Daily Technical Analysis by ACFX.com

[acfx]

Daily Technical Analysis 13.2.2013 ACFX.com

Daily Technical Analysis for EURUSD as at 13^TH 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 held above the lower level of the Fibonacci support which is
just above the congestion zone and the 34 period moving averages. We are
monitoring the price action to see if support can hold and possibly push EURUSD
higher.

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 13^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD yesterday breached by some distance the upward sloping trend
line which is offering multi month support. However once breached, buyers came
into the market to force a higher close and put in place a potentially bullish
candle. Although technically we are still swing negative, we will monitor the
price action at both the 8 period moving averages and the downward sloping
trend line for possible negative 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 USDCHF as at 13^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9205 – 0.9310

Target 1 : 0.9020

Target 2 : 0.8930

Stop : >0.9390

Comments

As posted previously “USDCHF has traded back into Fibonacci resistance.
We are monitoring the price action for a possible negative rotation 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 USDJPY as at 13^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDJPY continues to bounce off the 8 period moving averages and has now
traded back to this support area. We are monitoring the price action to see if
USDJPY can once again possibly bounce from this level.

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 13^th February 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The aggressiveness of Monday’s move was tempered slightly by
yesterday’s higher close. The price action is swing negative with a potential
Fibonacci resistance sell zone forming.
We are monitoring any move back to the Fibonacci zone as shown on the
chart for a possible negative 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 Oil (WTI) as at 13^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Oil continues to trade above the 8 period moving averages. We are
monitoring the possibility that Oil makes an attempt to 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

[acfx]

Daily Technical Analysis for EURUSD as at 14^TH February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485 -1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

Comments

After making an initial bounce from the Fibonacci support area EURUSD is
now experiencing a moderate pull back. We are monitoring the price action to
see if support can hold and possibly push EURUSD higher.

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 14^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD closed under multi month support off the back of a strong down
day. Support effectively could become resistance. We are therefore monitoring
moves back to resistance as a potential shorting 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 USDCHF as at 14^th 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 and has initially rejected Fibonacci
resistance. We are monitoring the price action for a possible negative rotation
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 USDJPY as at 14^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As posted previously “USDJPY continues to bounce off the 8 period
moving averages and has now traded back to this support area. We are monitoring
the price action to see if USDJPY can once again possibly bounce from this
level”.

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 14^th February 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Gold is at the moment holding near the lows of the last isolated swing
low. We are monitoring any move back to the Fibonacci zone as shown on the
chart for a possible negative 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 Oil (WTI) as at 14^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As posted previously “Oil continues to trade above the 8 period moving
averages. We are monitoring the possibility that Oil makes an attempt to 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

[acfx]

Daily Technical Analysis for Gold as at 15th February 2013



DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold continues to trade lower. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative 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 EURUSD as at 15TH February 2013



DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263


Comments
The initial bounce from the Fibonacci support area failed but EURUSD did find support at the 34 period moving averages and the previous congestion zone. We are monitoring the price action to see if support can hold 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 USDJPY as at 15th February 2013



DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


Comments
USDJPY has closed beneath the 8 period moving averages and is this morning trading beneath it. We are monitoring a possible move to the 34 period moving averages where support may be found.

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 15th February 2013



DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

Comments
As posted previously “Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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




Daily Technical Analysis for GBPUSD as at 15th February 2013



DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “GBPUSD closed under multi month support off the back of a strong down day. Support effectively could become resistance. We are therefore monitoring moves back to resistance as a potential shorting 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

[acfx]

Daily Technical Analysis for EURUSD as at 18^TH February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485 -1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

Comments

Although the initial bounce from the Fibonacci support area failed Friday’s
price action showed only limited bearishness. We are monitoring the price
action to see if support can hold 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 GBPUSD as at 18^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Further to the break of multi month support we are monitoring possible
moves back to resistance with the initial target being the 8 period moving
averages and then followed by the trend line break area as placess where shorts
may be taken depending on the price action at that time.

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 18^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9205 – 0.9310

Target 1 : 0.9020

Target 2 : 0.8930

Stop : >0.9390

Comments

As posted previously “USDCHF has traded back into and has initially
rejected Fibonacci resistance. We are monitoring the price action for a
possible negative rotation 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 USDJPY as at 18^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Once again USDJPY bounced from the area of the 8 period moving averages.
We are monitoring the possibility that USDJPY makes an attempt to 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

Daily Technical Analysis for Gold as at 18^th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As posted previously “Gold continues to trade lower. We are monitoring
any move back to the Fibonacci zone as shown on the chart for a possible
negative 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 Oil (WTI) as at 18^th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Oil on Friday made and attempt to breach but bounced off the 34 period
moving averages. The bounce however was not enough to push Oil above the 8
period moving averages. We are monitoring the possibility that Oil makes an
attempt to 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

[acfx]

