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Daily Technical Analysis for EURUSD as at 11th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


eur_zpsb7c8e267.gif

Comments
EURUSD BOUNCES STRONGLY OFF SUPPORT.
EURUSD HUGE OPEN RANGE.
EURUSD PRINTS A BULLISH PIERCING LINE.

EURUSD is this morning trading higher from the open after yesterdays up day. Today’s opening range is 240 pips which equates to 203% of the daily average true range.

After breaching the prior swing low EURUSD has bounced aggressively over the past two sessions and retraced over 400 pips from the lows. With such large volatility trying to decide when and which direction to trade can be difficult. As the swing bias is still bearish we are monitoring EURUSD move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for GBPUSD as at 11th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


gbp_zps92aefbfe.gif

Comments
GBPUSD BOUNCES STRONGLY OFF SUPPORT.
GBPUSD HUGE OPEN RANGE.
GBPUSD PRINTS A BULLISH PIERCING LINE.
GBPUSD LARGE EXPANDING TRIANGLE FORMING.

GBPUSD is this morning trading higher from the open after yesterdays up day. Today’s opening range is 192 pips which equates to 132% of the daily average true range.

After breaching the prior swing low GBPUSD has bounced aggressively over the past two sessions and retraced over 370 pips from the lows. With such large volatility trying to decide when and which direction to trade can be difficult. As the swing bias is still bearish we are monitoring GBPUSD up to resistance at the 1.5250 level to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for USDCHF as at 11th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

chf_zpsc2011d2e.gif

Comments
USDCHF BREAKS DOWN AGGRESSIVLY FROM TREND LINE RESISTANCE.

USDCHF is this morning trading lower from the open after yesterdays up day. Today’s opening range is 189 pips which equates to 197% of the daily average true range.

After trading higher over the past two weeks yesterday USDCHF broken down aggressively resistance from the downward sloping trend line. The move down over the past two sessions has been over 335 pips. We are monitoring the price action for the possibility for a resumption of the down trend however the 34 period moving averages may off some initial support.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce of trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.


Daily Technical Analysis for USDJPY as at 11th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

jpy_zpsc0952cd2.gif

Comments
USDJPY IS ATTEMPTING TO BREAK DOWN FROM FIBONACCI RESISTANCE.
USDJPY IS THIS MORNING TRADING BENEATH THE 100 LEVEL.

USDJPY is this morning trading down from the open after yesterdays down day. Today’s opening range is 162 pips which equates to 143% of the daily average true range.

USDJPY is attempting to break down from the Fibonacci resistance and trading beneath the 100 level. We continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 11th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


gold_zps1c006ed3.gif

Comments
GOLD BREACHES PREVIOUS LOWER HIGH.

Gold is this morning trading higher from the open after yesterdays up day. Today’s opening range is 3900 pips which equates to 120% of the daily average true range

Gold this morning has broken above the previous swing lower high level of 1267.19 and therefore effectively changing the trend to up.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can traded into Fibonacci resistance a shorting opportunity might possibly be offered.



Daily Technical Analysis for Oil (WTI) as at 11th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


oil_zps424a25fe.gif


Comments
OIL CONTINUES TO TRADE HIGHER.

Oil is this morning trading higher from the open after yesterdays up day. Today’s opening range is 135 pips which equates to 66% of the daily average true range.

Yesterday continued to trade higher from its opening range. The price action is becoming extended from the averages and therefore a corrective down to sideways move is a possibility. We however continue to monitor the price action for further upside momentum.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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Daily Technical Analysis for EURUSD as at 12th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

eur_zps632263e4.gif

Comments
EURUSD REJECTS FIBONACI RESISTANCE

EURUSD is this morning trading lower from the open after yesterdays up day. Today’s opening range is 27 pips which equates to 24% of the daily average true range.

Yesterdays strong up move was halted and rejected at Fibonacci resistance. As the swing bias is still bearish we are monitoring EURUSD move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for GBPUSD as at 12th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gbp_zps1dad4037.gif

Comments
GBPUSD APPROACHES THE 1.5250 RESISTANCE LEVEL.

GBPUSD is this morning trading lower from the open after yesterdays up day. Today’s opening range is 23 pips which equates to 16% of the daily average true range.

