acfx Posted February 8, 2013 Report Share Posted February 8, 2013 Daily Technical Analysis for EURUSD as at 8TH February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3485 -1.3360 Target 1 : 1.3710 Target 2 : 1.4250 Stop : <1.3263 Comments EURUSD has attempted to bounce from the Fibonacci support area only forit to fall on the back of news. We are monitoring the price action at theselevels. If EURUSD can stabilize, then another attempt for an upward break couldbe made. A point of note is that he current price level being just above a recentcongestion area and moving average. A break beneath this area will mean that wewould have to reevaluate the current long bias. Definitions Trend : Currenttrend 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 8th 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 rejected the upward sloping trend line and moved towards the 8period moving averages where it found some resistance. A break above thisaverage could see GBPUSD move up to the downward sloping trend line.Alternatively a failure to trade higher could see GBPUSD make another attemptto break the downward sloping trend line. Definitions Trend : Current trend as defined by technicalSwing Analysis. HH : HigherHigh HL : HigherLow LL : LowerLow LH : LowerHigh CofT : Change of Trend Daily Technical Analysis for USDCHF as at 8th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 0.9205 – 0.9310 Target 1 : 0.9020 Target 2 : 0.8930 Stop : >0.9390 Comments USDCHF has traded back to just beneath Fibonacci resistance. We aremonitoring the price action for a possible negative rotation at these levels. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 8th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDJPY has traded back to the 8 period moving averages. We are monitoringthe price action as previous touches of this average have shown to be goodsupport. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 8th 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 Fibonaccisupport area. We are monitoring the possibility of a move to Target 1â€. Definitions Trend : Current trend as defined by technicalSwing 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 8th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Yesterday’s lower close negated somewhat the strong close of the 6thFebruary. Oil continues to trade beneath the 8 period moving averages. The twoshort term scenarios we envisage are that Oil could possibly trades back to the34 period moving averages where support may come in or that make an attempt totrade up to and possibly breach the last isolated HH. Definitions Trend : Current trend as defined by technicalSwing 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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