Daily Technical Analysis for EURUSD as at 19TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

[ATTACH=CONFIG]37330[/ATTACH]

Comments
EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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


Daily Technical Analysis for Gold as at 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative 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 Oil (WTI) as at 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Oil continues to trade between the 8 and 34 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

[acfx]

Daily Technical Analysis for EURUSD as at 19TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation 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 USDJPY as at 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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


Daily Technical Analysis for Gold as at 19th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative 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 Oil (WTI) as at 19th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Oil continues to trade between the 8 and 34 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

[acfx]

Daily Technical Analysis for EURUSD as at 20TH 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 “EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold 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 GBPUSD as at 20h February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

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 20th 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 this morning is moving away from Fibonacci resistance area after rejecting this level. We are monitoring a possible 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 USDJPY as at 20th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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



Daily Technical Analysis for Gold as at 20th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As posted previously “Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative 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 Oil (WTI) as at 20th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Oil has closed and is trading above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

Edited February 20, 2013 by acfx

[acfx]

Daily Technical Analysis for EURUSD as at 21st February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263



Comments
EURUD did not manage to hold the initial support area and is now trading towards an up trend line where we may see buying possibly coming in. Although the Swing bias is still positive a note should be taken of the recent price action which could be either a corrective Zigzag pattern which is part of a larger up move or the beginning of much lower values for this currency pair. We are monitoring the price action to see if the uptrend line does in fact become an important area for 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 GBPUSD as at 21st February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
GBPUSD as previously commented has broken multi month support and continues to trade lower. The price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels this currency pair and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. Furthermore that GBPUSD has slashed through the 1.5270 to 1.5230 previous support areas may possibly indicate the short side is very much dominant but as always participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

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 February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
After such a strong day for USD it is not surprising that USDCHF also reversed its negative bias. However in this case the Swiss Franc did not lose value as strongly as the other currency pairs. This may be just a case of catch up for USDCHF or it could be a possibility that another further depreciation in the Franc’s value will be resisted. We are monitoring the price action in this Fibonacci resistance area to ascertain what the possible likely short term direction is.


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 February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
It is very much more of the same for USDJPY with the price action bouncing around the area of the 8 period moving averages. It is surprising that after such a strong day for USD that the Yen did not depreciate in value. We are monitoring the possibility that USDJPY makes an attempt to 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




Daily Technical Analysis for Gold as at 21st February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold as previously commented has reversed its bullish swing pattern and continues to trade aggressively lower. As mentioned on today’s GBPUSD analysis the price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels Gold and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. As always trading participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

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 February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
What a difference a day makes. Oil was trading above its immediate short term averages and we were contemplating the possibility of a breach of the last isolated HH. Oil has since slashed through the short term averages and is moving into the direction of the down trend line and Fibonacci support. We will be monitoring the price action if these key support areas are reached.

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

[acfx]

Daily Technical Analysis for EURUSD as at 22nd 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 yesterday did breach the down trend line but this was an area where some buying came into the market. The true extent of this buying should be made apparent today if today we see a significant bounce.
We continue to monitor the price action to see if the uptrend line does in fact become an important area for 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 GBPUSD as at 22nd February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
That GBPUSD had a good bounce off the lows yesterday was not surprising as the price action was very much extended from its short term moving averages. This morning the positive reversal has continued with GBPUSD now trading above an area of previous support being 1.5230 to 1.5270. If the price action can hold above this area of support a move to the 8 period moving averages is a possibility and this may also be an area where shorts could be contemplated. Alternatively if we trade beneath support a move to the lasted isolated LL is a possibility.

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 February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9205 – 0.9310
Target 1 : 0.9020
Target 2 : 0.8930
Stop : >0.9390



Comments
The bullish momentum in USDCHF stalled a little and this morning we are seeing the first signs of some bearishness at the top of the Fibonacci resistance area. As both GBP and Gold did bounce somewhat it is not inconceivable that CHF also adds value against the USD. To ascertain the next possible direction the monitoring of the price action on lower times where one could identify Swing Low or Swing High failures may give possible clues.

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 February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As always the 8 period moving averages has offered significant support to the rise of USDJPY. This currency pair is now experiencing prolonged sideways activity. The last time this occurred was back in November and early December prior to USDJPY stellar breakout. One could possibly consider buying approaches to the 8 period moving averages as this has worked in the past or could alternatively draw lines above the top and bottom of this current congestion area and trade the break out or break down. There is a bigger picture to consider which is what is happening right now with the US Bond market and its inverse correlation with US equities and its further relation with USDJPY and capital shifting to Asia.

