acfx Posted January 9, 2013 Report Share Posted January 9, 2013 Daily Technical Analysis for EURUSD as at 9th 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 continues to trade around the Fibonacci support area. We continue to monitor a possible move to Target 1. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for GBPUSD as at 9th January 2013 Daily Overview Trend Long Ambush Zone 1.6105 – 1.5945 Target 1 1.6385 Target 2 1.6620 Stop <1.5825 Comments As previously GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for Gold as at 9th January 2013 Daily Overview Trend Short Ambush Zone 1660 – 1680 Target 1 1625 Target 2 1590 Stop >1695 Comments As previously posted, we have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market. 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 9th January 2013 Daily Overview Trend Long Ambush Zone 89.55 – 87.00 Target 1 93.80 Target 2 100.40 Stop <85.20 Comments As previously posted, our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDCHF as at 9th January 2013 Daily Overview Trend Short Ambush Zone 0.9230 – 0.9320 Target 1 0.9080 Target 2 0.9040 Stop >0.9380 Comments As previously posted, the down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend. Definitions HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDJPY as at 9th January 2013 Daily Overview Trend Long Ambush Zone 85.05 – 83.10 Target 1 88.35 Target 2 85.50 Stop <81.65 Comments Yesterday we had a close beneath the low of the last isolated high. We are monitoring the possibility of a move to support. 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 momentum is possible Definitions 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...
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