Atlas CapitalFx Posted January 24, 2013 Author Report Share Posted January 24, 2013 Daily Technical Analysis for EURUSD as at 24th 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%202312013/eur_zps080c93e6.gif Comments EURUSD has experienced 3 days of indecision which can be seen by the doji candles. Today’s open also has the same indecisive price action. The consequence of this indecisiveness can be seen by the formation of a converging triangle. A break of this pattern either to the highs or to the lows may point to the direction of the next move. However, one must be aware of false break outs. A downward break may give the possibility of buying EURUSD within Fibonacci support. An upward break could offer a buying opportunity with our preference being to wait for a pullback after the initial 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 GBPUSD as at 24th January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202312013/gbp_zps875a8b7d.gif Comments GBPUSD continues to bounce around support in what can be described as much muted price action. A move back into the direction of the 8 period moving averages is a possibility with our preference being a substantial retracement which would offer a selling opportunity at Fibonacci resistance. However a break of these lows could offer a selling opportunity with the logical action maybe to wait for a pullback after the initial move. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202312013/gold_zps6a58fa45.gif Comments Gold has begun a possible retracement. A new possible Fibonacci resistance buy zone has been posted. 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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202312013/oil_zps55b3f23a.gif Comments After yesterday’s lower close we have now posted the possibility of a buying opportunity at Fibonacci support. As the 8 period moving averages have offered support to this move we are monitoring the price action at these levels. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 24th 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%202312013/chf_zps2f0d2fcf.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 24th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202312013/jpy_zpsd682f1b4.gif Comments Yesterday USDJPY did manage to close beneath the 8 period moving averages. However this morning we are experiencing a strong positive open. As previously posted, we a seeing a negative RSI divergence and declining levels in the ADX together with extreme ATR readings. For these reasons and although an upside break may still happen, our view is for the time being at least to sit on the sidelines until resolution occurs. 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 24, 2013 Author Report Share Posted January 24, 2013 Daily Market Outlook from ACFX Daily Market Outlook Posted by on January 24, 2013 Important Financial Indicators of the day Forecast Previous EUR 10:30 (GMT) German Flash Manufacturing PMI 47.1 46.0 USD 15:30 (GMT) Unemployement Claims 359K 335K Currencies AUD/USD Australian currency rose versus the yen after a survey of companies showed Chinese manufacturing expanded at the fastest pace in two years, brightening the outlook for commodity exports. Australia’s dollar rose 0.3 percent to 93.79 yen as of 3:19 p.m. in Sydney. It fell 0.3 percent to $1.0520. New Zealand’s currency gained 0.7 percent to 75.19 yen and added 0.1 percent to 84.34 U.S. cents. USD/JPY The yen weakened, snapping a three- day advance against the dollar, as signs of strengthening manufacturing in China curbed Asian stock losses and damped demand for safer assets. The yen lost 0.7 percent to 89.18 per dollar as of 1:09 p.m. in Tokyo after gaining 1.7 percent in the previous three days. The Japanese currency reached 90.25 on Jan. 21, the weakest level since June 2010. It fell 0.6 percent to 118.75 per euro from yesterday. The dollar was little changed at $1.3315 per euro. USD/CAD The Canadian dollar fell to parity against its U.S. counterpart after the Bank of Canada said the need to raise interest rates is less urgent as the economy will take longer to reach full output The Canadian dollar, known as the loonie for the image of the aquatic bird on the C$1 coin, fell 0.7 percent to 99.92 cents per U.S. dollar at 5:02 p.m. in Toronto. It touched the weakest level since Nov. 19. One loonie buys $1.0008. The currency weakened beyond its 200-day moving average at 99.83 cents. Commodities Oil traded near the lowest level in a week in New York after U.S. crude stockpiles gained and capacity on the Seaway pipeline was reduced. West Texas Intermediate crude for