acfx Posted January 10, 2013 Report Share Posted January 10, 2013 8]Daily Technical Analysis for EURUSD as at 10thJanuary 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3090 – 1.2965 Target 1 : 1.3310 Target 2 : 1.3385 Stop : < 1.2875 http://i1359.photobu...zps0d17444a.gif Comments As posted yesterday. EURUSD continues to trade around the Fibonacci support area. A reaction may also occur as the price action approaches the upward sloping trend line. We continue to monitor a possible move to Target 1. 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 8]Daily Technical Analysis for GBPUSD as at 10th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.6105 – 1.5945 Target 1 : 1.6385 Target 2 : 1.6620 Stop : <1.5825 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201012013/gbp_zps17a4e38c.gif Comments GBPUSD has opened negatively this morning of what maybe the third straight down day. However we are still very early into the session with London yet to open therefore reasonably this pair still has time to close higher. The price action continues to trade within 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 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 8]Daily Technical Analysis for USDJPY as at 10th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 85.05 – 83.10 Target 1 : 88.35 Target 2 : 85.50 Stop : <81.65 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201012013/jpy_zpsd7f3527d.gif Comments The close beneath the low of the last isolated high was negated by subsequent price action with the 8 period moving average offering support. We are monitoring the possibility USDJPY trading above the last high. A failure to achieve new highs however may herald a move to Fibonacci 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 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 8]Daily Technical Analysis for USDCHF as at 10th January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 0.9230 – 0.9320 Target 1 : 0.9080 Target 2 : 0.9040 Stop : 0.9380 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201012013/chf_zpsd36a1017.gif Comments USDCHF has this morning open positively with an open above the downward sloping trend line. We are however still trading within Fibonacci resistance. We continue to monitor the price action at these levels for weakness which would signal a possible resumption of the down trend. 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 8]Daily Technical Analysis for Gold as at 10th January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1660 – 1680 Target 1 : 1625 Target 2 : 1590 Stop : >1695 http://i1359.photobu...zpsbdba5b79.gif Comments After such high recent volatility Gold has experienced a fairly tight range. We are now in Fibonacci resistance. We are monitoring the price action for signs of weakness that may indicate a possible resumption of the down trend into the direction of Target 1. 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 8]Daily Technical Analysis for Oil (WTI) as at 10th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 89.55 – 87.00 Target 1 : 93.80 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201012013/oil_zps2c62386c.gif Comments Oil is experiencing a tight consolidation at the highs. 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 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...
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