GBPUSD upward momentum has stalled as it approached the 1.5250 resistance level. As the swing bias is still bearish we are monitoring GBPUSD up to resistance at the 1.5250 level to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for USDCHF as at 12th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

chf_zpsd3ccda4f.gif


Comments
USDCHF BOUNCE OFF THE 34 PERIOD MOVING AVERAGES.

USDCHF is this morning trading higher from the open after yesterdays down day. Today’s opening range is 23 pips which equates to 25% of the daily average true range.

After trading higher over the past two weeks yesterday USDCHF broken down aggressively resistance from the downward sloping trend line. We are monitoring the price action for the possibility for a resumption of the down trend however the 34 period moving averages has offered some initial support.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce of trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.


Daily Technical Analysis for USDJPY as at 12th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

jpy_zpsf3595274.gif

Comments
USDJPY YESTERDAY PRINTS A BULLISH HAMMER CANDLE.

USDJPY is this morning trading unchanged from the open after yesterdays down day. Today’s opening range is 64 pips which equates to 59% of the daily average true range.

USDJPY is attempting to break down from the Fibonacci resistance and trading beneath the 100 level. We continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 12th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gold_zps951c3577.gif

Comments
GOLD OPENS AND TRADES WITHIN THE PREVIOUS DAYS RANGE.

Gold is this morning trading lower from the open after yesterdays up day. Today’s opening range is 1280 pips which equates to 40% of the daily average true range

Gold this morning is trading within the previous day’s range. We are monitoring the price action for further upside momentum.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can traded into Fibonacci resistance a shorting opportunity might possibly be offered.


Daily Technical Analysis for Oil (WTI) as at 12th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

oil_zpsb60a1302.gif

Comments
OIL CORRECTS BACK TO THE AVERAGES

Oil is this morning trading lower from the open after yesterdays down day. Today’s opening range is 61 pips which equates to 31% of the daily average true range.

Yesterday initially traded higher from its open only to fall back and closed lower. The price action is becoming extended from the averages and therefore a corrective down to sideways move is a possibility. We however continue to monitor the price action for further upside momentum.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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acfx Newbie

acfx

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Daily Technical Analysis for EURUSD as at 15th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

eur_zps3e44ec33.gif


Comments
On Friday EURUSD continued to trade under Fibonacci resistance but buying did come in near the end of the session to pair the losses. As the swing bias is still bearish we are monitoring EURUSD move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced into the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.



Daily Technical Analysis for GBPUSD as at 15th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gbp_zps11e98e8c.gif


Comments
GBPUSD upward momentum has failed to breach the 1.5250 resistance level. As the swing bias is still bearish we are monitoring GBPUSD up to resistance of 1.5250 level to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experienced a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for USDCHF as at 15th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


chf_zps74c28a17.gif

Comments
After aggressively trading lower since the touch of the downward sloping trend line USDCHF experienced an indecisive day on Friday. We are monitoring the price action for the possibility for a resumption of the down trend however the 34 period moving averages has offered some initial support.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce from trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.


Daily Technical Analysis for USDJPY as at 15th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


jpy_zps6db52799.gif

Comments
USDJPY on Friday traded and closed within the range of the previous day’s candles. A breach of the high or low of this range could give an indication of today’s market direction.

USDJPY is attempting to break down from the Fibonacci resistance and trading beneath the 100 level. We continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 15th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gold_zpsb899d062.gif

Comments
Gold on Friday traded and closed within the previous day’s range. We are monitoring the price action for further upside momentum.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can trade into Fibonacci resistance a shorting opportunity might possibly be offered.


Daily Technical Analysis for Oil (WTI) as at 15th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

oil_zpsf4bf4fb7.gif

Oil on Friday traded higher off its approach to the 8 period moving average support. The two averages are becoming extended from each other which may indicate a need for a corrective down to sideways move. We however continue to monitor the price action for further upside momentum.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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acfx Newbie

acfx

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Daily Technical Analysis for EURUSD as at 16th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

eur_zps8f533d24.gif


Comments
EURUSD is this morning trading higher from the open after yesterdays down day. Today’s opening range is 40 pips which equates to 35% of the daily average true range.
Yesterday EURUSD continues to trade under Fibonacci resistance but buying did come in near the end of the session to pair the losses. As the swing bias is still bearish we are monitoring EURUSD move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced into the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for GBPUSD as at 16th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gbp_zps9b14ded0.gif

Comments
GBPUSD is this morning trading higher from the open after yesterdays down day. Today’s opening range is 52 pips which equates to 37% of the daily average true range.