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 February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Gold yesterday experience a good bounce off the lows which has followed through to this morning. As in the case of GBPUSD this was not a huge surprise as the price action was very much extended from its short term moving averages. A move to the 8 period moving averages is a possibility and this may also be an area where shorts could be considered. Alternatively a failure to move higher should give the bears some encouragement to push Gold 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 22nd February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Oil yesterday continued is move lower and as expected was attracted to the down trend line that has been discussed previously. That Oil did not breach the trend line may give the bulls some encouragement but after such an aggressive down move some good evidence is required if one is to add long term swing trades.

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

[acfx]

Daily Technical Analysis for EURUSD as at 4th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -




Comments
After the rejection of the 8 period moving averages EURUSD is now making new lows. We are currently trading above the significant 1.3000 level. A break beneath this level will add momentum to the down trend as it pushes towards 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 GBPUSD as at 4th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As mentioned on Friday the 8 period moving averages and over head resistance proved to be important as GBPUSD was pushed lower from these levels. The price action is now moving towards the 1.5000 level which may prove significant as a new level of 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 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -




Comments
Thursday breakout did as commented on did take out the last HH. As we are now trading above this HH level the trend effectively switches to long. The price action is extended from the 8 period moving averages. We are therefore looking for a pull back to this average as a location where we will monitor the price action for possible longs.

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 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
USDJPY popped higher on Friday and is now trading above the 8 period moving averages. A breach of the 25th February high will add confirmation to 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 Gold as at 4th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80



Comments
As previously mentioned Gold’s rejection of Fibonacci resistance has proved lucrative for sellers who took positions. Friday’s price action push lower but has yet to reach 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 4th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20



Comments
Oil failed to find support on the down trend line as it broke through this level on Friday. Oil is now trading at the trading at the 61.8% Fibonacci support area after approaching the upward sloping trend line. We are monitoring for a possible positive rotation 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

[acfx]

Daily Technical Analysis for EURUSD as at 5th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
EURUSD did trade beneath the key 1.3000 level however the move thus far has been muted. That the 1.3000 level is in line with the previous low of the 4th January may be significant to buyers of the Euro who are looking for areas where a potential double bottom may possibly form. We are currently monitoring the price reaction as EURUSD approaches the 8 period moving averages as this is a possible area where shorts would be willing to add positions.

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 5th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The price action did move to and breach the 1.5000 level only for it to bounce off it. GBPUSD is now trading at the 8 period moving averages which could possibly be a an area for shorts to add positions.

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 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Following the initial break out the price action is now extended from the 8 period moving averages. We continue to look for a pull back to this average as a location where we will monitor the price action for possible long opportunities.

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 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Following its initial move higher, USDJPY is now trading above the 8 period moving averages. We are monitoring an approach to this average for the possibility of a bounce that takes out the previous HH. Alternatively a break beneath this and the 34 period averages would once again possibly push USDJPY back in the direction of the 25th February low.

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 4th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80



Comments
Gold has thus far failed to follow through to Target 1 and is now attempting to put in a HL. A close above the 1st March high would force us to reevaluate our current short bias.
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 5th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20



Comments
Oil bounced off the 61.8% Fibonacci support area and upward sloping trend line. A close above yesterday’s high would confirm a possible positive rotation in the price action.

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

[acfx]

Daily Technical Analysis for EURUSD as at 7th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
The 8 period moving averages proved once again to be a good area of resistance as EURUSD broke down off it. The Euro traded down to the area of the previous LL but failed to breach it or the significant 1.3000 level. A breach of this level is required over the next few sessions if downside momentum is to continue.


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 March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
As in the case of GBPUSD the 8 period moving averages proved significant as a level of resistance. The subsequent move down has breached the previous LL and the 1.5000 level. We are however this morning trading above the level of the previous LL and would therefore be looking for follow through that would confirm the negative bias

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 March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
After two days of sideways consolidation USDCHF broke higher off an approach to the 8 period moving averages..As our trend bias is now long we are looking for further approaches of the 8 period moving averages as buying opportunities.

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 March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
USDJPY has once again established support above the 8 period moving averages. e continue to monitor the possibility of the price action breaching the prior 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



Daily Technical Analysis for Gold as at 7th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80



Comments
Gold attempted to trade lower yesterday only for buying to come in. It would appear that the bulls are trying to give gold support at these levels. A failure to make another attempt at trading down to Target 1 would give buyers further encouragement to push Gold higher and in the process create a positive HL swing 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 Oil (WTI) as at 7th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20



Comments
Oil yesterday did attempt to trade higher only to reverse. That the price action did not reach the level of the 4th March isolated low could be viewed as bullish. Especially as yesterdays and the 4th’s low are now forming a nice pincer low support within the Fibonacci area and on trend line support. We are currently monitoring the price action to see if Oil can trade higher into the direction of 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

[acfx]