March delivery was at $95.46 a barrel, up 23 cents, in electronic trading on the New York Mercantile Exchange at 1:27 p.m. Sydney time. The contract dropped $1.45 yesterday, the most since Dec. 21, to the lowest price since Jan. 16. The average volume of all futures traded was 75 percent above the 100-day average. Brent for March settlement fell 32 cents to $112.48 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $17.04 to WTI futures, down from $17.57 yesterday. The gap was $15.16 on Jan. 17, the narrowest in almost six months Gold will rally this year and into 2014 as U.S. Federal Reserve policy makers will probably maintain asset purchases for two more years to buttress the recovery of the largest economy, according to Morgan Stanley. Gold for immediate-delivery fell 0.2 percent at $1,682.05 an ounce at 12:24 p.m. in Singapore. The price dropped to $1,625.85 on Jan. 4, the lowest level since August, after the release of the FOMC minutes. Gold, which slumped 5.5 percent in the three months to December, has gained 0.4 percent this year. Equities Asian stocks swung between gains and losses as Japanese shares rallied on a weaker yen, China’s manufacturing beat estimates and North Korea threatened a nuclear test. Apple Inc. (AAPL) suppliers fell after the company reported its slowest profit growth since 2003. The MSCI Asia Pacific Index slid 0.1 percent to 131.96 as of 1:07 p.m. in Tokyo, after gaining as much as 0.1 percent and falling 0.4 percent. About four stocks rose for every three that retreated. The gauge jumped 10 percent through yesterday from Nov. 14, when elections were announced in Japan, spurring a rally in the country’s shares amid speculation the new government would do whatever was necessary to end deflation. European stocks advanced, after remaining little changed for most of the day, as the U.S. House of Representatives gathered to vote on suspending the country’s debt limit and as results from Novartis to Unilever (ULVR) beat analyst estimates. The Stoxx Europe 600 Index (SXXP) added 0.2 percent to 288.22 in London, as the number of shares rising and those falling were roughly even. The gauge this month surged to the highest level since February 2011 as U.S. lawmakers agreed on a compromise budget and American companies reported better-than-projected earnings. U.S stocks rose, after benchmark indexes reached five-year highs, as lawmakers voted to temporarily suspend the federal debt limit and technology stocks rallied amid better-than-forecast earnings. The Standard & Poor’s 500 Index gained 0.2 percent to 1,494.81 at 4 p.m. in New York. The Dow Jones Industrial Average rose 67.12 points, or 0.5 percent, to 13,779.33. About 6.1 billion shares changed hands on U.S. exchanges, in line with the three-month average. Nasdaq 100 futures dropped 1.7 percent to 2,712 as of 6:18 p.m. on Apple’s earnings report. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 25, 2013 Author Report Share Posted January 25, 2013 Daily Market Outlook Posted by on January 25, 2013 Important Financial Indicators of the day Forecast Previous EUR 11:00 (GMT) German Ifo Business Climate 103.1 102.4 GBP 11:30 (GMT) Prelim GDP q/q -0.1% 0.9% CAD 15:30 (GMT) Core CPI m/m -0.2% 0.0% USD 17:00 (GMT) New Home Sales 387K 377K Currencies EUR/USD The Australian dollar rose versus the yen for a second day on speculation pressure will increase on the Bank of Japan (8301) to expand stimulus after core consumer prices in the nation declined last month. Australia’s dollar rose 0.2 percent to 94.54 yen as of 1:45 p.m. in Sydney. It fell as low as $1.0439, the weakest since Jan. 4, before trading little changed at $1.0452. USD/JPY The yen headed for a record stretch of weekly losses against the dollar as data showing a decline in Japanese consumer prices added to the case for further monetary stimulus from the central bank. The Japanese currency slid 0.1 percent to 90.45 per dollar at 1:17 p.m. in Tokyo from yesterday, after earlier touching 90.69, the weakest since June 21, 2010. It was set for an 11th weekly loss, the longest losing streak in data compiled by Bloomberg going back to 1971. GBP/USD The pound fell to the weakest level in 11 months versus the euro before data tomorrow that economists said will show U.K. gross domestic product shrank last quarter. The pound depreciated 0.8 percent to 84.76 pence per euro at 4:35 p.m. London time after sliding to 84.81 pence, the weakest since Feb. 28. Sterling fell 0.4 percent to $1.5780 after declining to $1.5757, the lowest since Aug. 28. Commodities Oil headed for a seventh weekly advance in New York, the longest run of gains in almost