GBPUSD upward momentum has failed to breach the 1.5250 resistance level. As the swing bias is still bearish we are monitoring GBPUSD up to resistance of 1.5250 levels to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experienced a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for USDCHF as at 15th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


chf_zps17125aee.gif

Comments
USDCHF is this morning trading lower from the open after yesterdays up day. Today’s opening range is 20 pips which equates to 25% of the daily average true range.

USDCHF continues to base at the lows after the aggressive break down. We are monitoring the price action for the possibility for a resumption of the down trend however the 34 period moving averages has offered some initial support.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce from trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.


Daily Technical Analysis for USDJPY as at 16th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

jpy_zps17318d59.gif

Comments
USDJPY CONTINUES TO TRADE NEAR FIBONACCI RESISTANCE.

USDJPY is this morning trading lower from the open after yesterdays up day. Today’s opening range is 42 pips which equates to 40% of the daily average true range.

Yesterday USDJPY broke higher from its two day range and moved toward Fibonacci resistance. We continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 16th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gold_zpse70a803e.gif

Comments
GOLD TRADES WITHIN A FOUR DAY RANGE.

Gold is this morning trading unchanged from the open after yesterdays unchanged day. Today’s opening range is 780 pips which equates to 27% of the daily average true range

Gold continues to trade within a four day range. We are monitoring the price action for further upside momentum.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can trade into Fibonacci resistance a shorting opportunity might possibly be offered.



Daily Technical Analysis for Oil (WTI) as at 16th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

oil_zps611974c2.gif

Comments
Oil is this morning trading lower from the open after yesterdays up day. Today’s opening range is 73 pips which equates to 36% of the daily average true range.
Oil continues to trade at the highs of this up move. The two averages are becoming extended from each other which may indicate a need for a corrective down to sideways move. We however continue to monitor the price action for further upside momentum.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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acfx

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Daily Technical Analysis for EURUSD as at 17th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

eur_zps804b9924.gif

Comments
EURUSD TRADES BACK INTO FIBONACCI RESISTANCE.
EURUSD PRINTS A BULLISH PIERCING LINE CANDLE.

EURUSD is this morning trading lower from the open after yesterdays down day. Today’s opening range is 31 pips which equates to 26% of the daily average true range.
Yesterday EURUSD printed a bullish piercing line candle as it traded into Fibonacci resistance. As the swing bias is still bearish we are monitoring EURUSD move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced into the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for GBPUSD as at 17th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gbp_zpse87e9542.gif

Comments
GBPUSD YESTERDAY BOUNCES OFF THE 8 PERIOD MOVING AVERAGES.

GBPUSD is this morning trading lower from the open after yesterdays up day. Today’s opening range is 55 pips which equates to 39% of the daily average true range.

Yesterday GBPUSD bounced off the 8 period moving averages but the upward momentum has failed to breach the 1.5250 resistance level. As the swing bias is still bearish we are monitoring GBPUSD up to resistance of 1.5250 levels to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experienced a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.



Daily Technical Analysis for USDCHF as at 17th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

chf_zps4c4b8406.gif

Comments
USDCHF BOUNCES MODERATLEY OFF THE 0.9400 AREA.

USDCHF is this morning trading higher from the open after yesterdays down day. Today’s opening range is 32 pips which equates to 33% of the daily average true range.

USDCHF put in another down leg as it tries to break through the 34 period moving averages. We are monitoring the price action for the possibility of a move in the direction of the previous swing low.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce from trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.



Daily Technical Analysis for USDJPY as at 17th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

jpy_zpsf80a4504.gif

Comments
USDJPY OPENS AND IS TRADING WITHIN THE PREVIOUS DAYS RANGE.

USDJPY is this morning trading higher from the open after yesterdays down day. Today’s opening range is 46 pips which equates to 42% of the daily average true range.

Yesterday USDJPY continued to trade within Fibonacci resistance. We continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 17th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gold_zpsa8b799e6.gif

Comments
GOLD TRADES WITHIN A FOUR DAY RANGE.

