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Daily Technical Analysis for EURUSD as at 28th 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_zps952d24b9.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 Gold as at 28th 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_zps0c5cff60.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 USDJPY as at 28th December 2012

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zps10441d73.gif

 

Comments

USDJPY continues to trade higher. 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

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Daily Technical Analysis for EURUSD as at 3rd January 2013

 

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_zpsf3745789.gif

 

Comments

EURUSD traded off its highs into the direction of Fibonacci support. We are monitoring a price rotation for a possible buying opportunity on lower time frames.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 3rd January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6225 – 1.6130

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.6065

 

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zpsf378e659.gif

 

Comments

The upper trend line which is formed by multi month triangle resistance is in sight and very much a target for the bulls. The first initial attempt was made but repulsed. GBPUSD is now trading within a new Fibonacci support area. We are monitoring the price action for a possible rotation back to the long side.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at 3rd January 2013

 

Daily Overview

Trend :Short

Ambush Zone :1675 – 1705

Target 1 :1635

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zpsd01d10df.gif

 

Comments

Gold may have stalled within its Fibonacci resistance area. We are monitoring the price action for a possible resumption back to the previous down trend.

 

Definitions

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 3rd January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : 85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zpsde33cb35.gif

 

Comments

Oil has now put in a Higher High. Our bias has shifted to the long side. We are monitoring the price action for pull backs which would be used as possible buying opportunites.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 3rd January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zpsdd5f6cd4.gif

 

Comments

USDCHF this morning is trading positively with Fibonacci resistance and the down trend line becoming targets where shorts could possibly be taken.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 3rd January 2013

 

Daily Overview

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zps2da156a0.gif

 

Comments

As previously posted, USDJPY continues to trade higher. 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

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 7th January 2013

 

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_zps728f98e5.gif

 

Comments

EURUSD on Friday bounced in the Fibonacci support area. We are monitoring the possibility of a move in the direction of Target 1 from here.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for GBPUSD as at 7th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 - 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/gbp_zps10f1073f.gif

 

Comments

We have indicated on the latest daily chart for GBPUSD the best fit for a Fibonacci set up that allows for the recent market action. If GBPUSD fails to hold within the Fibonacci support area the next possibility of support is a bounce off the downward trendline.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for USDJPY as at 7th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/jpy_zpsf6c78ef3.gif

 

Comments

As previously posted, USDJPY continues to trade higher. 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

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 7th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 - 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/chf_zpsee9c51a1.gif

 

Comments

As previously posted, the down trend line and Fibonacci resistance proved yesterday to be good targets. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for Oil (WTI) as at 7th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 - 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : 85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/oil_zpse2a53767.gif

 

Comments

As previously posted, Oil has now put in a Higher High. Our bias has shifted to the long side. We are monitoring the price action for pull backs which would be used as possible buying opportunities.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at at 7th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1675 - 1705

Target 1 : 1635

Target 2 : 1590

Stop : >1725

 

http://i1301.photobucket.com/albums/ag120/acfx1/gold_zps909c3ffd.gif

 

Comments

Gold on Friday breached Target 1 but has since aggressively traded away from that level. Although the bias is still negative we have noted Friday’s bullish close.

 

Definitions

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 8th January 2013

 

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/analisis/eur_zps853f6ac7.gif

 

Comments

EURUSD continues to trade away from the Fibonacci support area. We continue to monitor a possible move to Target 1

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 8th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 - 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gbp_zps029ec189.gif

 

Comments

GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 7th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/jpy_zps61209b76.gif

 

Comments

USDJPY this morning is reversing from its highs. If today’s candle closes beneath the low of the most recent isolated high then we would monitor the possibility of a move to support. 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 momentum is possible

 

Definitions

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 8th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 - 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/chf_zpsf68d8af3.gif

 

Comments

The down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 8th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 - 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/oil_zpsa57bcdae.gif

 

Comments

Our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at at 8th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1660 - 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gold_zpsc3a1a292.gif

 

Comments

We have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.

 

Definitions

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 9th January 2013

 

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/analisis/eur_zps32f23c7f.gif

 

Comments

EURUSD continues to trade around the Fibonacci support area. We continue to monitor a possible move to Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 9th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 – 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gbp_zps97811ec4.gif

 

Comments

As previously GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

 

Definitions

HH Higher High

HL : : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at 9th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1660 – 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gold_zps35f9578d.gif

 

Comments

As previously posted, we have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.

 

Definitions

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 9th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/oil_zps0a139902.gif

 

Comments

As previously posted, our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 9th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/chf_zps318d0bb7.gif

 

Comments

As previously posted, the down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 9th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 85.05 – 83.10

Target 1 : 88.35

Target 2 : 85.50

Stop : <81.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/jpy_zps117daf90.gif

 

Comments

Yesterday we had a close beneath the low of the last isolated high. We are monitoring the possibility of a move to support. 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 momentum is possible

 

Definitions

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 10th January 2013

 

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/analisis/eur_zps3f1a6c44.gif

 

Comments

As posted yesterday. EURUSD continues to trade around the Fibonacci support area. A reaction may also occur as the price action approaches the upward sloping trend line. We continue to monitor a possible move to Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for GBPUSD as at 10th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 - 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gbp_zpsf67ee868.gif

 