four years, amid signs of global economic growth and a drop in crude stockpiles at Cushing, the U.S. storage hub. Crude for March delivery was at $95.88 a barrel, down 7 cents, in electronic trading on the New York Mercantile Exchange at 1:11 p.m. Sydney time. Futures rose 0.8 percent to $95.95 yesterday, the most since Jan. 17, and are up 0.4 percent this week. A seventh weekly gain would be the longest run since April 2009. The average volume of all futures traded today was 61 percent below the 100-day average. Brent for March settlement fell 17 cents to $113.11 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $17.27 to WTI futures, down from $17.33 yesterday. The gap was $15.16 on Jan. 17, the narrowest in almost six months. Gold was poised for a weekly decline after reports from the U.S. to China signaled improving global growth, curbing demand for the metal as a haven asset. Platinum was on course for the best run of weekly gains in almost a year. Gold for immediate delivery fell as much as 0.3 percent to $1,663.85 an ounce, the cheapest since Jan. 14, and was at $1,667.85 at 12:51 p.m. in Singapore. Prices are 1 percent lower this week, the most since the period to Dec. 21. Bullion for February delivery dropped as much as 0.4 percent to $1,662.60 an ounce, also the lowest since Jan. 14, on the Comex in New York Equities Asian stocks rose as declines in Japanese consumer prices added to the case for more monetary stimulus, boosting the Topix Index toward its longest weekly winning streak in 40 years. Shares also gained after U.S. jobless claims fell to a five-year low. The MSCI Asia Pacific Index (MXAP) rose less than 0.1 percent to 131.49 as of 12:50 p.m. in Tokyo. About five stocks gained for every four that fell. The gauge is set for a 0.9 percent loss this week after a two-day retreat from the highest close in 17- months on Jan 22. European stocks climbed to their highest level since February 2011 as jobless claims in the U.S. fell to a five-year low and the House of Representatives voted to temporarily suspend the federal government’s borrowing limit. The Stoxx Europe 600 Index (SXXP) gained 0.2 percent to 288.89 at the close of trading, after earlier sliding as much as 0.4 percent. The equity benchmark has climbed 3.3 percent this year after U.S. lawmakers agreed on a compromise budget. U.S stocks rose, with the Standard & Poor’s 500 Index briefly topping 1,500, as an unexpected drop in jobless claims and better-than-forecast earnings offset the worst slump for Apple Inc. (AAPL) in four years. The S&P 500 (SPX) was unchanged at 1,494.82, after rallying as much as 0.5 percent earlier. The Dow Jones Industrial Average gained 46 points, or 0.3 percent, to 13,825.33. The Nasdaq 100 Index (NDX) slid 1.4 percent to 2,723.53. More than 6.8 billion shares traded hands on U.S. exchanges today, or 10 percent above the three-month average. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 25, 2013 Author Report Share Posted January 25, 2013 Daily Technical Analysis for EURUSD as at 25th 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%202512013/eur_zps928c8590.gif Comments After 3 quiet days, EURUSD experienced a strong up move that was eventually held at the upper level of the converging triangle formation. We are monitoring the price action for a possible upside break of this triangle pattern. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 25h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202512013/gbp_zpsc210a2d2.gif Comments GBPUSD broke down from during yesterday’s session. There was an opportunity to short the pull back off the 1 hour chart in the area of the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202512013/gold_zpsa17f9b28.gif Comments Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long side. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202512013/oil_zpse92340f2.gif Comments The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back to Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 25th 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%202512013/chf_zpsa07dda5b.gif Comments USDCHF is now trading beneath 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 25th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%202512013/jpy_zps2938dd38.gif Comments Once again USDJPY experienced a limited pull back and although it did manage to close beneath the 8 period moving averages, the longs came in push USDJPY past the previous isolated high. At some point this uptrend will end but the direction at the moment is one way with limited pullbacks. 