Gold is this morning trading lower from the open after yesterdays up day. Today’s opening range is 900 pips which equates to 33% of the daily average true range

Gold continues to trade within a five day range. We are monitoring the price action for further upside momentum.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can trade into Fibonacci resistance a shorting opportunity might possibly be offered.


Daily Technical Analysis for Oil (WTI) as at 17th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

oil_zpsbcf3609f.gif

Comments
OIL TRADES DOWN TO THE 8 PERIOD MOVING AVERAGES.
Oil is this morning trading lower from the open after yesterdays down day. Today’s opening range is 58 pips which equates to 36% of the daily average true range.
Oil continues to trade at the highs of this up move. The two averages are becoming extended from each other which may indicate a need for a corrective down to sideways move. We however continue to monitor the price action for further upside momentum.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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acfx

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Daily Technical Analysis for EURUSD as at 19th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

eur_zps845ed8e7.gif

Comments
EURUSD TRADES WITHIN A FOUR DAY RANGE.

EURUSD is this morning trading higher from the open after yesterdays down day. Today’s opening range is 61 pips which equates to 51% of the daily average true range.
Yesterday EURUSD struggled to trade higher into Fibonacci resistance. As the swing bias is still bearish we are monitoring EURUSD the move into Fibonacci resistance for an indication if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced into the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. A Head and Shoulders pattern is forming and awaiting validation by breaking down.
8. The price action has entered into a Fibonacci resistance zone.
Alternative counter trend bullish factors:
1. The price action has experience a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for GBPUSD as at 19th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gbp_zpsaea0fd5d.gif

Comments
GBPUSD THIS MORNING ATTEMPTS TO BREACH THE 1.5250 RESISTANCE LEVEL.

GBPUSD is this morning trading unchanged from the open after yesterdays up day. Today’s opening range is 54 pips which equates to 39% of the daily average true range.

Following the bounce off the 8 period moving averages GBPUSD continues to try and breach the 1.5250 resistance. As the swing bias is still bearish we are monitoring GBPUSD up to resistance of 1.5250 levels to see if the price action will revert to the down side or if there will be a continuation of the up move.

In terms of the bigger the swing bias has changed to negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias has turned negative.
2. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
3. The averages have crossed negatively.
4. The price action had broken key trend line support but is this morning trading above it.
5. The RSI is confirming the move.
6. The weekly time frame is in gear with the daily time frame.
7. The price action has traded through an area of a prior congestion.
8. The price action traded through the 1.5250 support level.
Alternative counter trend bullish factors:
1. The price action has experienced a strong bounce off support that will flush out many of the shorts.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the price action trading above the 8 period moving averages approaches back to this average could offer support and a buying area.


Daily Technical Analysis for USDCHF as at 19th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -


chf_zps95ec50b5.gif

Comments
USDCHF CONTINUES IT BOUNCE OFF THE 0.9400 AREA.
USDCHF FINDS SUPPORT AT THE 34 PERIOD MOVING AVERAGES.

USDCHF is this morning trading lower from the open after yesterdays up day. Today’s opening range is 56 pips which equates to 56% of the daily average true range.

USDCHF yesterday found support at the 34 period moving where it bounced and this upward momentum has continued this morning. We are monitoring the price action for a potential move to the 8 period moving averages. However as the swing bias continues to be negative we are monitoring a possible move to the area of the previous swing low.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The weekly time frame continues to have a negative bias.
3. The price action could find downside pressure coming in off trend line resistance.
4. The weekly time frame is in gear with the daily time frame.
5. The price action has broken down from a Fibonacci resistance zone.
6. The RSI is in gear with the move.
7. The price action has experience a strong bounce off resistance that will flush out many of the longs.
Alternative counter trend bullish factors:
1. USDCHF is trading above the 34 period moving averages.
2. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down we continue to monitor this bounce from trend line resistance.

Scenario 2
Alternatively retracements to the 34 period moving averages could offer support and buying opportunities.


Daily Technical Analysis for USDJPY as at 19th July 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

jpy_zpseb8d4043.gif

Comments
USDJPY TESTS THE 100 SUPPORT LEVEL.

USDJPY is this morning trading lower from the open after yesterdays up day. Today’s opening range is 106 pips which equates to 91% of the daily average true range.