Comments

GBPUSD has opened negatively this morning of what maybe the third straight down day. However we are still very early into the session with London yet to open therefore reasonably this pair still has time to close higher. The price action continues to trade within Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for USDJPY as at 10th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 85.05 - 83.10

Target 1 : 88.35

Target 2 : 85.50

Stop : <81.65

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/jpy_zps68f20451.gif

 

Comments

The close beneath the low of the last isolated high was negated by subsequent price action with the 8 period moving average offering support. We are monitoring the possibility USDJPY trading above the last high. A failure to achieve new highs however may herald a move to Fibonacci support. 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 momentum is possible.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 10th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 - 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/chf_zps24b5190b.gif

 

Comments

USDCHF has this morning open positively with an open above the downward sloping trend line. We are however still trading within Fibonacci resistance. We continue to monitor the price action at these levels for weakness which would signal a possible resumption of the down trend

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for Oil (WTI) as at 10th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 - 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/oil_zpsd4ec417a.gif

 

Comments

Oil is experiencing a tight consolidation at the highs. As previously posted, our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at at 10th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1660 - 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gold_zps4f39bf5a.gif

 

Comments

After such high recent volatility Gold has experienced a fairly tight range. We are now in Fibonacci resistance. We are monitoring the price action for signs of weakness that may indicate a possible resumption of the down trend into the direction of Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

Edited by Atlas CapitalFx
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Daily Technical Analysis for Gold as at 11th January 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/gold_zpscf6513ce.gif

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1660 – 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

 

 

Comments

Yesterday we saw a strong positive move into Fibonacci resistance. We continue to monitor the price action

 

for signs of weakness and possible resumption of the prior down trend.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for USDJPY as at 11th January 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/jpy_zps60d7f5d3.gif

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

 

 

Comments

USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is long but with no Swing

 

set up for the time being.

 

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 11thJanuary 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/eur_zpsb21a1029.gif

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3090 – 1.2965

Target 1 : 1.3310

Target 2 : 1.3385

Stop : < 1.2875

 

 

 

Comments

Yesterday afternoon we saw a strong move away from Fibonacci support into the direction of Target 1. We

 

continue to monitor a possible move and breach of Target 1.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for USDCHF as at 11th January 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/chf_zps4e02e598.gif

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : 0.9380

 

 

 

Comments

USDCHF yesterday experienced a strong negative move away from Fibonacci resistance. We continue to monitor

 

the price action for a possible move to and breach of Target 1.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for Oil (WTI) as at 11th January 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/oil_zps354b26b4.gif

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

 

 

Comments

Oil attempted to breach the downward sloping trend line only for the move to be rejected. We are monitoring

 

the price action for a number of possible scenarios the most obvious being a further attempt to breach

 

resistance or a pull back towards 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 GBPUSD as at 11th January 2013

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20acfx%201112013/gbp_zps5cd554ab.gif

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6105 – 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

 

Comments

GBPUSD yesterday saw a strong positive reaction and move away from Fibonacci support. We continue to monitor

 

a possible move to Target 1.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis.

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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Daily Technical Analysis for EURUSD as at 11th January 2013

 

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/analisis/eur_zpsee94a9ab.gif

 

Comments

Yesterday afternoon we saw a strong move away from Fibonacci support into the direction of Target 1. We continue to monitor a possible move and breach of Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 11th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 - 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gbp_zps28e2fcce.gif

 

Comments

GBPUSD yesterday saw a strong positive reaction and move away from Fibonacci support. We continue to monitor a possible move to Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 11th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/jpy_zps86db185c.gif

 

Comments

USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is long but with no Swing set up for the time being.T

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 11th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 - 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/chf_zps2633071f.gif

 

Comments

USDCHF yesterday experienced a strong negative move away from Fibonacci resistance.We continue to monitor the price action for a possible move to and breach of Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 11th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 - 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/oil_zpse2b5eb8b.gif

 

Comments

Oil attempted to breach the downward sloping trend line only for the move to be rejected. We are monitoring the price action for a number of possible scenarios the most obvious being a further attempt to breach resistance or a pull back towards Fibonacci support.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at at 11th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1660 - 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gold_zpse2d990e1.gif

 

Comments

Yesterday we saw a strong positive move into Fibonacci resistance. We continue to monitor the price action for signs of weakness and possible resumption of the prior down trend.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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Daily Technical Analysis 14.1.2013 ACFX.com

 

Daily Technical Analysis EURUSD

 

Comments

Target 1 has been breached. We are monitoring the price action for further possible trade set up.

 

Daily Overview

Trend Long

Ambush Zone 1.3090 – 1.2965

Target 1 1.3310

Target 2 1.3385

Stop <1.2875

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/eur_zps4ff04ade.gif

 

 

Daily Technical Analysis GBPUSD

 

Comments

After pulling back towards Fibonacci support GBPUSD has this morning open marginally positive.We are

monitoring for a possible move to Target 1.

 

Daily Overview

Trend Long

Ambush Zone 1.6105 – 1.5945

Target 1 1.6385

Target 2 1.6620

Stop <1.5825

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/gbp_zpsc58cb532.gif

 

Daily Technical Analysis USDJPY

 

Comments

As previously posted, USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is

long but with no Swing set up for the time being.

