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Daily Technical Analysis for USDCHF as at 18th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/usdchf_zps82634993.gif

 

Comments

No change from yesterday’s posting. The bias has shifted to the short side. It is too early to post a Fibonacci short set up but our eye is drawn to the down trend line as an area where short entries could possibly be taken.

 

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

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Daily Technical Analysis for GBPUSD as at 18th December 2012

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6105 – 1.6045

Target 1 : 1.6220

Target 2 : 1.6310

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gpbusd_zps837c5734.gif

 

Comments

New long set up posted. Our preference is to wait for a pull back before one enters the trade with the initial area of interest being the 8 period moving 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

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Daily Technical Analysis for Gold as at 18th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1719.80 – 1739.15

Target 1 : 1684.50

Target 2 : 1671.90

Stop : 1754.40

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zps0cf5578b.gif

 

Comments

Yesterday Gold traded close to Target 1. We are monitoring Gold for continued bearish momentum to Target 2.

 

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

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Daily Technical Analysis for EURUSD as at 18th December 2012

 

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3030 – 1.2940

Target 1 : 1.3190

Target 2 : 1.3285

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eurusd_zps7559147c.gif

 

Comments

New long set up posted. Our preference is to wait for a pull back before one enters the trade with the initial area of interest being the 8 period moving 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

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Daily Technical Analysis for Oil (WTI) as at 18th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zpsb7c34bc9.gif

 

Comments

Oil continues to make minor micro swings within a relatively tight range. We are monitoring the current bullish momentum and the reaction once Oil enters Fibonacci 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

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Daily Technical Analysis for USDJPY as at 18th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/usdjpy_zps1c2fe7e0.gif

 

Comments

Yesterday USDJPY closed its opening gap. Our bias is long but with a preference to purchase a pullback initially at the 8 period moving averages and then at the Fibonacci support area. We are monitoring the price action and most probably list new Fibonacci levels and targets tomorrow.

 

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

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Daily Technical Analysis for Gold as at 19th December 2012

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1719.80 – 1739.15

Target 1 : 1684.50

Target 2 : 1671.90

Stop : 1754.40

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zps03b36771.gif

 

Comments

Yesterday Gold reached Target 1 and 2. We are monitoring the price action at these levels for further down side momentum.

 

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

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Daily Technical Analysis for Oil (WTI) as at 19th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zpsbf737229.gif

 

Comments

Oil is now trading marginally beneath Fibonacci resistance. We continue to monitor the price action at these levels. However, a failure to breach the uptrend line will force us to review our 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

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Daily Technical Analysis for EURUSD as at 19th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3065 – 1.2960

Target 1 : 1.3255

Target 2 : 1.3285

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eur_zpsd7b08b4a.gif

 

Comments

EURUSD continued to trade higher yesterday with no short signals generated on the lower 4 and 1 hour position entry time frames. Our bias is still on the long side with a preference is to wait for a pullback rather than to chase the move 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

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Daily Technical Analysis for USDJPY as at 19th December 2012

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zps52e2737e.gif

 

Comments

USDJPY has been trading within a tight range for the past 2 days. Our bias is still on the long side with a preference is to wait for a pullback rather than to chase the move 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

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Daily Technical Analysis for GBPUSD as at 19th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6135 – 1.6055

Target 1 : 1.6270

Target 2 : 1.6310

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zpsde037ea7.gif

 

Comments

GBPUSD continued to trade higher yesterday with no short signals generated on the lower 4 and 1 hour position entry time frames. Our bias is still on the long side with a preference is to wait for a pullback rather than to chase the move 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

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Daily Technical Analysis for USDCHF as at 19th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zpsf25c88ff.gif

 

Comments

USDCHF continues to trade lower. Our bias is still on the short side with a preference is to wait for a pullback rather than to chase the move lower. We have set not Fibonacci level yet but key areas to consider for placing shorts are the 8 period moving averages and the down trend line.

 

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

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Daily Technical Analysis for USDJPY as at 20th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 83.15 – 82.35

Target 1 : 84.60

Target 2 : 85.50

Stop : <81.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zpsc4ef6c48.gif

 

Comments

USDJPY yesterday pushed higher only for sellers to come into the market during the start of the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by 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

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Daily Technical Analysis for Oil (WTI) as at 20th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zps4b7116a5.gif

 

Comments

Oil is now trading within the Fibonacci resistance area. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical 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

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Daily Technical Analysis for EURUSD as at 20th December 2012

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3090 – 1.2965

Target 1 : 1.3310

Target 2 : 1.3385

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eur_zps837fcc9e.gif

 

Comments

EURUSD yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by 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

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Daily Technical Analysis for Gold as at 20th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1690 – 1710

Target 1 : 1660

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zpsc8296496.gif

 

Comments

New short set up posted. We have identified possible selling opportunities initially at the 8 period moving average and then at Fibonacci 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

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Daily Technical Analysis for USDCHF as at 20th December 2012

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9085

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zps53eeed5f.gif

 

Comments

USDCHF yesterday pushed lower only for buyers to come into the market. Yesterday’s positive close has so far continued into the European session. We are monitoring possible selling opportunities initially at the 8 period moving average followed by 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

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Daily Technical Analysis for GBPUSD as at 20th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6155 – 1.6065

Target 1 : 1.6305

Target 2 : 1.6620

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zpsef10ab53.gif

 

