acfx Posted February 12, 2013 Report Share Posted February 12, 2013 Daily Technical Analysis for EURUSD as at 12TH 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 previously posted, “EURUSD continues to trade above a recentcongestion area and moving average. A break beneath this area will mean that wewould have to reevaluate the current long bias with Target 1 being the lastisolated HHâ€. 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 12th 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 at present seems to be trading back and forth between Fibonacciresistance / downward sloping trend line and the multi month upward slopingtrend line. Although the bias continues to be negative, a break of support isrequired to confirm this analysis. 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 12th 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 into Fibonacci resistance. We are monitoring theprice 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 12th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Once again as noted in previous posts USDJPY found good support off the8 period moving averages. 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 12th February 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments The suddenness of yesterdays move took out the previous swing low andcreated a LH and LL bearish combination. The previous bias was long with anupward movement trigger off HH and HL reversal. On this occasion the initialtarget and stop level have not been reached. The current price action hascreated numerous scenarios with the possibility or Gold making further lows ora bounce from the Fibonacci support area. In these cases the last LL and LH could possibly act as short and longtargets respectively. 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 12th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Oil yesterday broke and closed above 8 period moving averages. We aremonitoring the possibility that Oil makes an attempt to breach the lastisolated 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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