Atlas CapitalFx Posted February 5, 2013 Report Share Posted February 5, 2013 Daily Technical Analysis for EURUSD as at 5TH February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3485 -1.3360 Target 1 : 1.3710 Target 2 : 1.4250 Stop : <1.3263 http://i1359.photobucket.com/albums/q783/acfxuser1/eur_zps3e0e063e.gif Comments After such a strong up move a correction was inevitable. EURUSD has now traded back into Fibonacci support. We are monitoring the price action at these levels for a possible 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 GBPUSD as at 5th February 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_zpsd95897e8.gif Comments GBPUSD upward advance was held and repelled aggressively from the Fibonacci resistance area. We are monitoring the possibility of either bounce off the upward sloping multi month trend line or a break through this line of support which would lead to the possibility of much lower values for GBPUSD. 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 5th February 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_zps77d56cc2.gif Comments Gold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a 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 Oil (WTI) as at 5th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/oil_zps3971a697.gif Comments Oil for the first time in two months has traded significantly under the 8 period moving averages. The 34 period moving averages and the downward sloping trend line may offer some possible support. Alternatively Oil may make an attempt to trade up to and possibly breach the last isolated HH. 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 5th February 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/chf_zps065dee7b.gif Comments USDCHF has breach of the last isolated LL which would confirm a possible change of trend to the down side. The indecision of the past two weeks can be seen by the pattern that has been created with HH’s and LL’s which has formed an expanding triangle formation. The downward move has stalled somewhat as the averages do need to catch up with the price action. We a monitoring for possible sideways action or a move back to 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 USDJPY as at 5th February 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/jpy_zps1d7b6595.gif Comments As posted yesterday “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 August 8, 2013 Author Report Share Posted August 8, 2013 EURUSD Pivots R3 1.34452 R2 1.33951 R1 1.33653 Pivot Point 1.33152 S1 1.32854 S2 1.32253 S3 1.32055 Comments Trend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20Avgust%208/eurusddaily_zpsd76e37fb.png GBPUSD Pivots R3 1.59358 R2 1.57333 R1 1.56099 Pivot Point 1.54074 S1 1.52840 S2 1.50815 S3 1.49581 Comments Trend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20Avgust%208/gbpusddaily_zpsb55d15dd.png USDCHF Pivots R3 0.93493 R2 0.93187 R1 0.92679 Pivot Point 0.92373 S1 0.91865 S2 0.91559 S3 0.91051 Comments Trend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20Avgust%208/usdchfdaily_zps29c0a7ab.png USDJPY Pivots R3 98.795 R2 98.298 R1 97.314 Pivot Point 96.817 S1 95.833 S2 95.336 S3 94.352 Comments Trend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20Avgust%208/usdjpydaily_zps066ea000.png Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 9, 2013 Author Report Share Posted August 9, 2013 Quick Technical Analysis from ACFX 08/09/2013 EURUSD Pivots R3 1.34830 R2 1.34414 R1 1.34104 Pivot Point 1.33658 S1 1.33378 S2 1.32962 S3 1.32652 Comments Trend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/9%20August%20DTA/eurusddaily_zpsf8b8502a.png GBPUSD Pivots R3 1.56692 R2 1.56214 R1 1.55793 Pivot Point 1.55315 S1 1.54894 S2 1.54416 S3 1.53995 Comments Trend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/9%20August%20DTA/gbpusddaily_zps8470ae96.png USDJPY Pivots R3 98.280 R2 97.603 R1 97.155 Pivot Point 96.478 S1 96.030 S2 95.253 S3 94.908 Comments Trend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/9%20August%20DTA/usdjpydaily_zpsd5503017.png USDCHF Pivots R3 0.92837 R2 0.92263 R1 0.92287 Pivot Point 0.92013 S1 0.91737 S2 0.91463 S3 0.91187 Comments Trend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/9%20August%20DTA/usdchfdaily_zpsc62b09d5.png Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 12, 2013 Author Report Share Posted August 12, 2013 (edited) Quick Technical Analysis from ACFX 08/12/2013 EURUSD Pivots R3 1.34329 R2 1.34114 R1 1.33751 Pivot Point 1.33536 S1 1.33173 S2 1.32958 S3 1.32595 Comments Trend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/12%20August%20DTA/eurusddaily_zps7f7dcca2.png GBPUSD Pivots R3 1.56042 R2 1.55810 R1 1.55423 Pivot Point 1.55191 S1 1.54804 S2 1.54572 S3 1.54185 CommentsTrend: Upwards RSI: Above 50 and over brought Bollinger Band: Positive http://i1359.photobucket.com/albums/q783/acfxuser1/12%20August%20DTA/gbpusddaily_zps7209a573.png USDJPY Pivots R3 97.598 R2 97.281 R1 96.753 Pivot Point 96.436 S1 95.908 S2 95.591 S3 95.063 CommentsTrend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/12%20August%20DTA/usdjpydaily_zpsd45e3657.png USDCHF Pivots R3 0.92755 R2 0.92523 R1 