Comments

GBPUSD yesterday pushed higher only for sellers to come into the market. Yesterday’s negative close has so far continued into the European session. We are monitoring possible buying opportunities initially at the 8 period moving average followed by 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

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Daily Technical Analysis for USDJPY as at 21st December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 83.15 – 82.35

Target 1 : 84.60

Target 2 : 85.50

Stop : <81.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zps35679fd5.gif

 

Comments

We continue to monitor possible buying opportunities initially at the 8 period moving average followed by 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 USDCHF as at 21st December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9085

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zps8294bfb7.gif

 

Comments

We continue to monitor possible selling opportunities initially at the 8 period moving average followed by Fibonacci 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 21st December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zps7d06e494.gif

 

Comments

No change from yesterdays positing. Oil is now trading within the Fibonacci resistance area. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical 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

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Daily Technical Analysis for EURUSD as at 21st December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3090 – 1.2965

Target 1 : 1.3310

Target 2 : 1.3385

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eur_zps13c1c28c.gif

 

Comments

EURUSD is trading off the highs. We are monitoring the price action and will assess the current market state if there is a retracement initially to the 8 period moving averages and then the Fibonacci support area.

 

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 December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1675 – 1705

Target 1 : 1635

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zps50bb18a8.gif

 

Comments

Gold continues to trade lower. We are monitoring the price action for potential shorting opportunities at the 8 period moving average and Fibonacci 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 GBPUSD as at 21st December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6155 – 1.6065

Target 1 : 1.6305

Target 2 : 1.6620

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zps6f0b3d00.gif

 

Comments

GBPUSD is trading off the highs. We are monitoring the price action and will assess the current market state if there is a retracement initially to the 8 period moving averages and then the Fibonacci support area.

 

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

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Daily Technical Analysis for Oil (WTI) as at 24th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil1_zps1c6fab54.gif

 

Comments

Oil is now trading within the Fibonacci resistance area and closed lower on Friday. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical 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 Gold as at 24th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1675 – 1705

Target 1 : 1635

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold1_zpsafd17814.gif

 

Comments

Gold traded off the Friday morning lows to end the session higher. We are monitoring the price action for potential shorting opportunities at the 8 period moving average and Fibonacci 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 GBPUSD as at 24th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6155 – 1.6065

Target 1 : 1.6305

Target 2 : 1.6620

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp1_zpsd009261e.gif

 

Comments

GBPUSD has traded down to Fibonacci support. We are monitoring the price action for any upside momentum.

 

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

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Daily Technical Analysis for EURUSD as at 24th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3090 – 1.2965

Target 1 : 1.3310

Target 2 : 1.3385

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eur1_zps0ecf31b3.gif

 

Comments

EURUSD is trading off its highs is now bouncing off the 8 period moving average. We continue to monitor the price action for upward momentum.

 

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 24th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9085

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf1_zpsfeee8d04.gif

 

Comments

We continue to monitor possible selling opportunities initially at the 8 period moving average followed by Fibonacci 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 USDJPY as at 24th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 83.15 – 82.35

Target 1 : 84.60

Target 2 : 85.50

Stop : <81.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy1_zps3d03ec79.gif

 

Comments

We continue to monitor possible buying opportunities initially at the 8 period moving average followed by 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

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Daily Technical Analysis for Gold as at 27th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1675 – 1705

Target 1 : 1635

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zps2c528779.gif

 

Comments

Gold is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

 

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 27th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3090 – 1.2965

Target 1 : 1.3310

Target 2 : 1.3385

Stop : < 1.2875

 

http://i1301.photobucket.com/albums/ag120/acfx1/eur_zps80a8e28c.gif

 

Comments

EURUSD is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

 

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 27th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9085

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zpsf52ecc93.gif

 

Comments

USDCHF is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

 

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

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Daily Technical Analysis for GBPUSD as at 27th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6155 – 1.6065

Target 1 : 1.6305

Target 2 : 1.6620

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zps7f9fb4cb.gif

 

Comments

BPUSD is trading within its Fibonacci support area. Tight daily ranges during the holiday period would not be unexpected.

 

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 27th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zps60e47fd4.gif

 

Comments

USDJPY gapped and traded higher on Boxing Day and this positive move has continued through to this morning’s European session. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible.

 

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 27th December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zps8e410be9.gif

 

Comments

Oil continues to trade higher within its Fibonacci resistance area and experienced a strong Boxing Day rally that has so far continue through to the European session. Technically the bias is to the short side but the current positive price action has been noted.

 

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

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Daily Technical Analysis for GBPUSD as at 28th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6155 – 1.6065

Target 1 : 1.6305

Target 2 : 1.6620

Stop : < 1.6000

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zpsebedf80f.gif

 

Comments

GBPUSD is trading within its Fibonacci support area. Tight daily ranges during the holiday period would not be unexpected.

 

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 December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9085

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zps83dee40a.gif

 

Comments

USDCHF is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

 

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 December 2012

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 88.80 – 91.50

Target 1 : 84.00

Target 2 : 77.25

Stop : >93.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zpsd6a8df1d.gif

 

Comments

Oil continues to trade higher within its Fibonacci resistance area and experienced a strong Boxing Day rally that has so far continue through to the European session. Technically the bias is to the short side but the current positive price action has been noted.

 

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

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