acfx Posted January 17, 2013 Report Share Posted January 17, 2013 Daily Technical Analysis for EURUSD as at 17thJanuary 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for GBPUSD as at 17th 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for Gold as at 17th 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for Oil (WTI) as at 17th 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDCHF as at 17th 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 HH Higher High HL Higher Low LL Lower Low LH Lower High CofT Change of Trend Daily Technical Analysis for USDJPY as at 17th 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 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...
acfx Posted January 21, 2013 Author Report Share Posted January 21, 2013 Daily Technical Analysis for EURUSD as at 21st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments After reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out. 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 21st January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Last Wednesday’s HL breach carried on through to Friday. Technically the Swing Strategy is bearish. However GBPUSD is now trading around the area of previous resistance which may now offer some support. We are monitoring the possibility of a bounce from these levels. At the moment, it is probably too early in the move to post possible Fibonacci resistance sell zones. 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 21st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current move. 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 21st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 89.55 – 87.00 Target 1 : 93.80 Target 2 : 100.40 Stop : <85.20 Comments Friday’s action was muted with Oil closing lower after initially putting in marginal new highs in what was by comparison a very tight range. This price action may indicate the possibility of Oil moving back to the 8 period moving average or trend line 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 21st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Friday’s price action of breaching the previous swing high is the confirmation needed to change the swing strategy bias to the long side. Although the 8 period moving averages and the downward sloping trend line may offer some support to upside directional momentum we will await developments before posting possible specific entry levels. 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 21st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Thus far USDJPY has continued to make new highs with each pullback lasting no more than a couple of bars therefore negating the retracement strategy that is the preference of Swing Traders. Our bias continues to be long. 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...
acfx Posted January 22, 2013 Author Report Share Posted January 22, 2013 Daily Technical Analysis for EURUSD as at 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments As posted yesterday, “after reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.†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 22nd January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Yesterday’s price action managed to breach the 15th November lows. This price action has created a lower low on the Weekly time frame. At the moment, it is probably too early in the move to post a possible Fibonacci resistance sell zone area. 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 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments As posted yesterday, “Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current move.†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 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments After the previous two days muted price action Oil is this morning trading higher. We continue to monitor the price action for an opportunity to participate in this up move. 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 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity. 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 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDJPY is making another attempt at a pull back. We have identified a weekly negative RSI divergence and declining ADX readings after moving into extreme areas as possible indications that this strong trend may finally need to take a pause. 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...
acfx Posted January 24, 2013 Author Report Share Posted January 24, 2013 Daily Technical Analysis for EURUSD as at 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments EURUSD has experienced 3 days of indecision which can be seen by the doji candles. Today’s open also has the same indecisive price action. The consequence of this indecisiveness can be seen by the formation of a converging triangle. A break of this pattern either to the highs or to the lows may point to the direction of the next move. However, one must be aware of false break outs. A downward break may give the possibility of buying EURUSD within Fibonacci support. An upward break could offer a buying opportunity with our preference being to wait for a pullback after the initial move. 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 24th January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments GBPUSD continues to bounce around support in what can be described as much muted price action. A move back into the direction of the 8 period moving averages is a possibility with our preference being a substantial retracement which would offer a selling opportunity at Fibonacci resistance. However a break of these lows could offer a selling opportunity with the logical action maybe to wait for a pullback after the initial move. 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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 Comments Gold has begun a possible retracement. A new possible Fibonacci resistance buy zone has been posted. 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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 Comments After yesterday’s lower close we have now posted the possibility of a buying opportunity at Fibonacci support. As the 8 period moving averages have offered support to this move we are monitoring the price action at these levels. 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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments As posted yesterday, “USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity.†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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Yesterday USDJPY did manage to close beneath the 8 period moving averages. However this morning we are experiencing a strong positive open. As previously posted, we a seeing a negative RSI divergence and declining levels in the ADX together with extreme ATR readings. For these reasons and although an upside break may still happen, our view is for the time being at least to sit on the sidelines until resolution occurs. 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...