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 Tren Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 28, 2013 Author Report Share Posted January 28, 2013 Daily Technical Analysis from ACFX Daily Technical Analysis for EURUSD as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.4245 Stop : < 1.2995 http://i1359.photobucket.com/albums/q783/acfxuser1/eur_zpsbc7c5565.gif Comments On Friday the possible upside triangle break scenario that was identified on that morning’s analysis took place. The next target is some distance away at 1.4245. We are monitoring the price action so as to identify the next possible 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 GBPUSD as at 28h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/gbp_zps60407f53.gif Comments GBPUSD continues to trade at its lows. We are monitoring the price action for a possible selling opportunity. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/gold_zps5251048b.gif Comments As posted previously “Gold has traded down to a level just above Fibonacci support. We are monitoring the price action for a possible rotation back to the long side”. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/oil_zps419938c4.gif Comments As previously posted “The 8 period moving as on previous occasions offered Oil support. We are monitoring the price action for a possible continued up move or a break of moving average support and for Oil to trade back to Fibonacci support”. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 28th 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/chf_zps500d7c96.gif Comments USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back to Target 1. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 28th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/jpy_zpscc371ccf.gif Comments USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in. 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 29, 2013 Author Report Share Posted January 29, 2013 Daily Technical Analysis from ACFX 29/1/2013 Daily Technical Analysis for EURUSD as at 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/eur_zps187bea08.gif Comments EURUSD yesterday traded at the highs of the previous days strong up move. This could be a pointer to a further potential upside break of the last isolated high at 1.3478. Alternatively, EURUSD may possibly trade back to the 8 period moving averages which have acted as good previous short term support and resistance. We have not identified any Fibonacci support zones yet as. 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 29h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/gbp_zpsc6e749a4.gif Comments GBPUSD continues to trade lower and is now very close to the upward sloping trend line which forms part of a multi month triangle pattern. As such it would not be a surprise if strong support was to come in at these levels. Alternatively, a break and close beneath trend line support could possibly point to much lower value for this currency pair. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/gold_zps27f2c949.gif Comments As mentioned in a previous post we are this morning monitoring the first possible signs of price rotation to the long side within Fibonacci support. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/oil_zps8038c5be.gif Comments Oil as mentioned previously has found good support at the 8 period moving averages and is this morning attempting to trade above the small triangle pattern. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 29th 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/chf_zps99208a2c.gif Comments As posted preciously, “USDCHF traded back to Fibonacci support where buying activity came in. We are monitoring the price action for a possible move back to Target 1”. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 29th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/jpy_zpsb28e2e24.gif Comments As posted previously, “USDJPY continues to trade higher. We are monitoring the price action for a potential pull back to the 8 period moving averages where support may come in”. 