 

Daily Overview

Trend Long

Ambush Zone 85.05 – 83.10

Target 1 88.35

Target 2 85.50

Stop <81.65

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/jpy_zps4ae397da.gif

 

 

Daily Technical Analysis USDCHF

 

Comments

USDCHF has made one attempt to breach Target 1 only to marginally fail to reach that price level.We continue

to monitor the price action for a possible move to and breach of Target 1.

 

Daily Overview

Trend Short

Ambush Zone 0.9230 – 0.9320

Target 1 0.9080

Target 2 0.9040

Stop >0.9380

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/chf_zpsbc1b34fc.gif

 

 

Daily Technical Analysis OIL

 

Comments

Oil has traded around the highs for a number of sessions. We are this morning monitoring the possibility of

the Oil making a further attempt at breaching the downward sloping trendline

 

Daily Overview

Trend Long

Ambush Zone 89.55 – 87.00

Target 1 93.80

Target 2 100.40

Stop <85.20

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/oil_zpsfc95a999.gif

 

Daily Technical Analysis GOLD

 

Comments

Friday saw a weak rejection of Fibonacci resistance. We are monitoring for a possibility for Gold to push

further into the direction of Target 1.

 

Daily Overview

Trend Short

Ambush Zone 1660 – 1680

Target 1 1625

Target 2 1590

Stop >1695

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1142013/gold_zps3ae3f4bd.gif

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Daily Technical Analysis for EURUSD as at 14th January 2013

 

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/analisis/eur_zps47f9999d.gif

 

Comments

Target 1 has been breached. We are monitoring the price action for further possible trade set up.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for GBPUSD as at 14th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 1.6105 – 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gbp_zpsf214a635.gif

 

Comments

After pulling back towards Fibonacci support GBPUSD has this morning open marginally positive. We are monitoring for a possible move to Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at 14th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 1660 – 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/gold_zps8f4a79e2.gif

 

Comments

Friday saw a weak rejection of Fibonacci resistance. We are monitoring for a possibility for Gold to push further into the direction of Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 14th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/oil_zpsa236f39e.gif

 

Comments

Oil has traded around the highs for a number of sessions. We are this morning monitoring the possibility of the Oil making a further attempt at breaching the downward sloping trendline

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 14th January 2013

 

Daily Overview

Trend : Short

Ambush Zone : 0.9230 – 0.9320

Target 1 : 0.9080

Target 2 : 0.9040

Stop : >0.9380

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/chf_zps777a6e2b.gif

 

Comments

USDCHF has made one attempt to breach Target 1 only to marginally fail to reach that price level.We continue to monitor the price action for a possible move to and breach of Target 1.

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 14th January 2013

 

Daily Overview

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1301.photobucket.com/albums/ag120/acfx1/analisis/jpy_zpsaa70e07d.gif

 

Comments

As previously posted, USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is long but with no Swing set up for the time being.T

 

Definitions

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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Daily Technical Analysis from ACFX

 

Daily Technical Analysis for EURUSD as at 16thJanuary 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3195 – 1.3080

Target 1 : 1.3400

Target 2 : 1.3385

Stop : < 1.2995

 

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/eur_zps0fa812db.gif

 

Comments

There has been a sufficient pull back to allow us to post the next possible Fibonacci support range. As previously mentioned the 8 period moving average may offer some initial support.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for GBPUSD as at 16th January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.6105 – 1.5945

Target 1 : 1.6385

Target 2 : 1.6620

Stop : <1.5825

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/gbp_zpsa5921460.gif

 

Comments

GBPUSD continues to trade around Fibonacci support with the previous 3 sessions trading within the range of the 10th January candle. We are monitoring for a possible move to Target 1.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis.

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at 16th January 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1660 – 1680

Target 1 : 1625

Target 2 : 1590

Stop : >1695

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/gold_zps5524debc.gif

 

Comments

This morning, Gold has open positively and is now trading above upper Fibonacci resistance level. Although the bias based upon the strategy remains negative our eye is drawn to a possible breach of the prior Lower High as this may indicate a termination or pause of this down trend.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 16th January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/oil_zpsc9db29db.gif

 

Comments

The downward sloping trend line continues to offer strong resistance. We continue to monitor the price action for a possible attempt to once again breach this resistance or alternatively for oil to pull back in the direction of 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 16th January 2013

DAILY OVERVIEW

Trend : -

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/chf_zps85209086.gif

 

Comments

Yesterday we saw a powerful move through the downward sloping trend line that was offering resistance. We have yet to see a 3 bar swing reversal which would change the bias to the long side however we have HH and HL Micro Swing pivots which combined with the trend line break points to a possible trend reversal or pause. For the shorts to stay in control, a down move needs to break the down trend line with conviction and then at least take out MS isolated low.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 16th January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 88.65 -83.40

Target 1 : 89.70

Target 2 : 92.90

Stop : <81.65

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201612013/jpy_zps8d83c306.gif

 

Comments

Yesterday’s close beneath the low of the prior isolated HH together with today’s negative open has allowed us to post a possible scenario. Our bias is long but with a preference to participate in the market in or around 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 Market Outlook from ACFX

 

Daily Market Outlook

 

Posted by on January 16, 2013

 

Important Financial Indicators of the day Forecast Previous

USD 15:30 (GMT) Core CPI m/m 0.2% 1.1%

Currencies

 

EUR/USD The euro’s 8.4 percent gain against the U.S. dollar in the past six months is posing a fresh threat to the European economy just as it shows signs of escaping the debt crisis, said Jean-Claude Juncker, who leads the group of euro-area finance ministers.

