acfx Posted January 16, 2013 Report Share Posted January 16, 2013 Daily Technical Analysis for EURUSD as at 16thJanuary 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments There has been a sufficient pull back to allow us to post the next possible Fibonacci support range. As previously mentioned the 8 period moving average may offer some initial 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 Daily Technical Analysis for GBPUSD as at 16th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.6105 – 1.5945 Target 1 : 1.6385 Target 2 : 1.6620 Stop : <1.5825 Comments GBPUSD continues to trade around Fibonacci support with the previous 3 sessions trading within the range of the 10th January candle. We are monitoring for 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 Daily Technical Analysis for Gold as at 16th January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1660 – 1680 Target 1 : 1625 Target 2 : 1590 Stop : >1695 Comments This morning, Gold has open positively and is now trading above upper Fibonacci resistance level. Although the bias based upon the strategy remains negative our eye is drawn to a possible breach of the prior Lower High as this may indicate a termination or pause of this 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 Daily Technical Analysis for Oil (WTI) as at 16th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 89.55 – 87.00 Target 1 : 93.80 Target 2 : 100.40 Stop : <85.20 Comments The downward sloping trend line continues to offer strong resistance. We continue to monitor the price action for a possible attempt to once again breach this resistance or alternatively for oil to pull back in the direction of 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 Daily Technical Analysis for USDCHF as at 16th January 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Yesterday we saw a powerful move through the downward sloping trend line that was offering resistance. We have yet to see a 3 bar swing reversal which would change the bias to the long side however we have HH and HL Micro Swing pivots which combined with the trend line break points to a possible trend reversal or pause. For the shorts to stay in control, a down move needs to break the down trend line with conviction and then at least take out MS isolated low. 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 16th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 88.65 -83.40 Target 1 : 89.70 Target 2 : 92.90 Stop : <81.65 Comments Yesterday’s close beneath the low of the prior isolated HH together with today’s negative open has allowed us to post a possible scenario. Our bias is long but with a preference to participate in the market in or around 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...
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