acfx Posted February 25, 2013 Report Share Posted February 25, 2013 Daily Technical Analysis for EURUSD as at 25th 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 experienced an indecisive day right on the upward sloping trendline. This could be a clue that the Bears may have lost confidence in furthershorting this market. This morning’s open has been has been positive. Wecontinue to monitor the price action to see if the uptrend line does in factbecome an important area for support. Definitions Trend : Currenttrend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 25th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments The bounce in GBPUSD was short lived as the price action slashedthrough the 1.5230 to 1.5270 support area. We continue to have a negative biasbut have a preference to look at opportunities near the 8 period movingaverages. Definitions Trend : Current trend as defined by technicalSwing Analysis. HH : HigherHigh HL : HigherLow LL : LowerLow LH : LowerHigh CofT : Change of Trend Daily Technical Analysis for USDJPY as at 25th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments The scenario mentioned on Friday of buying at the 8 period movingaverages support area is possibly in play with the price action making anattempt to breach the last isolated HH. We continue to monitor the price actionto see if USDJPY does actually breach horizontal resistance in its unrelentingupward march. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 25th 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 bullish momentum stalled on Friday and Monday’s session thus faris experiencing a negative open. We continue to monitor the price action onmultiple time frames so as to indentify Swing Low or Swing High failures thatmay give us clues to the next possible market direction. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 25th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Goldcontinued to rise off the lows and this upward movement has followed through totoday’s session. The 8 period moving averages as mentioned previously is theinitial target where shorts may possible be considered. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 25th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Oil made its first attempt to touch the downward sloping trend line butthis initial move was rejected. If support can hold around these levels Oil mayexperience a possible bullish pop in price at least until the area of the 8period moving averages. Alternatively a break of support may see Oil move tothe Fibonacci area where the price action will be monitored for a possiblepositive rotation. Definitions Trend : Current trend as defined by technicalSwing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
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