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 29, 2013 Author Report Share Posted January 29, 2013 Daily Market Outlook from ACFX Daily Market Outlook Posted by on January 29, 2013 Important Financial Indicators of the day Forecast Previous USD 15:00 (GMT) CB Consumer Confidence 64.8 65.1 Currencies ■EUR/USD The dollar weakened against most of its 16 major counterparts as investors pared bets the Federal Reserve will signal a change to its asset-buying program at the end of a two-day meeting tomorrow. The U.S. currency was 0.2 percent from its lowest in 11 months versus the euro before a report today forecast to show confidence among U.S. consumers declined this month. ■The dollar traded at $1.3440 per euro as of 3:03 p.m. in Tokyo from $1.3456 in New York. It reached $1.3479 per euro on Jan. 25, the weakest level since Feb. 29, 2012. ■AUD/USD The so-called Aussie dollar rose against 14 of its 16 major counterparts after data showed the nation’s business confidence for December rebounded by the most in more than a decade. ■Australia’s dollar rose 0.4 percent to $1.0454 from the close yesterday when it touched $1.0385, the least since Jan. 2 ■USD/CAD The Canadian dollar traded close to a six-month low versus its U.S. counterpart as signs of slower economic growth weighed on demand. ■The loonie, as the Canadian dollar is called for the image of the aquatic bird on the C$1 coin, was little changed at C$1.0063 per U.S. dollar at 5 p.m. in Toronto, after reaching its lowest point since July 26. One loonie buys 99.37 U.S. cents. Commodities ■Oil traded near the highest level in four months in New York on signs of economic growth in the U.S. and after OPEC Secretary General Abdalla El-Badri said prices are unlikely to drop this year. ■Crude for March delivery was at $96.72 a barrel, up 28 cents, in electronic trading on the New York Mercantile Exchange at 1:22 p.m. Singapore time. The average volume of all contracts traded was 50 percent below the 100-day average. Futures rose to $96.44 yesterday, the highest since Sept. 17. ■Brent for March settlement rose 10 cents to $113.58 a barrel on the London-based ICE Futures Europe exchange. The average volume of all contracts traded was 40 percent below the 100-day average. The European benchmark grade was at a premium of $16.86 to West Texas Intermediate futures, from $17.04 yesterday. ■Gold holdings in exchange-traded products are poised for the biggest monthly decline in more than a year as signs that the global economic recovery is strengthening curb demand for haven investments. ■Gold for April delivery gained as much as 0.4 percent to $1,661.50 an ounce, and traded at $1,660.40 at 1:11 p.m. in Singapore. Futures fell 0.9 percent this year, lagging behind gains in silver, platinum and palladium, metals used mainly in industry that benefit from faster economic growth. Equities ■Asian stocks rose, with the regional benchmark index headed for its biggest gain in a week, as Japan’s largest lenders jumped on speculation a recent share rally will boost profit. Australia’s market climbed after a holiday and Korean shares rebounded from yesterday’s loss. ■The MSCI Asia Pacific Index rose 0.9 percent to 132.5 as of 3:33 p.m. in Tokyo, headed for its biggest advance since Jan. 18, with more than twice as many shares rising as declining. The gauge jumped 9.6 percent from Nov. 14 through yesterday, led by Japanese shares on optimism Prime Minister Shinzo Abe’s new government will take the necessary steps to fight deflation. ■U.K. stocks rose, extending their highest level since May 2008, as a report showed that durable- goods orders in the U.S., Britain’s biggest trading partner, rose at a faster rate than economists had estimated. ■The FTSE 100 added 9.96 points, or 0.2 percent, to 6,294.41 at the close in London. The equity benchmark has gained 6.7 percent so far in 2013, its best start to a year since 1989, as U.S. lawmakers agreed on a compromise budget. The broader FTSE All-Share Index rose 0.1 percent today, while Ireland’s ISEQ Index was little changed. ■U.S stocks fell, following the longest rally for the Standard & Poor’s 500 Index since 2004, as a drop in pending home sales overshadowed a rise in durable- goods orders while investors watched earnings. ■The S&P 500 fell 0.2 percent to 1,500.18 at 4 p.m. in New York. The equity benchmark closed above 1,500 last week for the first time since December 2007 after an eight-day rally. ■The Dow Jones Industrial Average lost 14.05 points, or 0.1 percent, to 13,881.93 today. The Nasdaq 100 Index added 0.2 percent to 2,742.43. About 6.1 billion shares traded hands on U.S. exchanges today, or 1.1 percent below the three-month average. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 30, 2013 Author Report Share Posted January 30, 2013 Daily Market Outlook Posted by on January 30, 2013 Important Financial Indicators of the day Forecast Previous EUR Tentative Italian 10 Yr Bond Auction 4.48/1.5 USD 15:15 (GMT) ADP Non Farm Employment Change 164K 215K USD 15:30 (GMT) Advance GDP q/q 1.1% 3.1% USD 21:15 (GMT) FOMC Statement NZD 22:00 (GMT) Official Cash rate 2.50% 2.50% NZD 22:00 (GMT) RBNZ Rate Statement Currencies ■USD/JPY The yen declined versus most of its major counterparts as Asian stocks rose for a second day, spurring investors to buy higher-yielding assets amid expectations Japan will expand monetary stimulus. The yen slid 0.2 percent to 90.92 per dollar as of 2:39 p.m. in Tokyo. It lost 0.2 percent to 122.62 per euro. The dollar traded at $1.3487, little changed from yesterday, when it touched $1.3497, the lowest level since Dec. 2, 2011. ■GBP/USD The pound strengthened from a five- month low against the dollar after Bank of England policy maker David Miles said U.K. economic growth is likely to improve to between 2 percent and 2.5 percent a year within 18 months. The pound appreciated 0.3 percent to $1.5741 at 4:30 p.m. London time after dropping to $1.5675 yesterday, the lowest level since Aug. 17. The U.K. currency gained 0.2 percent to 85.56 pence per euro after declining to 85.87 pence yesterday, the weakest since December 2011. ■USD/CAD The Canadian dollar posted its biggest gains against its U.S. counterpart in almost a month after four straight days of losses as the currency failed to fall below a key technical level. The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, rose 0.5 percent to C$1.0009 per U.S. dollar at 5 p.m. in Toronto, it’s largest gain since Jan. 2. It matched an almost six-month low yesterday and last traded weaker than C$1.01 on July 27. One loonie buys 99.91 U.S. cents Commodities ■Oil traded near the highest level in four months before a Federal Reserve policy statement that may signal the central bank will keep adding economic stimulus in the U.S., the world’s biggest crude user. WTI crude for March delivery was at $97.52 a barrel, down 5 cents, in electronic trading on the New York Mercantile Exchange at 1:25 p.m. Singapore time. The volume of all futures traded was 51 percent below the 100-day average. Futures rose to $97.57 yesterday, the highest since Sept. 14, and are up 6.2 percent in January. Brent for March settlement rose 6 cents to $114.42 a barrel on the London-based ICE Futures Europe exchange. The volume of all futures traded was 25 percent below the 100-day average. The European benchmark grade was at a premium of $16.77 to West Texas Intermediate futures, from $16.79 yesterday. ■Gold headed for a fourth decline after data from the U.S. to China added to signs of a recovery, paring demand for haven assets. Palladium advanced to a 16-month high. Gold gained 0.1 percent to $1,666.05 an ounce, trimming January’s drop to 0.6 percent, the worst run since May. Equities ■Asian stocks rose, with the benchmark index poised for is highest close since August 2011, as Japanese shares surged on earnings and amid speculation the Federal Reserve will renew its commitment to asset purchases. The MSCI Asia Pacific Index gained 0.7 percent to 133.44 as of 2:19 p.m. in Tokyo, with more than twice as many stocks climbing as falling. The gauge is poised to advance for a third month as Japanese shares rally on optimism Prime Minister Shinzo Abe’s new government will add stimulus to fight deflation. ■European stocks rose to the highest level in more than 23 months as companies reported earnings and a report showed house prices in 20 U.S. cities increased. The Stoxx Europe 600 Index added 0.3 percent to 290.3 at the close in London, the highest level since Feb. 18, 2011. The index has climbed 3.8 percent so far this year amid optimism about company earnings and as U.S. lawmakers agreed on a compromise budget to avoid automatic fiscal-reduction measures. ■U.S stocks advanced, sending the Dow Jones Industrial Average to a five-year high, as companies including Pfizer Inc. and Valero Energy Corp. reported earnings that beat estimates. The Standard & Poor’s 500 Index rose 0.5 percent to 1,507.84 at 4 p.m. in New York. The Dow added 72.49 points, or 0.5 percent, to 13,954.42, the highest level since October 2007. About 6.9 billion shares traded hands on U.S. exchanges today, or 12 percent above the three-month average. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 30, 2013 Author Report Share Posted January 30, 2013 Daily Technical Analysis for EURUSD as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/eur_zps78f74145.gif Comments EURUSD yesterday broke higher after initially trading towards the 8 period moving averages. This was one of the scenarios mentioned in Tuesday’s update. We have not identified any Fibonacci support zones yet as. 