Daily Technical Analysis for EURUSD as at 8th March 2013

DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
EURUSD failed to breach the 1.3000 with any real conviction and rallied off the back of news. Yesterday’s move was so strong that the market closed above the high of the previous 4 days range. Although technically we continue to be swing negative, yesterday’s price action probably sets the market up for a corrective rally up to the upward sloping trend line with pull backs to the 8 period moving averages being used as 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 GBPUSD as at 8th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Although GBPUSD yesterday made a new low, the price action did not manage to close beneath the range of the previous 3 days price action. For the down side momentum to continue, we would like to see a breach of yesterday’s low. A failure to break lower should see GBPUSD trade back up to the 8 period moving average where resistance to further upside momentum could possibly be found.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -



Comments
Once USDJPY established support above the 8 period moving averages, buying came in as the price action pulled back to this average with the subsequent bounce as mentioned yesterday taking out the prior HH. We continue to monitor pull backs to the short average as 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 Gold as at 8th March 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1619.30 – 1656.55
Target 1 : 1554.60
Target 2 : 1526.85
Stop : 1684.80



Comments
The price action for the past 4 sessions is now trading within a tight range underneath the 8 period moving averages. A break out or break down from this range would indicate the next possible direction for Gold. As the price action is trading under the averages and within an overall daily down trend, our focus continues to be on the short side. However if Gold was to trade above the 8 period moving average prior to breaking the box range, our focus would switch to a long side possible break out. The preferred strategy for both the long or short side break is to allow the initial move to happen and then jump in after there has been a pullback and follow through in the direction of the break with the entry taken off a lower time frame.

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 8th March 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 91.70 – 87.90
Target 1 : 98.20
Target 2 : 100.40
Stop : 85.20



Comments
Oil yesterday traded higher off pincer low support that was identified in the prior analysis. We are currently monitoring the price action to see if Oil can trade higher into the direction of 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

[acfx]

Daily Technical Analysis for EURUSD as at 11th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The initial upward movement on Friday was reversed spectacularly with an intraday collapse that broke hourly support. The Euro traded down to the previous LL where support was found. This morning we have so far had a positive albeit quiet open. We are monitoring the price action at the lows to identify if support can hold or if the bears will finally at the fifth attempt break 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 GBPUSD as at 11th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

We mentioned in our last posting that we want to see a break of the lows so as to confirm a continuation of the general down trend. This happened on Friday. GBPUSD is now extended from the 8 period moving averages. Therefore it would not be a surprise if a pullback was to happen before any further down move. Alternatively, GBPUSD could experience a further break down. We are currently monitoring the price action at these levels to ascertain the next immediate market direction.

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 11th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

On Friday morning we mentioned “USDCHF has now traded back to the 8 period move averages after breaking out higher. We are monitoring the price action at these levels to see if buying comes in that pushes the Swiss Franc higher”. As expected we saw strong buying come in as USDCHF approached the 8 period moving averages. Once again the price action is extended from the small average. We continue to monitor pull backs to the average as possible buying opportunities.

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 11th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as 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 Gold as at 11th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold made an initial move to break horizontal support of the current rectangle pattern only for buyers to come in and hold up Gold. We are now focused on a possible upside break. As always our preference is to allow the initial break to happen and enter off the first valid pull back to prior 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 Oil (WTI) as at 11th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil continued its upward advance on Friday and the price action has now broken the downward sloping trend line.

We are monitoring a possible continued 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

[acfx]

Daily Technical Analysis for EURUSD as at 12th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Volatility in EURUSD yesterday dropped. This is not surprising after the wild swings of last week. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current price action.

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 12th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Yesterday GBPUSD edged down slightly only to close near to where it opened. We continue to monitor pull backs to the 8 period moving average as an area where short positions could possibly be considered.

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 12th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF is trading within the range of the 8th March candle. As the price action is now trading towards the 8 period moving average with are monitoring the reaction as it approaches this support level so as to identify possible positive rotation which could propel USDCHF into the direction of the last 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

Daily Technical Analysis for USDJPY as at 12th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As posted yesterday, USDJPY is once again extended from the 8 period moving averages. We continue to monitor pull backs to the short average as 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 Gold as at 12th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

The price action continues to trade within a rectangle formation and above the 8 period moving averages. We expect a possible upside break with a target being the 34 period moving averages. As always our preference is to allow the initial break to happen and enter off the first valid pull back.

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 12th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil continues to trade higher with the 8 period moving average establishing supports beneath the current price action. We are monitoring a possible continued 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

[acfx]

Daily Technical Analysis for EURUSD as at 13th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

EURUSD is trading within a tight range above support. We continue to monitor the price action to see if EURUSD can build a strong base of support above the last isolated LL from where the Euro can push higher into the direction of the broken up trend line. Alternatively a successful break of support could possibly propel EURUSD to the down trend line that can be found beneath the current price action.

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 13th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD continues to trade lower. We continue to monitor pull backs to the 8 period moving averages as an area where short positions could possibly be considered.