Yesterday USDJPY closed above the 8 period moving averages following its bounce off the 34 period moving averages. However the price action this morning USDJPY has tested the 100 level. As the price action is trading within Fibonacci resistance we continue to monitor the possibility of a resumption of the prior downtrend however as the Weekly time frame has yet to turn negative a further downside movement could be limited.

In terms of the bigger picture the swing bias is negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias remains negative.
2. The price action has broken below the significant 100 level.
3. The RSI is confirming the move.
4. The price action has managed to break below the upward sloping trend line.
5. Fibonacci resistance is offering down side pressure.
Alternative counter trend bullish factors:
1. The weekly time remains with a positive bias.
2. The 34 period moving averages could offer support to further upside to the next resistance levels.
3. The moving averages have crossed positively.
Scenario 1
As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities

Scenario 2
Alternatively as the weekly outlook remains positive USDJPY support could possibly be found at the 34 period moving averages.


Daily Technical Analysis for Gold as at 19th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

gold_zps6af73784.gif

Comments
GOLD TRADES WITHIN A SEVEN DAY RANGE.

Gold is this morning trading higher from the open after yesterdays up day. Today’s opening range is 500 pips which equates to 20% of the daily average true range

Gold continues to trade within a seven day range. We are monitoring the price action for further upside momentum. However there is potential for sideways to downward correction.

In terms of the bigger picture the swing changed to positive.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. The RSI is diverging positively.
Alternative counter trend bearish factors:
1. The moving averages are layered negatively.
2. The 1322 support level has been breached.
3. The averages have crossed negatively.
4. The price action has retraced in the negatively layered averages which could offer a selling opportunity.
5. The weekly time frame continues to point down.
6. The price action is close to a Fibonacci resistance zone.
Scenario 1
As the dominant daily trend is up the retracement into the averages might possibly offer buying opportunities.

Scenario 2
Alternatively if Gold can trade into Fibonacci resistance a shorting opportunity might possibly be offered.


Daily Technical Analysis for Oil (WTI) as at 19th July 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

oil_zpsc1dd0927.gif

Comments
OIL CONTINUES TO TRADE OFF THE 8 PERIOD MOVING AVERAGES.
Oil is this morning trading lower from the open after yesterdays up day. Today’s opening range is 45 pips which equates to 23% of the daily average true range.
Oil continued its move off the 8 period moving averages. We are monitoring the possibility of a continued up move. However the two averages are becoming extended from each other which may indicate a need for a corrective down to sideways move.

In terms of the bigger picture the swing bias remains negative.

The following factors are confirming or reinforcing this market bias:
1. The swing bias is positive.
2. Oil is trading above the averages.
3. The averages are layered positively.
4. An inverse Head and Shoulders pattern has broken to the upside.
5. The price action is trading above the large monthly converging triangle.
6. The weekly RSI divergence is invalidate by this oscillator breaking its down trend and printing a higher high.
Alternative counter trend bearish factors:
1. The price action is extended from the averages.
Scenario 1
As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities.

Scenario 2
Alternatively as Oil is becoming extended from the averages a corrective pullback is a possibility.

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acfx

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EUR/USD

Trend: Upwards
RSI: Above 50 and over brought
Bollinger Band: Positive

eurusddaily_zpsa14f0c13.png

Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.

GBP/USD

Trend: Upwards
RSI: Above 50 and over brought
Bollinger Band: Ranging

gbpusddaily_zps9f0d5eeb.png


Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


USD/JPY

Trend: Upwards
RSI: Above 50 and over brought
Bollinger Band: Positive


usdjpydaily_zpse0f4b946.png

Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


USD/CHF

Trend: Down
RSI: Below 50 and oversold
Bollinger Band: Negative

usdchfdaily_zps39ececb0.png


Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.

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Trend: UP
RSI: Above 50 and overbought
Bollinger Band: positive

eurusdh1_zpsa76f064f.png

Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


Trend: Up
RSI: Above 50
Bollinger Band: Positive


gbpusdh1_zps913babb9.png

Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.


Trend: Down
RSI: Below 50 and oversold
Bollinger Band: Negative

usdjpyh1_zpsa2e9c912.png


Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such
transactions.


Trend: Down
RSI: Below 50 and oversold
Bollinger Band: Negative

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Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.

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Financial Disclaimer: Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not a guarantee of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Please see our Terms & Conditions for more information.
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