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 30h January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/gbp_zps303fff6e.gif Comments GBPUSD yesterday did find some support above upward sloping trend line which forms part of a multi month triangle pattern. We are monitoring the price action to see if GBPUSD can trade up to at least the 8 period moving averages. Alternatively GBPUSD could continue its move down to the upward sloping 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 Daily Technical Analysis for Gold as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/gold_zps9e6879ef.gif Comments The possible positive rotation in the Fibonacci area as previously mentioned would appear to be taking place with yesterday’s positive close which has carried on into today’s session. We are monitoring a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/oil_zpsc5c261c5.gif Comments The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 30th 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/chf_zpsdf624978.gif Comments After initially trading down into the Fibonacci area USDCHF found support at the 61.8% retracement level. We are monitoring the price action for signs of further positive rotation. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 30th January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/jpy_zpsa6d992b4.gif Comments We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in. 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 Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted January 30, 2013 Report Share Posted January 30, 2013 (edited) Can you continue your postings here per forum rules. http://indo-investasi.com/showthread.php/20893-Daily-Technical-Analysis-from-ACFX Edited January 30, 2013 by FloridaTrader Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 31, 2013 Author Report Share Posted January 31, 2013 Daily Technical Analysis from ACFX Daily Technical Analysis for EURUSD as at 31st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/eur_zpsb8baff0a.gif Comments EURUSD continues to trade higher. We are monitoring pull backs to the 8 period moving averages as a potential area of support. As yet we have not identified any Fibonacci support 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 GBPUSD as at 31st January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1.5780 – 1.5845 Target 1 : 1.5675 Target 2 : 1.5485 Stop : >1.5895 http://i1359.photobucket.com/albums/q783/acfxuser1/gbp_zps44a3ba8e.gif Comments GBPUSD has traded up to the 8 period moving averages where Fibonacci resistance can also be found together with a previously broken downward sloping trend line. We are monitoring the possibility of negative rotation and an attempt to breach the multi month upward sloping trend line. Alternatively a move back up to the downward sloping trend line which makes up the top of the triangle pattern cannot be discounted. 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 31st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1661.10 – 1640.80 Target 1 : 1696.40 Target 2 : 1723.30 Stop : <1625.80 http://i1359.photobucket.com/albums/q783/acfxuser1/gold_zps7097bb85.gif Comments We continue to monitor a possible move up to Target 1. The alternative possible scenario is that this price action is nothing but a false break out which has the potential to break down into the direction of the last isolated LL. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 31st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.00 – 87.70 Target 1 : 96.85 Target 2 : 100.40 Stop : <85.20 http://i1359.photobucket.com/albums/q783/acfxuser1/oil_zpsa78fcfe5.gif Comments As per yesterdays post “The bounce off the 8 period moving has continued with the price action breaking both the triangle formation and the level of the last isolated high. We continue to monitor the price action especially as and when Oil moves back into the direction of the 8 period moving averages”. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 31st 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/chf_zps60aa47d7.gif Comments Fibonacci support did not hold and there were no signs of positive rotation at these levels. The price is much extended from the 8 period moving averages. Therefore USDCHF may retrace or trade sideways to allow the gap between the price and average to reduce. We are monitoring any breach of the last isolated LL which would confirm a possible change of trend to the down side. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 31st January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/jpy_zps65c059f0.gif Comments USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in. 