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 13th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF is this morning breaking beneath the 8 period moving averages. We are monitoring the price action for a positive rotation that could possibly push the Swiss Franc into the direction of the last HH or alternatively, the downward momentum continues and pushes the price action 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 USDJPY as at 13th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as 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 Gold as at 13th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

The expected upside break we expected and mentioned in previous posts occurred yesterday. We are monitoring a possible move to the 34 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 Oil (WTI) as at 13th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil as expected is breaking higher. Although we continue to monitor a possible continued move to Target 1 the price extension from the 8 period moving averages has to be allowed for as the price action has a tendency to stall or retrace if the gap between the average and price becomes too large.

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

[acfx]

Daily Technical Analysis for EURUSD as at 14th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Yesterday EURUSD attempted to make an early morning break out only for this move to fail. This can be seen on intraday time frames where the Euro failed to breach the high of the 12th March. Ultimately the failed break out reversed and EURUSD broke down. EURUSD has now traded back to prior support which effectively now becomes resistance. We are monitoring the price action to see if EURUSD can trade higher and also close above prior support. A failure to brake and close above prior support will reinforce the short bias and a possible to move to the down trend line that can be found beneath the current price action.

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 14th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD has pulled back to the 8 period moving averages. We are monitoring the price action for negative rotation at these levels where short positions could possibly be considered. Alternatively, GBPUSD could possibly trade higher to the area of prior 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 14th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous 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

Daily Technical Analysis for USDJPY as at 14th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As posted yesterday, USDJPY is this morning retracing towards the 8 period moving averages. We continue to monitor pull backs to the small average as 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 Gold as at 14th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

After breaking higher Gold has traded back to the 8 period moving averages. We are monitoring the price action for a possible move to the 34 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 Oil (WTI) as at 14th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil is trading within the range of the previous two days. We continue to monitor the upward momentum with a possible move to the 34 period moving averages being the initial target. However due to the extension of the price action from the 8 period moving averages a move back to this average is a possibility.

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

[acfx]

Daily Technical Analysis for EURUSD as at 15th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Yesterday EURUSD initially traded lower and then reversed and closed above prior support. A weekly positive RSI divergence appears to be setting up. This divergence needs to be confirmed by the close of business tonight. We are now monitoring a possible move to 1.3135 being the level of the last isolated high. Alternatively a break of support would once again focus our attention on the short 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 GBPUSD as at 15th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Yesterday there was no sign of negative rotation as GBPUSD slashed through the 8 period moving averages and closed strongly. After such a strong move it would not be surprising if there was a pull back to the 8 period moving averages especially as the price is fairly well extended into a Fibonacci zone. However GBPUSD could also possibly attempt to trade up to previous support being 1.5230.

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 15th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Yesterday we wrote “USDCHF as mentioned prior to the move found good support and bounced off the 8 period moving averages. We are monitoring a possible move that breaches the previous isolated HH”. USDCHF did make the HH but then closed lower. We have identified a weekly negative divergence setting up which needs to be confirmed by tonight’s close. As we are now trading beneath the 8 period moving averages we are monitoring the possibility that USDCHF trades much lower. Furthermore if today’s price action can close beneath yesterday’s range then we may have a significant short set up forming as yesterday’s candle is 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

Daily Technical Analysis for USDJPY as at 15th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDJPY continues to trade above the 8 period moving averages. We continue to monitor pull backs to the small average as 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 Gold as at 15th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold continues to find support above the 8 period moving averages. We are monitoring the price action for a possible move to the 34 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 Oil (WTI) as at 15th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil continues to trade within the range of the previous three days, however yesterday we had a good positive close and this morning we are trading near the high of what is now a four day range. A break out from the top of this range is a possible tradable long opportunity but as always our preference is to identify opportunities off lower time frames and enter in the direction of the move. Alternatively a failure to breach the top of the range would place focus onto the short side with the 8 period moving averages being the initial target where support may be found. Our preference being to sell Oil after we have identified a negative rotation off a lower time frame.

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

[acfx]

Daily Technical Analysis for EURUSD as at 19th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The terms of the bail out for Cyprus and the tax on bank deposits hit the markets hard on Monday with the Euro reversing Friday’s gains and gapping down at the open. This morning EURUSD is trading up from yesterday’s lows. It would not be a surprise if we saw a full are partial gap fill but with market being so jittery and hanging off the utterance of every politician the market could just as well trade lower. We are today monitoring the price action for an indication of the short term direction.

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 19th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

After trading higher, GBPUSD is now consolidating at the highs within a tight range. We are monitoring the price action to see if the Pound either trades down to the 8 period moving averages where it will find support or break higher to the area of prior 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 19th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

After trading dramatically lower on Thursday the Franc has traded back to the 8 period moving averages. We are monitoring the price action to see if USDCHF can trade above the average.