The European currency dropped as much as 0.9 percent after Juncker’s comments, the biggest intraday decline since Jan. 3. The euro traded at $1.3306 at 5 p.m. New York time, down 0.6 percent. It touched an intraday high of $1.3404 on Jan. 14, the strongest since Feb. 29, 2012.

 

USD/JPY The yen headed for its biggest two- day gain in eight months amid speculation the Bank of Japan (8301) will fail to impress investors with extra policy measures at its Jan. 21-22 meeting.

The yen rose 0.7 percent to 88.16 per dollar as of 2:15

p.m. in Tokyo, following a 0.8 percent jump yesterday. It would

be the sharpest back-to-back gain since May 18. The Japanese

currency reached 89.67 on Jan. 14, a level unseen since June

2010. The euro slid 0.1 percent to $1.3289 after dropping 0.6

percent yesterday. It touched $1.3404 on Jan. 14, the strongest

since Feb. 29. The currency fell 0.9 percent to 117.14 yen.

 

USD/CAD The Canadian dollar weakened the most in six months against the yen on speculation the central bank may limit policies to devalue the currency after Japan’s economy minister said the country faces economic risks.

The Canadian dollar, called the loonie for the image of the aquatic bird on the C$1 coin, was little changed at 98.43 cents per U.S. dollar at 5:07 p.m. in Toronto, after declining the most since Jan. 4. One loonie buys $1.0160.

 

Commodities

 

Oil traded near the lowest level in almost a week in New York after U.S. crude stockpiles increased and the World Bank cut its economic growth forecasts.

Crude for February delivery was at $93.51 a barrel, up 23 cents, in electronic trading on the New York Mercantile Exchange at 1:46 p.m. Singapore time. The contract declined 0.9 percent to $93.28 yesterday, the biggest drop since Dec. 21 and the lowest close since Jan. 9.

Brent for February settlement, which expires today, was up

37 cents at $110.67 a barrel on the London-based ICE Futures

Europe exchange. The more active March contract rose 35 cents to

$109.98. The front-month European benchmark contract was at a

premium of $17.16 to WTI. It closed at $17.02 yesterday, the

narrowest spread since Sept. 19.

 

Gold advanced for a third day toward

a two-week high as expectations that global policy makers will

need to stimulate growth boosted demand for a store of value.

Platinum fell from the most expensive in three months.

Spot gold gained as much as 0.3 percent to $1,684.75 an ounce and traded at $1,682.45 at 12:48 p.m. in Singapore. The metal reached $1,685.25 yesterday, the costliest since Jan. 3, after Federal Reserve Chairman Ben S. Bernanke said the previous day that while the U.S. economy is responding to monetary stimulus there is still “quite a ways to go.”

 

Equities

 

Asian stocks fell, with the regional

benchmark index heading for its first loss in three days, amid

signs markets are overbought. The Nikkei 225 Stock Average slid

by the most in eight months.

 

The MSCI Asia Pacific Index (MXAP) slid 0.8 percent to 131.61 as of 3:03 p.m. Tokyo time, with almost three stocks falling for each that rose. The gauge has rallied since November after reports showed China’s economy is recovering and Japanese shares gained on speculation Prime Minister Shinzo Abe will pursue more aggressive policies to stimulate the world’s third-largest economy

 

European stocks were little changed as concern that debt-ceiling talks will harm the

U.S. economy and a report showing weaker-than-forecast German growth

offset Spain’s better-than-targeted sale of debt.

 

The Stoxx Europe 600 Index (SXXP) lost less than 0.1 percent to 285.97 at the close of trading. The measure has still gained 2.3 percent since the start of the year after U.S. lawmakers agreed on a budget, avoiding tax increases and spending cuts that threatened to push the world’s biggest economy into a recession.

 

U.S stocks advanced, rebounding from earlier losses in the Standard & Poor’s

500 Index, as a rally in retail and transportation companies

overshadowed concern about discussions on raising the debt ceiling.

 

The S&P 500 rose 0.1 percent to 1,472.34 at 4 p.m. New York time, after falling as much as 0.5 percent earlier. The Dow Jones Industrial Average added 27.57 points, or 0.2 percent, to 13,534.89. The Dow Jones Transportation Average gained 0.7 percent to a record 5,639.64. About 5.8 billion shares changed hands on U.S. exchanges, or 5.7 percent.

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Daily Market Outlook

 

Posted by on January 17, 2013

 

Important Financial Indicators of the day Forecast Previous

USD 15:30 (GMT) Building Permits 0.91M 0.90M

USD 15:30 (GMT) Unemployement Claims 369K 371K

USD 17:00 (GMT) Philly Fed Manufacturing Index 7.1 8.1

NZD 23:45 (GMT) CPI q/q 0.1% 0.3%

Currencies

 

AUD/USD Australia’s dollar slid versus all of its 16 major counterparts after a report today showed employers in the country unexpectedly cut payrolls last month, adding to concern the domestic economy is slowing.

Australia’s dollar lost 0.6 percent to $1.0507 at 2:53 p.m. in Sydney. It dropped 0.7 percent to 92.80 yen, extending its 1.2 percent decline in the previous two days. New Zealand’s currency slid 0.2 percent to 83.90 U.S. cents after rising 0.2 percent yesterday. It weakened 0.3 percent to 74.09 yen

 

USD/JPY The yen fell, snapping a two-day gain, as investors weighed the likelihood of new monetary easing measures by the Bank of Japan (8301) next week.