acfx Posted January 25, 2013 Author Report Share Posted January 25, 2013 Daily Technical Analysis for EURUSD as at 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments After 3 quiet days, EURUSD experienced a strong up move that was eventually held at the upper level of the converging triangle formation. We are monitoring the price action for a possible upside break of this triangle pattern. 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 25h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments GBPUSD broke down from during yesterday’s session. There was an opportunity to short the pull back off the 1 hour chart in the area of the 8 period moving averages. 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 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 Comments Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long side. 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 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 Comments The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back to 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 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments USDCHF is now trading beneath the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity. 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 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Once again USDJPY experienced a limited pull back and although it did manage to close beneath the 8 period moving averages, the longs came in push USDJPY past the previous isolated high. At some point this uptrend will end but the direction at the moment is one way with limited pullbacks. 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 Tren d Quote Link to comment Share on other sites More sharing options...
acfx Posted January 28, 2013 Author Report Share Posted January 28, 2013 Daily Technical Analysis for EURUSD as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.4245 Stop : < 1.2995 Comments On Friday the possible upside triangle break scenario that was identified on that morning’s analysis took place. The next target is some distance away at 1.4245. We are monitoring the price action so as to identify the next possible buying opportunity. 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 28h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments GBPUSD continues to trade at its lows. We are monitoring the price action for a possible selling opportunity. 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 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 Comments As posted previously “Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long sideâ€. 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 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 Comments As previously posted “The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back to Fibonacci supportâ€. 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 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back 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 USDJPY as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in. 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...
acfx Posted January 29, 2013 Author Report Share Posted January 29, 2013 Daily Technical Analysis for EURUSD as at 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments EURUSD yesterday traded at the highs of the previous days strong up move. This could be a pointer to a further potential upside break of the last isolated high at 1.3478. Alternatively, EURUSD may possibly trade back to the 8 period moving averages which have acted as good previous short term support and resistance. We have not identified any Fibonacci support zones yet as. 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 29h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments GBPUSD continues to trade lower and is now very close to the upward sloping trend line which forms part of a multi month triangle pattern. As such it would not be a surprise if strong support was to come in at these levels. Alternatively, a break and close beneath trend line support could possibly point to much lower value for this currency pair. 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 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 Comments As mentioned in a previous post we are this morning monitoring the first possible signs of price rotation to the long side within Fibonacci support. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. 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 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 Comments Oil as mentioned previously has found good support at the 8 period moving averages and is this morning attempting to trade above the small triangle pattern. 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 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments As posted preciously, “USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back to Target 1â€. 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 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments As posted previously, “USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come inâ€. 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...
acfx Posted January 30, 2013 Author Report Share Posted January 30, 2013 Daily Technical Analysis for EURUSD as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments EURUSD yesterday broke higher after initially trading towards the 8 period moving averages. This was one of the scenarios mentioned in Tuesday’s update. We have not identified any Fibonacci support zones yet as. 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 30h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments GBPUSD yesterday did find some support above upward sloping trend line which forms part of a multi month triangle pattern. We are monitoring the price action to see if GBPUSD can trade up to at least the 8 period moving averages. Alternatively GBPUSD could continue its move down to the upward 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 Daily Technical Analysis for Gold as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 Comments The possible positive rotation in the Fibonacci area as previously mentioned would appear to be taking place with yesterday’s positive close which has carried on into today’s session. We are monitoring a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. 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 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 Comments The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averages. 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 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments After initially trading down into the Fibonacci area USDCHF found support at the 61.8% retracement level. We are monitoring the price action for signs of further positive rotation. 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 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in. 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...