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 19th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDJPY has breached the 8 period moving averages where buying has come in. We are monitoring the price action to see if USDJPY can once again trade above this average.

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 19th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold has traded as expected to the 34 period moving averages. We are monitoring pullbacks to the 8 period moving averages which may possibly offer support to any further upmove.

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 19th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

This morning Oil is breaking up from its 3 day range. We continue to monitor a possible 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

[acfx]

Daily Technical Analysis for EURUSD as at 20th March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Following the rejection of the terms of the Cyprus bail out and the unrelenting pressure being heaped upon Cypriot politicians by the German Finance Minister Wolfgang Schaeuble there will have to be a resolution very soon as the uncertainty with respect to the Euro Zones banking system could infect other ailing countries such as Italy and Spain.

From a purely technical perspective, EURUSD failed in its initial attempt to close the window that was created by the opening gap and eventually traded lower. The price action is once again extended from the 8 period moving averages. Our bias continues to be negative but with both eyes firmly be kept on the news flow.

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 20th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD has once again opened up this morning with in a tight range which is now entering its fourth day.

We are monitoring the price action to see if the Pound either trades down to the 8 period moving averages where it will find support or break higher to the area of prior 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 20th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

This morning USDCHF is trading higher and hovering just above the 8 period moving averages. We are monitoring the possibility the Franc trades up to the previous higher high however the negative weekly divergence does also give us a heads up that further downside corrective price action is a possibility.

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 20th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Once again we focus our attention on USDJPY possibly breaching a closing above the 8 period moving averages where it this currency pair will find support prior to moving towards the last isolated HH. Alternatively a move down could push USDJPY initially move to the 34 period moving average and then to Fibonacci support. However the hidden weekly positive divergence may be a heads up that USDJPY could possible trade higher.

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 20th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

After a strong move to the 34 period moving averages Gold has this morning stalled and opened negatively. We are monitoring the price action for a potential move 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 Oil (WTI) as at 20th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Yesterdays attempt by Oil to break out from its range failed and reversed dramatically. For upward momentum to continue we would like to see Oil breach and close above the 34 period moving averages and in the process pull along the 8 period moving averages with it so as to form Golden Cross (short term average crossing the long term average). A failure to do so will put the attention back on the short side with a breach and close of the 18th March low confirming a switch in bias.

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

[acfx]

Daily Technical Analysis for EURUSD as at 21st March 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

Talk of deals behind closed door and followed by rumors of disagreements is adding to the uncertainty and market jitters.

The Euro reversed off its lows and has traded up to the 8 period moving averages. Although a gap fill is still a possibility we are currently monitoring the price action at the small average to ascertain if the upward momentum could possible stall.

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 March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD yesterday traded down to the 8 period moving averages and as predicted this is an area where support was found. Although the Pound traded higher and breached the highs of the range GBPUSD eventually pulled back to close just beneath its open. Yesterday’s range of some 160 pips exceeds the 14 day Average True Range by some 40 pips. With the Pound opening this morning in the middle of the range this could offer scalpers opportunities to take advantage within the range. As the price action is still trading above the 8 period moving averages we continue to monitor pullback to the averages as possible buying opportunities.

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF has failed thus far in its attempts to close above the 8 period moving averages. Combined with the weekly divergence there is now a possibility that the Franc could trade down to Fibonacci support. We continue to monitor the price action and its relationship 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 21st March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

We identified in a prior posting that the hidden weekly positive divergence might be a possible heads up for higher prices. Yesterday USDJPY did trade higher and closed above the 8 period moving averages. We are now monitoring the possibility of USDJPY trading into the direction of 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

Daily Technical Analysis for Gold as at 21st March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

The 34 period moving averages is now offering resistance to Gold with the price action now being squeezed between the 8 and 34 period averages. We now have a two day range with this morning’s price action opening within this range. We are monitoring break outs and break downs from this range with an eye being kept on the price reaction if it trades down to the 8 period moving averages. One point to note is the dramatic drop of in the value of the 14 period Average True Range. Such extreme low values do not usually last for long and it is not an unlikely possibility that Gold begins to once again experience wider ranges.

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil yesterday traded higher and although it did not reverse the previous day’s entire sell off it did manage to close above the 8 period moving averages. This average may offer some support to a further up move however Oil does also need to break the resistance of the 34 period moving average.As mentioned yesterday for upward momentum to continue we would like to see Oil breach and close above the 34 period moving averages and in the process pull along the 8 period moving averages with it so as to form Golden Cross (short term average crossing the long term average). A failure to do so will put the attention back on the short side with a breach and close of the 18th March low confirming a switch in bias.

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

[acfx]

Daily Technical Analysis for EURUSD as at 22nd March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

With Monday’s deadline for a solution looming and with the potential of more news over the weekend the market seems to be in wait and see mode as can be seen by this morning’s open and the tight range over the past three days.