The yen slid 0.4 percent to 88.74 per dollar at 3:09 p.m. in Tokyo, after gaining 1.2 percent over the previous two days. It sank to 89.67 on Jan. 14, the lowest since June 2010. It fell 0.5 percent to 117.96 per euro. The euro was little changed at $1.3295.

 

USD/CAD The Canadian dollar fell against most of its major peers as government officials in Russia and Japan criticized monetary policies that have devalued major currencies in an attempt to spark economic growth.

The Canadian dollar, known as the loonie for the image of the waterfowl on the C$1 coin, declined 0.2 percent to 98.59 cents per U.S. dollar at 5:05 p.m. in Toronto. One loonie buys $1.0143

 

Commodities

 

Oil fell in New York as investors

speculated a rally to the highest level in four months was

exaggerated amid concern the global economic recovery may

falter, curbing fuel demand

Crude for February delivery declined as much as 44 cents to

$93.80 a barrel in electronic trading on the New York Mercantile

Exchange and was at $93.83 at 1:12 p.m. Singapore time. The

contract climbed 96 cents to $94.24 yesterday, the most since

Jan. 2. It was the highest close since Sept. 18.

Brent oil for March settlement on the London-based ICE

Futures Europe exchange decreased as much as 23 cents to $109.45

a barrel. The European benchmark crude was at a premium of

$15.27 to New York-traded West Texas Intermediate for the same

month. The spread ended yesterday’s session at $16.37, the

narrowest since Sept. 19.

 

Gold traded little changed near a

two-week high as investors weighed concern about slowing global

economic growth and expectations for more stimulus. Palladium

was near the highest level since September 2011.

 

Spot gold was at $1,680.05 an ounce at 10:29 a.m. in Singapore from $1,679.95 yesterday. The metal reached $1,685.25 on Jan. 15, the most expensive since Jan. 3, as U.S. lawmakers wrangled over increasing the $16.4 trillion debt ceiling. Since 1960, Congress has raised or revised the debt limit 79 times, including 49 times under Republican presidents, according to the Treasury Department.

 

Equities

 

Asian stocks declined, with the regional benchmark index poised to fall a second day, after touching a 17-month high this week. The Nikkei 225 (NKY) Stock Average headed for its biggest two-day drop since November 2011 after the yen reversed its losses.

The MSCI Asia Pacific Index dropped 0.5 percent to 130.84

as of 1:42 p.m. Tokyo time, erasing gains of as much as 0.6

percent. The gauge rallied 9.8 percent from Nov. 14 through

yesterday as Japanese shares surged on speculation Prime

Minister Shinzo Abe will pursue more aggressive stimulus

policies and reports showed recovery in the U.S. and China.

 

European stocks were little changed,

erasing an earlier retreat for the region’s benchmark Stoxx

Europe 600 Index, as U.S. industrial production climbed and

Goldman Sachs Group Inc.’s earnings topped estimates.

 

The Stoxx 600 rose less than 0.1 percent to 286.03 at the

close of trading, after earlier falling as much as 0.4 percent.

The gauge has advanced 2.3 percent since the start of the year

after U.S. lawmakers agreed on a budget, avoiding tax increases

and spending cuts

 

U.S stocks fell, following yesterday’s gain, as a cut in the World Bank’s growth forecasts offset a rally in Apple Inc. as investors watched earnings.

.

Three stocks retreated for every two rising on U.S. exchanges at 4 p.m. New York time. The Standard & Poor’s 500 Index advanced less than 0.1 percent to 1,472.63. The Dow Jones Industrial Average declined 23.66 points, or 0.2 percent, to 13,511.23. About 5.6 billion shares changed hands on U.S. exchanges, or 8.6 percent below the three-month average.

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Daily Technical Analysis from ACFX

 

Daily Technical Analysis for EURUSD as at 17thJanuary 2013

DAILY OVERVIEW

Trend Long

Ambush Zone 1.3195 – 1.3080

Target 1 1.3400

Target 2 1.3385

Stop <1.2995

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/eur_zps9f8abf20.gif

 

Comments

There has been a sufficient pull back to allow us to post the next possible Fibonacci support range. As previously mentioned the 8 period moving average may offer some initial support.

 

Definitions

HH Higher High

HL Higher Low

LL Lower Low

LH Lower High

CofT Change of Trend

 

Daily Technical Analysis for GBPUSD as at 17th January 2013

DAILY OVERVIEW

Trend Long

Ambush Zone 1.6105 – 1.5945

Target 1 1.6385

Target 2 1.6620

Stop <1.5825

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/gbp_zps88adac31.gif

 

Comments

GBPUSD continues to trade around Fibonacci support with the previous 3 sessions trading within the range of the 10th January candle. We are monitoring for a possible move to Target 1.

 

Definitions

HH Higher High

HL Higher Low

LL Lower Low

LH Lower High

CofT Change of Trend

 

 

Daily Technical Analysis for Gold as at 17th January 2013

DAILY OVERVIEW

Trend Short

Ambush Zone 1660 – 1680

Target 1 1625

Target 2 1590

Stop >1695

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/gold_zps4c40938d.gif

 

Comments

This morning, Gold has open positively and is now trading above upper Fibonacci resistance level. Although the bias based upon the strategy remains negative our eye is drawn to a possible breach of the prior Lower High as this may indicate a termination or pause of this down trend.