acfx Posted January 31, 2013 Author Report Share Posted January 31, 2013 Daily Technical Analysis for EURUSD as at 31st January 2013 DAILY OVERVIEWTrend : LongAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsEURUSD continues to trade higher. We are monitoring pull backs to the 8 period moving averages as a potential area of support. As yet we have not identified any Fibonacci support zones. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for GBPUSD as at 31st January 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : 1.5780 – 1.5845Target 1 : 1.5675Target 2 : 1.5485Stop : >1.5895 CommentsGBPUSD has traded up to the 8 period moving averages where Fibonacci resistance can also be found together with a previously broken downward sloping trend line. We are monitoring the possibility of negative rotation and an attempt to breach the multi month upward sloping trend line. Alternatively a move back up to the downward sloping trend line which makes up the top of the triangle pattern cannot be discounted. DefinitionsTrend : Current trend as defined by technical Swing Analysis.HH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Gold as at 31st January 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1661.10 – 1640.80Target 1 : 1696.40Target 2 : 1723.30Stop : <1625.80 CommentsWe continue to monitor a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 31st January 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 91.00 – 87.70Target 1 : 96.85Target 2 : 100.40Stop : <85.20 CommentsAs per yesterdays post “The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averagesâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDCHF as at 31st January 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 0.9230 – 0.9140Target 1 : 0.9385Target 2 : 0.9490Stop : <0.9080 CommentsFibonacci support did not hold and there were no signs of positive rotation at these levels. The price is much extended from the 8 period moving averages. Therefore USDCHF may retrace or trade sideways to allow the gap between the price and average to reduce. We are monitoring any breach of the last isolated LL which would confirm a possible change of trend to the down side. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDJPY as at 31st January 2013 DAILY OVERVIEWTrend : LongAmbush Zone : - Target 1 : -Target 2 : -Stop : - CommentsUSDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
acfx Posted February 1, 2013 Author Report Share Posted February 1, 2013 Daily Technical Analysis for EURUSD as at 1st February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsAs posted previously “EURUSD continues to trade higher. We are monitoring pull backs to the 8 period moving averages as a potential area of support. As yet we have not identified any Fibonacci support zonesâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for GBPUSD as at 1st February 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : 1.5780 – 1.5845Target 1 : 1.5675Target 2 : 1.5485Stop : >1.5895 CommentsGBPUSD has slashed through the 8 period moving averages where Fibonacci resistance can also be found together with a previously broken downward sloping trend line. There were no signs of negative rotation where shorts could be taken. Although the Swing set up is still short we are now monitoring the possibility of a move back up to the downward sloping trend line which makes up the top of the triangle pattern. DefinitionsTrend : Current trend as defined by technical Swing Analysis.HH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Gold as at 1st February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1661.10 – 1640.80Target 1 : 1696.40Target 2 : 1723.30Stop : <1625.80 CommentsAs posted previously “We continue to monitor a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LLâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 1st February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 91.00 – 87.70Target 1 : 96.85Target 2 : 100.40Stop : <85.20 CommentsAs posted previously “The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averagesâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDCHF as at 1st February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 0.9230 – 0.9140Target 1 : 0.9385Target 2 : 0.9490Stop : <0.9080 CommentsAs posted yesterday “Fibonacci support did not hold and there were no signs of positive rotation at these levels. The price is much extended from the 8 period moving averages. Therefore USDCHF may retrace or trade sideways to allow the gap between the price and average to reduce. We are monitoring any breach of the last isolated LL which would confirm a possible change of trend to the down sideâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDJPY as at 1st February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : - Target 1 : -Target 2 : -Stop : - CommentsAs posted yesterday “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come inâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
