend Long Ambush Zone - Target 1 - Target 2 - Stop - Comments As previously posted, 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Edited January 2, 2013 by acfx Quote Link to comment Share on other sites More sharing options...
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