Our technical bias is negative but with so much news flow, the market as can be seen by this week’s price action is ranging and an ideal environment for scalpers with a sound strategy. With respect to pure position plays, our preference is to wait for a break of the range and trade the pullback on a lower time frame.

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 March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

GBPUSD yesterday found good support at the 8 period moving averages and has this morning opened positively. As the Pound is moving towards resistance we are monitoring the price action for possible negative rotation. However with the 34 period moving averages looming above the current price action there is a possibility that the price action trades to this average before stalling

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF this morning is attempting to trade above the 8 period moving averages. We would like to see a close above this average as confirmation of the continued up trend. However the weekly negative divergence needs to use up its energy and this might be occurring with the price action essentially ranging around the 8 period moving averages after the two day collapse of the 14th and 15th March. A failure to hold above the 8 period moving averages will probably mean a switch in bias and a move 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 USDJPY as at 22nd March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

After close above the 8 period moving average USDJPY yesterday was once again pushed back beneath it where it found support at the 34 period moving averages. The hidden weekly positive divergence is still in play therefore any resumption to the upside could possibly be strong and push the Yen past the last isolated HH. Alternatively the current ranging price action from the highs could be the USDJPY using up the energy of the divergence prior to breaking lower. The case for lower USJPY will be confirmed if the 34 period moving average can be broken and with the price action closing beneath it.

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 March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold has closed and is now trading above the 34 period moving averages. We are monitoring the price action to see if the 8 period moving average could form a Golden Cross (short average crossing above the long average). With a continued drop off in the 14 period Average True Range it would not be a surprise to see a resumption of wider range days. The tight range action is now entering its fourth day. We are monitoring break outs and break downs from this range with an eye being kept on the price reaction if it trades down 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 Oil (WTI) as at 22nd March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil is now trading within a four day congestion area and beneath the 8 period moving averages. We had been looking for a Golden Cross (short term average crossing the long term average) to occur. At present this is failing to happen therefore our attention falls back on the short side where pullbacks to the 8 period moving averages offering possible shorting opportunities.

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

[acfx]

Daily Technical Analysis for EURUSD as at 26th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

There was a solution of sorts to the current Euro Zone crisis but we await the open of local Cyprus banks on Friday to see if there is capital flight and how the capital restrictions that are put in place prevent this.

This morning the banking sectors and the citizens of Luxembourg, Malta and Slovenia are probably feeling a little on edge after the Dutch finance minister Jeroen Dijsselbloem and head of the Eurogroup made comments that Cyprus solution was a template for other countries with similar financial sectors to Cyprus. The markets took this as whose next? This can be seen clearly by the sharp reversal in EURUSD which initially attempted to break higher only to reverse and fall to a new low.

The price action is now extended from the 8 period moving average and any pullbacks to this area are possible shorting opportunity. However with so much news around combined with European politicians and official’s propensity to brief without warning one has to expect increased volatility for the foreseeable future.

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 26th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

As predicted, GBPUSD traded to the 34 period moving average and resistance. This is an area where the upward momentum has stalled. We are monitoring the price action to see if it can reverse to the downside from these levels. However as the current price action is supported by the 8 period moving averages we would like to see a breach and close beneath this average to confirm any reversal. Alternatively, a breach and close above yesterdays range could possibly signal much higher values for GBPUSD especially as a breach above the range would signal the continuation of the move from an inverse head and shoulders 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 26th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

There has been a great deal of volatility in USDCHF over past few sessions with a messy range and a wild reversal day yesterday that initially pushed the Franc lower to the 34 period moving average only to reverse and close higher. USDCHF is currently trading above the 8 period moving averages. We are monitoring a possible move into the direction of 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

Daily Technical Analysis for USDJPY as at 26th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The USDJPY is trading at the 34 period moving average and we are monitoring this area as potential support. If Yen can pop up above the 8 period moving average then we will monitor a possible move to the last isolated HH. Alternatively a close beneath the 34 period moving averages combined with a black cross, (the short average crossing beneath the long average) could signal a temporary end to this long up trend.

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 26th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold has found some resistance at the 34 period moving averages but as mentioned in previous postings we now have a Golden Cross (short average crossing above the long average). This could possibly signal higher values for Gold.

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 26th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil broke higher from its congestion range and is once again there is a possibility of a Golden Cross (short term average crossing the long term average) occurring over the next couple of sessions. As the bias has once again switched to the long side we are monitoring pullbacks to the 8 period moving averages as possible long opportunities.

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

[acfx]

Daily Technical Analysis for EURUSD as at 28th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The Cyprus banks are set to open today and all eyes are on the island to see if the capital controls work and how long they will be required. The fear is the longer controls are kept in place the more we get to a reality of a two tier Euro with the Cyprus Euro having a lower value than the Euro for the rest of Europe.