 

Definitions

HH Higher High

HL Higher Low

LL Lower Low

LH Lower High

CofT Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 17th January 2013

DAILY OVERVIEW

Trend Long

Ambush Zone 89.55 – 87.00

Target 1 93.80

Target 2 100.40

Stop <85.20

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/oil_zpsd694a5a3.gif

 

Comments

The downward sloping trend line continues to offer strong resistance. We continue to monitor the price action for a possible attempt to once again breach this resistance or alternatively for oil to pull back in the direction of Fibonacci support.

 

Definitions

HH Higher High

HL Higher Low

LL Lower Low

LH Lower High

CofT Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 17th January 2013

DAILY OVERVIEW

Trend -

Ambush Zone -

Target 1 -

Target 2 -

Stop -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/chf_zps9950f815.gif

 

Comments

Yesterday we saw a powerful move through the downward sloping trend line that was offering resistance. We have yet to see a 3 bar swing reversal which would change the bias to the long side however we have HH and HL Micro Swing pivots which combined with the trend line break points to a possible trend reversal or pause. For the shorts to stay in control, a down move needs to break the down trend line with conviction and then at least take out MS isolated low.

 

Definitions

HH Higher High

HL Higher Low

LL Lower Low

LH Lower High

CofT Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 17th January 2013

DAILY OVERVIEW

Trend Long

Ambush Zone 88.65 – 83.40

Target 1 89.70

Target 2 92.90

Stop <81.65

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%201712013/jpy_zpsa8248694.gif

 

Comments

Yesterday’s close beneath the low of the prior isolated HH together with today’s negative open has allowed us to post a possible scenario. Our bias is long but with a preference to participate in the market in or around Fibonacci support.

 

Definitions

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 January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3195 – 1.3080

Target 1 : 1.3400

Target 2 : 1.3385

Stop : < 1.2995

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/eur_zps2007c89b.gif

 

Comments

After reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.

 

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 January 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/gbp_zps1e192154.gif

 

Comments

Last Wednesday’s HL breach carried on through to Friday. Technically the Swing Strategy is bearish. However GBPUSD is now trading around the area of previous resistance which may now offer some support. We are monitoring the possibility of a bounce from these levels. At the moment, it is probably too early in the move to post possible Fibonacci resistance sell zones.

 

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 January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/gold_zps1cdd6cb8.gif

 

Comments

Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current move.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 21st January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 89.55 – 87.00

Target 1 : 93.80

Target 2 : 100.40

Stop : <85.20

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/oil_zps307f7c15.gif

 

Comments

Friday’s action was muted with Oil closing lower after initially putting in marginal new highs in what was by comparison a very tight range. This price action may indicate the possibility of Oil moving back to the 8 period moving average or trend line support.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for USDCHF as at 21st January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/chf_zpsef0659d7.gif

 

Comments

Friday’s price action of breaching the previous swing high is the confirmation needed to change the swing strategy bias to the long side. Although the 8 period moving averages and the downward sloping trend line may offer some support to upside directional momentum we will await developments before posting possible specific entry levels.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for USDJPY as at 21st January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202112013/jpy_zps4e165d17.gif

 

Comments

Thus far USDJPY has continued to make new highs with each pullback lasting no more than a couple of bars therefore negating the retracement strategy that is the preference of Swing Traders. Our bias continues to be long.

 

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 Market Outlook from ACFX

 

Daily Market Outlook

 

Posted by on January 21, 2013

 

Important Financial Indicators of the day Forecast Previous

EUR 09:00 (GMT) EuroGroup Meeting text text

 

Currencies

 

AUD/JPY The Australian dollar declined

versus the yen before an inflation report this week that may

prompt further interest-rate cuts, damping demand for the

nation’s assets.

Australia’s dollar declined 0.4 percent to 94.28 yen as of

1:21 p.m. in Sydney, and traded little changed at $1.0516 after

touching $1.0486 on Jan. 18, the least since Jan. 8. New

Zealand’s currency, known as the kiwi, weakened 0.8 percent to

74.84 yen. It declined 0.2 percent to 83.47 cents, after

touching 83.34, the lowest since Jan. 7.

 

USD/JPY The yen rallied from its weakest

level in 2 1/2 years as Asian stock declines spurred demand for

safety and a decrease in bearish bets supported the currency.

The yen rose 0.4 percent to 89.75 per dollar as of 11:52 a.m. in Tokyo after earlier touching 90.25, the weakest since June 2010. Japan’s currency gained 0.3 percent to 119.59 per euro, after sliding 0.8 percent last week. The dollar was little changed at $1.3324 per euro from its close on Jan. 18, when it advanced 0.4 percent.

 

GBP/USD The pound had its steepest weekly

drop against the dollar since June on concern the U.K. economy

is struggling to expand and as growing investor confidence in

the euro-area damps demand for the currency as a haven.

 

The pound fell 1.7 percent to $1.5861 in the week to 5:46

p.m. London time yesterday, after sliding to $1.5854, the lowest

level since Nov. 16. The U.K. currency lost 1.5 percent to 83.83

pence per euro after depreciating to 83.95 pence, the weakest

since March 28.

