acfx Posted February 7, 2013 Report Posted February 7, 2013 Daily Technical Analysis for EURUSD as at 7TH February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3485 -1.3360 Target 1 : 1.3710 Target 2 : 1.4250 Stop : <1.3263 Comments As posted previously “EURUSD has bounced in the Fibonacci support area. We are monitoring a potential move 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 GBPUSD as at 7th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1.5780 – 1.5845 Target 1 : 1.5675 Target 2 : 1.5485 Stop : >1.5895 Comments GBPUSD continues to bounce off the upward sloping multi month 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 USDCHF as at 7th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDCHF has traded back to the 8 period moving averages and a previously broken downward sloping trend line. We are monitoring the price action at these levels to see if the bounce continues to a meaningful Fibonacci shorting level or if current overhead resistance is enough to push the price action 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 USDJPY as at 7th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - 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 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 Daily Technical Analysis for Gold as at 7th February 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 continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move 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 Oil (WTI) as at 7th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Oil yesterday found strong buying at the close that reversed that mornings sell off. We are monitoring the possibility that 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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