This brings up the wider question of what is the true value of the Euro if you factor out the states that are having economic problems such as Italy. Furthermore is Germany and the North European states benefiting unfairly from a Euro whose value is low due to the Euro Zones economic crisis. If you tie this back into what has happened over the past two weeks the populations of Greece, Spain, Italy and now Luxembourg and Malta may begin to question the benefit of staying in a Euro Zone which they feel is geared to looking after the interest of bankers and the North European industrialists. With Slovenia, Luxembourg and Malta in the cross hairs of the Euro Group we are in for more interesting times.

Back to technical’s, yesterday EURUSD continued on its downward path is now extended from the 8 period moving average and we continue to look for pullbacks to this average as possible shorting opportunities.

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 28th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The Pound has benefited from the Euro Zones turmoil over the past couple of weeks and it is interesting to see if the continued chaos pushes funds in the direction of London.

GBPUSD has traded away from resistance. This was to be expected after such a strong move back into resistance. We are monitoring the strength of the bounce from resistance and if another attempt is made to breach the resistance area.

The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down 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 USDCHF as at 28th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The move to Target 1 continues with the price action some 15 pips away from this target. As we are using the 8 period moving average to shadow the move it would not be a surprising to see the Franc trade back down to its average which would once again offer possible long opportunities.

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 93.90 – 92.30

Target 1 : 96.70

Target 2 : 97.75

Stop : 90.85

Comments

USDJPY continues to trade at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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

Daily Technical Analysis for Gold as at 28th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

With the our focus being increasingly drawn to the Golden Cross of the moving averages and with three days of price support around the average, a close today or tomorrow above both averages would switch our attention onto the long side.

The degree of such a move is in question but possible targets could be the last isolated LH and then the down trend line. A breach of the last isolated LH would of course turn the swing count positive.

Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this bias.

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil continues to move higher however we are noticing a decline in the daily range which is a possible indication that the price action needs to consolidate or correct itself prior to a further move to Target 1. This can be seen by the price extension from the 8 period moving. A move back to the average may offer possible long opportunities.

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

[acfx]

Daily Technical Analysis for EURUSD as at 29th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The banks in Cyprus open on Thursday without much incident. However, this was probably due to most people having better things to do with their time then queue up to withdraw Euro 300. EURUSD did bounce a little but so far the move up is more like a wimper than an emphatic roar that the Euro Zone and Germany succeeded in their experiment .The rise in the Euro being more down to profit taking prior to the long weekend.

With the Maltese trying to distance themselves to what happen in Cyprus with statements that their Banking sector is safe and the Slovenians fearing that they are now being targeted the significant news from London that after five years into this crisis the Bank of England’s Financial Committee has instructed the Banks to raise extra capital of GBP 25bn by the end of 2013 has gone a little unnoticed. It is probably a very sobering thought for the British people and much to the relief of the Euro Skeptics that the UK kept their pound and did not give up financial independence to European self interest groups that envy London’s dominant position as a financial centre in Europe.

The scary thought would be the Euro Group seeing the Cyprus experiment being a success and then rolling out this template to the other PIIGS. This would of course cause capital flight to perceived safe countries such as Germany and Holland. How fortunate for them.

Back to Cyprus the European Commission wants the capital controls want lifted as soon as possible but the Cyprus Finance Minister is talking about months. The targeting of deposit holders for the errors of well paid bankers has changed the rule book and the deposit holders who have been rewarded with worthless equity in banks will not forget what has happen so easily and those who have the ability to move funds to safer financial centers probably will.

Back to the technical’s the Euro is basing and the price is a little extended from the averages but with bank holidays in Western Europe today and Monday in Cyprus Traders are probably keeping away from the markets over the long weekend.

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 29th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

The pound is trading just beneath resistance but we would expect a quiet day due to the Good Friday holiday.

The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down 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 USDCHF as at 29th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

Comments

USDCHF continues to trade just above the moving average after touching it twice. We continue to monitor a possible 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 USDJPY as at 29th March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 93.90 – 92.30

Target 1 : 96.70

Target 2 : 97.75

Stop : 90.85

Comments

USDJPY continues to trade within a very tight range at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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

Daily Technical Analysis for Gold as at 29th March 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1619.30 – 1656.55

Target 1 : 1554.60

Target 2 : 1526.85

Stop : 1684.80

Comments

Gold continues to trade around its Golden cross but with the Markets closed until late on Sunday night there is not much to report with a close above both averages would switch our attention onto the long side and the targets being the last isolated LH and then the down trend line. As mentioned yesterday a breach of the last isolated LH would of course turn the swing count positive.

Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this bias.

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 March 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 91.70 – 87.90

Target 1 : 98.20

Target 2 : 100.40

Stop : 85.20

Comments

Oil continues to grind higher without a pause with the price action getting more and more extended from the 8 period moving averages. A move back to the average may offer possible long opportunities.

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