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Daily Technical Analysis 6.2.2013 ACFX.com


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Daily Technical Analysis for EURUSD as at 6TH February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485

-1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

eur.gif

Comments

EURUSD has bounced in the Fibonacci support area. We are monitoring a

potential 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 GBPUSD as at 6th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1.5780

– 1.5845

Target 1 : 1.5675

Target 2 : 1.5485

Stop : >1.5895

gbp.gif

Comments

GBPUSD has hit Target 1 and has bounced off the upward sloping multi

month trend line. We are monitoring a possible breach of support or for strong

buying to come in at these levels which will propel price back to the 8 period

moving averages which may offer some initial resistance.

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 6th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

chf.gif

Comments

As posted previously “USDCHF 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”.

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 6th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

jpy.gif

Comments

As posted previously “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 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

Daily Technical Analysis for Gold as at 6th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1661.10

– 1640.80

Target 1 : 1696.40

Target 2 : 1723.30

Stop : <1625.80

gold.gif

Comments

As posted previously “Gold continues to bounce around the Fibonacci

support area. We are monitoring the possibility of a 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 Oil (WTI) as at 6th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

oil.gif

Comments

Oil continues to trade 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.

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

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