 

USD/CAD The Canadian dollar fell the most in a month against its U.S. counterpart as selling pressure emerged after signs of economic growth from the U.S. and China failed to drive the currency above a key technical level.

The loonie fell 0.7 percent to 99.17 cents per U.S. dollar

this week in Toronto, the largest decline since the five days

ended Dec. 21. One loonie buys $1.0084.

 

Commodities

 

Oil dropped from the highest price

in four months in New York before U.S. lawmakers vote on budget

measures and European finance ministers meet to discuss the debt

crisis that threatens the region’s economy.

WTI for February delivery, which expires tomorrow, slid as

much as 36 cents to $95.20 a barrel in electronic trading on the

New York Mercantile Exchange and was at $95.23 at 1:23 p.m.

Sydney time. The more-active March future declined 27 cents to

$95.77. The front-month future increased 7 cents to $95.56 on

Jan. 18, the highest close since Sept. 17.

Brent for March settlement fell 25 cents to $111.64 a barrel on the London-based ICE Futures Europe exchange. The average volume of all contracts traded was 84 percent above the 100-day average. The European benchmark contract was at a premium of $15.89 to WTI futures for the same month. The gap was $15.16 on Jan. 17, the narrowest since July 24

 

Gold advanced on expectations for

more stimulus while U.S. lawmakers wrangle over the country’s

debt limit. Silver traded near the highest level in a month and

was set for the longest rally in a year

Gold rallied for a 12th year in 2012 on global stimulus

measures. The Bank of Japan starts a two-day policy meeting

today, while European finance ministers meet in Brussels for the

first time this year. In the U.S., House Republicans will use a

planned Jan. 23 vote on a three-month debt-ceiling increase to

try to force Senate Democrats to adopt a budget to spell out

their spending plan.

 

Equities

 

Asian stocks fell amid

speculation shares may have risen too far, too fast. Japanese

shares led the retreat as the yen climbed against the dollar

after hitting its lowest level in 2 1/2 years.

 

The MSCI Asia Pacific Index slid 0.1 percent to 132.62 as

of 11:35 a.m. in Tokyo, with about four stocks falling for every

three that rose. The gauge rallied 11 percent from Nov. 14

through Jan. 18 as Japanese shares jumped on optimism Prime

Minister Shinzo Abe will pursue more aggressive stimulus

policies to boost the economy.

 

European stocks were little changed

this week as better-than-expected economic data from China and

the U.S. offset concern that debt-ceiling talks will weigh on

recovering growth in the world’s biggest economy.

 

The Stoxx 600 Europe Index fell less than 0.1 percent to 287.03 this week. The measure climbed to its highest level since February 2011 last week amid speculation that U.S. companies’ earnings would exceed analysts’ estimates.

 

U.S stocks rose for a third week,

driving benchmark indexes to five-year highs, as earnings from

companies including General Electric Co. and Goldman Sachs Group

Inc. beat estimates and debt-limit talks progressed.

 

The S&P 500 (SPX) rose 1 percent to 1,485.98, extending its 2013 advance to 4.2 percent. The Dow Jones Industrial Average added 161.27 points, or 1.2 percent, to 13,649.70. Both measures closed at their highest levels since December 2007.

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Daily Technical Analysis for EURUSD as at 22nd January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3195 – 1.3080

Target 1 : 1.3400

Target 2 : 1.3385

Stop : < 1.2995

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/eur_zpsf674fb18.gif

 

Comments

As posted yesterday, “after reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.”

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 22nd January 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/gbp_zpsf5d2565d.gif

 

Comments

Yesterday’s price action managed to breach the 15th November lows. This price action has created a lower low on the Weekly time frame. At the moment, it is probably too early in the move to post a possible Fibonacci resistance sell zone 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 22nd January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/gold_zps8e3e4f39.gif

 

Comments

As posted yesterday, “Thursdays move above the previous swing high would indicate that the long bias will now dominate directional price momentum. The swing strategy bias has taken account of this change in sentiment. At the moment we have not posted a new trade set up for longs as it is possible too early in the current move.”

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Oil (WTI) as at 22nd January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/oil_zpsfcced310.gif

 

Comments

After the previous two days muted price action Oil is this morning trading higher. We continue to monitor the price action for an opportunity to participate in this up move.

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for USDCHF as at 22nd January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : 0.9230 – 0.9140

Target 1 : 0.9385

Target 2 : 0.9490

Stop : <0.9080

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/chf_zpscb2b4ab1.gif

 

Comments

USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity.

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 22nd January 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202212013/jpy_zpsf8e01805.gif

Comments

USDJPY is making another attempt at a pull back. We have identified a weekly negative RSI divergence and declining ADX readings after moving into extreme areas as possible indications that this strong trend may finally need to take a pause.

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 Market Outlook

 

Posted by on January 22, 2013

 

Important Financial Indicators of the day Forecast Previous

JPY Tentative BOJ Press Conference

EUR 12:00 (GMT) German ZEW Economic Sentiment 12.2 6.9

CAD 15:30 (GMT) Core Retail Sales m/m 0.1% 0.5%

USD 17:00 (GMT) Existing Home Sales 5.09M 5.04M

EUR 20:00 (GMT) ECB President Draghi Speaks

 

Currencies

 

AUD/JPY The Australian dollar halted a two- day decline against the yen before the Bank of Japan (8301) concludes a policy meeting amid speculation it will announce further stimulus measures.