acfx Posted February 5, 2013 Author Report Share Posted February 5, 2013 Daily Technical Analysis for EURUSD as at 5TH February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1.3485 -1.3360Target 1 : 1.3710Target 2 : 1.4250Stop : <1.3263 CommentsAfter such a strong up move a correction was inevitable. EURUSD has now traded back into Fibonacci support. We are monitoring the price action at these levels for a possible positive rotation. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for GBPUSD as at 5th February 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : 1.5780 – 1.5845Target 1 : 1.5675Target 2 : 1.5485Stop : >1.5895 CommentsGBPUSD upward advance was held and repelled aggressively from the Fibonacci resistance area. We are monitoring the possibility of either bounce off the upward sloping multi month trend line or a break through this line of support which would lead to the possibility of much lower values for GBPUSD. DefinitionsTrend : Current trend as defined by technical Swing Analysis.HH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Gold as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1661.10 – 1640.80Target 1 : 1696.40Target 2 : 1723.30Stop : <1625.80 CommentsGold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move to Target 1. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsOil for the first time in two months has traded significantly under the 8 period moving averages. The 34 period moving averages and the downward sloping trend line may offer some possible support. Alternatively Oil may make an attempt to trade up to and possibly breach the last isolated HH. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDCHF as at 5th February 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsUSDCHF has breach of the last isolated LL which would confirm a possible change of trend to the down side. The indecision of the past two weeks can be seen by the pattern that has been created with HH’s and LL’s which has formed an expanding triangle formation. The downward move has stalled somewhat as the averages do need to catch up with the price action. We a monitoring for possible sideways action or a move back to the 8 period moving averages. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDJPY as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : - Target 1 : -Target 2 : -Stop : - CommentsAs posted yesterday “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come inâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
acfx Posted February 5, 2013 Author Report Share Posted February 5, 2013 Daily Technical Analysis for EURUSD as at 5TH February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1.3485 -1.3360Target 1 : 1.3710Target 2 : 1.4250Stop : <1.3263 CommentsAfter such a strong up move a correction was inevitable. EURUSD has now traded back into Fibonacci support. We are monitoring the price action at these levels for a possible positive rotation. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for GBPUSD as at 5th February 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : 1.5780 – 1.5845Target 1 : 1.5675Target 2 : 1.5485Stop : >1.5895 CommentsGBPUSD upward advance was held and repelled aggressively from the Fibonacci resistance area. We are monitoring the possibility of either bounce off the upward sloping multi month trend line or a break through this line of support which would lead to the possibility of much lower values for GBPUSD. DefinitionsTrend : Current trend as defined by technical Swing Analysis.HH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Gold as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : 1661.10 – 1640.80Target 1 : 1696.40Target 2 : 1723.30Stop : <1625.80 CommentsGold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move to Target 1. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsOil for the first time in two months has traded significantly under the 8 period moving averages. The 34 period moving averages and the downward sloping trend line may offer some possible support. Alternatively Oil may make an attempt to trade up to and possibly breach the last isolated HH. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDCHF as at 5th February 2013 DAILY OVERVIEWTrend : ShortAmbush Zone : -Target 1 : -Target 2 : -Stop : - CommentsUSDCHF has breach of the last isolated LL which would confirm a possible change of trend to the down side. The indecision of the past two weeks can be seen by the pattern that has been created with HH’s and LL’s which has formed an expanding triangle formation. The downward move has stalled somewhat as the averages do need to catch up with the price action. We a monitoring for possible sideways action or a move back to the 8 period moving averages. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Daily Technical Analysis for USDJPY as at 5th February 2013 DAILY OVERVIEWTrend : LongAmbush Zone : - Target 1 : -Target 2 : -Stop : - CommentsAs posted yesterday “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come inâ€. DefinitionsTrend : Current trend as defined by technical Swing AnalysisHH : Higher HighHL : Higher LowLL : Lower LowLH : Lower HighCofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
andecolink Posted February 16, 2013 Report Share Posted February 16, 2013 Once you are in a trade the question quickly rears its head: How andwhen do you get out of the trade at a profit? Setting targets has to beone of the most important elements of your trading strategy, and this isthe subject of the next article in our series Technical AnalysisExplained. Quote increase youtube views purchase youtube views Link to comment Share on other sites More sharing options...
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