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted January 31, 2013 Author Report Share Posted January 31, 2013 Daily Market Outlook from ACFX Daily Market Outlook Posted by on January 31, 2013 Important Financial Indicators of the day Forecast Previous CAD 15:30 (GMT) GDP m/m 0.2% 0.1% USD 15:30 (GMT) Unemployment Claims 362K 330K Currencies ■EUR/USD The euro may strengthen further against the dollar as the region’s economy exceeds forecasts, said Alan Ruskin, global head of Group of 10 foreign-exchange strategy at Deutsche Bank AG in New York. The 17-nation euro gained 0.5 percent to $1.3553 per euro at 9:45 a.m. New York time and topped $1.35 for first time since December 2011. The 17-nation shared currency has strengthened 2.8 percent against the dollar this month. ■AUD/USD slid against most of its 16 major counterparts as Asian stocks declined, sapping demand for higher-yielding assets. Australia’s dollar dropped 0.3 percent to $1.0390 as of 3:58 p.m. in Sydney and is little changed this month. New Zealand’s currency, known as the kiwi, fell 0.1 percent to 83.50 U.S. cents, paring a monthly gain to 0.8 percent. ■USD/CAD traded close to a six-month low versus its U.S. counterpart as data showed the economy of the nation’s largest trading partner unexpectedly shrank in the fourth quarter. The loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, was little changed at C$1.0014 per U.S. dollar at 5 p.m. in Toronto after earlier falling 0.4 percent to C$1.0053. One loonie buys 99.86 U.S. cents. The currency touched C$1.01 on Jan. 28, the weakest level since July 27. Commodities ■Oil traded near the highest price in more than four months in New York as the Federal Reserve maintained an asset-purchase program to boost the economy of the world’s biggest crude-consuming nation. Crude for March delivery was $97.92 a barrel, down 2 cent, in electronic trading on the New York Mercantile Exchange at 1:52 p.m. Singapore time. The average volume of all contracts traded was 59 percent below the 100-day average. Futures rose 37 cents to $97.94 yesterday, the highest close since Sept. 14. Prices are up 6.7 percent in January and poised for a third monthly gain, the longest run since April 2011. Brent for March settlement climbed 21 cents to $115.11 a barrel on the London-based ICE Futures Europe exchange. The average volume of all contracts traded was 33 percent below the 100-day average. The European benchmark grade was at a premium of $17.16 to West Texas Intermediate futures, from $16.96 yesterday. ■Gold climbed for a third day toward a one-week high after data showed that the U.S. economy unexpectedly shrank and the Federal Reserve maintained asset purchases. Platinum headed for the best month in a year. Spot gold gained as much as 0.2 percent to $1,680.80 an ounce, and traded at $1,679.55 at 1:13 p.m. in Singapore. Bullion climbed as much as 1.2 percent yesterday to $1,683.28, the highest price since Jan 24. The metal is poised to snap three months of losses. Platinum, the best-performing precious metal this year, has jumped 9.4 percent this month in the biggest advance since January 2012. Equities ■Asian stocks swung between gains and losses on the busiest day of Japan’s earnings season, after the country’s industrial production missed estimates and U.S. growth unexpectedly stalled. Kawasaki Heavy Industries Ltd. (7012) jumped after raising its profit forecast. The MSCI Asia Pacific Index rose less than 0.1 percent to 133.33 as of 3:01 p.m. in Tokyo, after falling as much as 0.4 percent. About an equal number of stocks declined as gained. Japan’s Nikkei 225 Stock Average (NKY) climbed 0.2 percent, reversing earlier losses in the last 17 minutes of trading. ■European stocks dropped the most this year as Saipem (SPM) SpA plunged and a report showed that the U.S. economy unexpectedly contracted in the fourth quarter. The Stoxx Europe 600 Index lost 0.6 percent to 288.63 in London, falling from its highest level since Feb. 18, 2011. The gauge has still jumped 3.2 percent in January, heading for its longest streak of monthly gains since 1997. ■U.S stocks fell, dragging benchmark indexes from five-year highs, as the Federal Reserve said it will maintain its program to buy securities after the economy unexpectedly shrank in the fourth quarter. The S&P 500 fell 0.4 percent to 1,501.96 at 4 p.m. in New York. The Dow Jones Industrial Average lost 44 points, or 0.3 percent, to 13,910.42. Both measures yesterday reached their highest levels since 2007. The Russell 2000 Index slid 1.2 percent, falling from yesterday’s record high. About 6.8 billion shares traded hands on U.S. exchanges today, or 9.5 percent above the three-month average Quote Link to comment Share on other sites More sharing options...
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