Australia’s dollar traded at 94.14 yen as of 1:41 p.m. in

Sydney from 94.23 yesterday after a 0.6 percent two-day decline.

It rose 0.1 percent to $1.0522. New Zealand’s dollar bought

75.04 yen from 74.91 yesterday and rose 0.4 percent to 83.89

U.S. cents

 

USD/JPY The yen weakened toward the lowest level since June 2010 after the Bank of Japan (8301) announced open- ended asset purchases and adopted a 2 percent inflation target.

The yen lost 0.2 percent to 89.78 per dollar at 1:11 p.m. in Tokyo. Japan’s currency weakened 0.4 percent to 119.78 per euro following a 0.6 percent advance to 119.30 yesterday. The euro gained 0.3 percent to $1.3350.

 

Commodities

 

Oil traded near a four-month high in New York as Japan’s central bank said it will expand asset purchases to lift the world’s third-biggest crude consumer out of its third recession in five years. Brent prices advanced.

Crude for February delivery, which expires today, was at

$95.59 a barrel in electronic trading on the New York Mercantile

Exchange, up 3 cents at 11:53 a.m. Singapore time. The more

active March contract gained 8 cents at $96.12. Yesterday’s

transactions will be booked with today’s trades for settlement

purposes. Front-month futures rose 7 cents to $95.56 on Jan. 18,

the highest close since Sept. 17.

Brent oil for March settlement on the London-based ICE

Futures Europe exchange traded at $112.05 a barrel, up 34 cents.

The average volume of all contracts was 4 percent above the 100-

day average. The European benchmark crude was at a premium of

$15.97 to New York futures for the same month. The spread was

$15.16 on Jan. 17, the narrowest since July 24.

 

Gold extended its advance toward a one-month high after the Bank of Japan set a 2 percent inflation target and shifted to Federal Reserve-style open-ended asset purchases in an attempt to end two decades of deflation.

Spot gold increased as much as 0.2 percent to $1,693.30 an

ounce and traded at $1,692.60 at 12:08 p.m. in Singapore.

Bullion reached a one-month high of $1,696.29 on Jan. 17 on

concern global growth may slow. Gold for February delivery

gained 0.3 percent to $1,691.90 on the Comex in New York.

 

Equities

 

Asian stocks rose as the Bank of Japan (8301) said it would set a 2 percent inflation target and shifted to Federal Reserve-style open-ended asset purchases.

The MSCI Asia Pacific Index rose 0.2 percent to 132.43 as of of 1:12 p.m. in Tokyo, with about the same number of stocks rising and falling. Asia’s benchmark equities index is poised to gain for a third month amid signs the U.S. and Chinese economies are recovering and as Japanese shares rallied on Prime Minister Shinzo Abe’s more aggressive stimulus policies.

 

European stocks climbed to a one-

week high as euro-area finance ministers met for the first time

this year to address the region’s debt crisis. U.S. index

futures advanced.

 

The Stoxx Europe 600 Index (SXXP) rose 0.3 percent to 287.78 at the close of trading, the highest since Jan. 9. The gauge has gained 2.9 percent this year after U.S. lawmakers agreed on a budget deal avoiding most tax increases and spending cuts that had threatened to push the economy into a recession. With the so-called fiscal cliff averted, Congress now must decide whether to lift the federal debt limit as soon as mid-February

 

Canadian stocks rose, closing at the highest level in more than 17 months, as European finance ministers met for the first time this year to discuss a solution to the region’s debt crisis.

The Standard & Poor’s/TSX Composite Index (SPTSX) rose 68.56 points, or 0.5 percent, to 12,794.25 in Toronto, the highest close since August 2011. The benchmark gauge has gained 2.9 percent this year. Markets in New York were closed for Martin Luther King Jr. Day.

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Daily Technical Analysis 23.1.2013 ACFX.com

 

Daily Technical Analysis for EURUSD as at 23rd January 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3195 – 1.3080

Target 1 : 1.3400

Target 2 : 1.3385

Stop : < 1.2995

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/eur_zps8de3d45c.gif

 

Comments

EURUSD continues to trade in or around the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.

 

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 23rd January 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/gbp_zps542b491c.gif

 

Comments

GBPUSD continues to trade around the lows. At the moment, it is probably too early in the move to post a possible Fibonacci resistance sell zone 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 USDCHF as at 23rd January 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 0.9230 – 0.9140

Target 1 : 0.9385

Target 2 : 0.9490

Stop : <0.9080

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/chf_zps10915ea3.gif

 

Comments

As posted yesterday, “USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity.”

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

Daily Technical Analysis for USDJPY as at 23rd January 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/jpy_zps4196cba2.gif

 

Comments

Yesterday’s analysis and comment about the RSI divergence combined with declining ADX values has so proved correct in identifying a trend pause and reversal. We would like to see a substantial decline before posting a 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 23rd January 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/gold_zps44734bbe.gif

 

Comments

Gold continues to trade at its highs. At the moment we have not posted a new trade set up for longs as it is possible too early in the current move however an upside break is also likely.

 

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 23rd January 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTAacfx1232013/oil_zps2ec4b399.gif

 

Comments

Oil continues to move higher are the brief two day pause. We continue to monitor the price action for an opportunity to participate in this up move.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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