0.92368 Pivot Point 0.92136 S1 0.91981 S2 0.91749 S3 0.91594 Comments Trend: Down RSI: Below 50 and oversold Bollinger Band: Negative http://i1359.photobucket.com/albums/q783/acfxuser1/12%20August%20DTA/usdchfdaily_zps09084741.png Edited August 12, 2013 by Atlas CapitalFx Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 13, 2013 Author Report Share Posted August 13, 2013 Daily Technical Analysis from ACFX 08/13/2013 Daily Technical Analysis for EURUSD as at 13th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/eurusddaily_zpscd86bb1d.png Comments EURUSD is this morning trading higher from the open after yesterdays down day. Following the break of trend line resistance EURUSD traded lower off its highs and this move has continued back to the downward sloping trend line and the 8 period moving averages where support and buyers could potentially enter the market. However as the swing bias is still bearish we are monitoring the possibility of a move to the 34 period moving averages. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading around the area of trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. Alternative counter trend bullish factors: 1. The price action has retraced into the 8 period moving averages which could offer a buying opportunity. 2. The price action has broken and retraced to trend line resistance. 3. The averages have crossed positively. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area. Daily Technical Analysis for GBPUSD as at 13th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/gbpusddaily_zps740d4238.png Comments GBPUSD is this morning trading lower from the open after yesterdays down day. Following the breach of the prior swing high, the trend has turned positive. However further upward momentum is finding resistance on its approach to Fibonacci resistance. We are monitoring a potential move to the 8 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively the price action extended from the averages could offer short term shorting opportunities. Daily Technical Analysis for USDCHF as at 12th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/usdchfdaily_zps3b1974c6.png Comments USDCHF is this morning trading higher from the open after yesterdays up day USDCHF has found support at the 0.9200 area and trend line support. This moving the positivity has continued with a move that has breached the 8 period moving averages. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. USDCHF has bounced off the 0.9200 level. 2. USDCHF has bounced of trend line support. Scenario 1 As the dominant daily trend is down the 8 period moving averages may possibly offer shorting opportunities. Scenario 2 Alternatively the current bounce off support could potentially move to the area of the 34 period moving averages. Daily Technical Analysis for USDJPY as at 13th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/usdjpydaily_zps9618afb6.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. USDJPY has experienced a strong bounce after a somewhat extended move down. The price action has this morning corrected to the 8 period moving averages. We are monitoring the potential for a negative rotation and return to the down trend at this average. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The weekly time remains with a positive bias. 2. The price action is extended from the averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is extended from the averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 13th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/_golddaily_zps7d5f7988.png Comments Gold is this morning trading higher from the open after yesterdays up day. Gold is trading above the positively layered averages as this metal attempts to print a higher low swing. However the price action continues to trade within the Fibonacci resistance area and would require a swing high breach to confirm a reversal to an upside bias. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading above the averages which could be viewed as an overbought opportunity. 3. The weekly time frame continues to point down. 4. The price action is trading within the Fibonacci resistance zone. 5. The RSI is diverging negatively. Alternative counter trend bullish factors: 1. The price action is attempting to print a higher low. 2. The moving averages are layered positively. 3. The price action is trading above the averages. 4. The price action is trading above the 1322 support level. Scenario 1 As the dominant daily trend is down as Fibonacci resistance may offer a shorting opportunity. Scenario 2 Alternatively retracements to the averages may potentially offer buying opportunities. Daily Technical Analysis for Oil (WTI) as at 13th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/13%20August%20DTA/_wtidaily_zpsa9f0281e.png Comments Oil is this morning trading higher from the open after yesterdays up day. Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The price action is trading above the averages. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 14, 2013 Author Report Share Posted August 14, 2013 Daily Technical Analysis from ACFX 08/14/2013 Daily Technical Analysis for EURUSD as at 14th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/eurusddaily_zps241095b0.png Comments EURUSD is this morning trading unchanged from the open after yesterdays down day. Yesterday EURUSD traded and closed under the downward sloping trend line and the 8 period moving averages. We are monitoring the price action to see if the 8 period moving average will now act as resistance that will eventually lead EURUSD lower and into the direction of the 34 period moving averages. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action has retraced and broken beneath the 8 period moving averages. 3. The price action is trading around the area of trend line resistance. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. Alternative counter trend bullish factors: 1. The averages have crossed positively. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area. Daily Technical Analysis for GBPUSD as at 14th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/gbpusddaily_zpsc35bcc94.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays down day. Following the breach of the prior swing high, the trend has turned positive. However further upward momentum is finding resistance on its approach to Fibonacci resistance. We are monitoring a potential move to the 8 period moving averages which could possibly offer support to a further up swing. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively the price action extended from the averages could offer short term shorting opportunities. Daily Technical Analysis for USDCHF as at 14th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/usdchfdaily_zps9a8c0e94.png Comments USDCHF is this morning trading higher from the open after yesterdays up day The bounce off the 0.9200 area and trend line support has continued as USDCHF approaches the 34 period moving averages. We are monitoring the price action at these levels for any sign of negative rotation and resumption to the down trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. USDCHF has bounced off the 0.9200 level. 2. USDCHF has bounced of trend line support. Scenario 1 As the dominant daily trend is down the 8 period moving averages may possibly offer shorting opportunities. Scenario 2 Alternatively the current bounce off support could potentially move to the area of the 34 period moving averages. Daily Technical Analysis for USDJPY as at 14th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/usdjpydaily_zps5795a60e.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. USDJPY has experienced a strong bounce after a somewhat extended move down. Yesterday USDJPY closed above the 8 period moving averages and this positivity has continued into the European open. We are monitoring the potential for a negative rotation and return to the down trend in and around the area of the 34 period moving averages. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The weekly time remains with a positive bias. 2. The price action is trading above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 14th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/_golddaily_zps8111d636.png Comments Gold is this morning trading unchanged from the open after yesterdays down day. Gold is trading above the positively layered averages as this metal attempts to print a higher low swing. However the price action continues to trade within the Fibonacci resistance area and would require a swing high breach to confirm a reversal to an upside bias. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading above the averages which could be viewed as an overbought opportunity. 3. The weekly time frame continues to point down. 4. The price action is trading within the Fibonacci resistance zone. 5. The RSI is diverging negatively. Alternative counter trend bullish factors: 1. The price action is attempting to print a higher low. 2. The moving averages are layered positively. 3. The price action is trading above the averages. 4. The price action is trading above the 1322 support level. Scenario 1 As the dominant daily trend is down as Fibonacci resistance may offer a shorting opportunity. Scenario 2 Alternatively retracements to the averages may potentially offer buying opportunities. Daily Technical Analysis for Oil (WTI) as at 14th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/14%20AUGUST%20DTA/_wtidaily_zps276256a8.png Comments Oil is this morning trading unchanged from the open after yesterdays up day. Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The price action is trading above the averages. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 16, 2013 Author Report Share Posted August 16, 2013 Daily Technical Analysis from ACFX 08/16/2013 Daily Technical Analysis for EURUSD as at 16th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/eurusddaily_zpsf6514b3d.png Comments EURUSD is this morning trading lower from the open after yesterdays up day. Yesterday EURUSD experienced a positive day printing a bullish piercing line candle and in the process traded and closed above the downward sloping trend line and the 8 period moving averages. It would appear that EURUSD is attempting to print a higher swing low. We are monitoring the price action to see if the 8 period moving average will now act as support that will eventually lead EURUSD higher and into the direction of the last isolated high of the 8th August. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading around the area of trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. Alternative counter trend bullish factors: 1. The averages have crossed positively. 2. The price action has broken above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area. Daily Technical Analysis for GBPUSD as at 16th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/gbpusddaily_zpse417e173.png Comments GBPUSD is this morning trading lower from the open after yesterdays up day. Yesterday GBPUSD experienced a strong up day and in the process printed a higher high and establishing a potential a potential higher low swing pivot. This price activity of course reinforces the prior change of trend to positive. Following the 8 period moving averages acting as a buying area we continue to monitor further pullbacks to this area as possible support point. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively the price action extended from the averages could offer short term shorting opportunities. Daily Technical Analysis for USDCHF as at 16th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/usdchfdaily_zpsb7ca3257.png Comments USDCHF is this morning trading higher from the open after yesterdays down day Yesterday USDCHF found resistance at the 34 period moving averages. This area was highlighted in previous posts as an area of potential resistance. We are monitoring the price action at these levels to see if the negativity continues. However there is a potential support hurdles to be overcome at the 0.9200 and the upward sloping trend line. A breach of the 8th August low will need to happen so as to reinforce the negative bias. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. USDCHF has bounced off the 0.9200 level. 2. USDCHF has bounced of trend line support. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively support may potentially be found at the 8 period moving averages. This support could precede an extended move to the 34 period moving averages. Daily Technical Analysis for USDJPY as at 16th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/usdjpydaily_zpsfa1a71eb.png Comments USDJPY is this morning trading higher from the open after down up day. USDJPY yesterday traded up to the 34 period moving averages and as posted previously that it found strong resistance in this area was not a surprise. We are monitoring the potential for further negative rotation and return to the down trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The weekly time remains with a positive bias. 2. The price action is trading above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 16th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/_golddaily_zps23b3ca13.png Comments Gold is this morning trading unchanged from the open after yesterdays up day. Yesterday Gold breached the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. 3. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively the price action is extended from the averages which could offer shorting opportunities. Daily Technical Analysis for Oil (WTI) as at 16th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/16%20August%20DTA/_wtidaily_zpsa0353ff7.png Comments Oil is this morning trading higher from the open after yesterdays up day. Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The price action is trading above the averages. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 19, 2013 Author Report Share Posted August 19, 2013 Daily Technical Analysis from ACFX 08/19/2013 Daily Technical Analysis for EURUSD as at 19th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/eurusddaily_zpsd301805a.png Comments EURUSD is this morning trading lower from the open after Fridays down day. EURUSD has thus far been unable to breach the 8th August high. A breach of this swing point would effectively change the trend to long. However the price action continues to trade above both the 8 period moving averages and the downward sloping trend line which could offer a base of support for a further upswing. We are monitoring the price action to see if the 8 period moving average will now act as support that will eventually lead EURUSD higher and into the direction of the last isolated high of the 8th August. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading around the area of trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. Alternative counter trend bullish factors: 1. The averages have crossed positively. 2. The price action has broken above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages approaches back to this average could offer support and a buying area. Daily Technical Analysis for GBPUSD as at 19th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/gbpusddaily_zpse01c540e.png Comments GBPUSD is this morning trading unchanged from the open after Fridays down day. After Thursdays strong up day the subsequent trading sessions have been quiet with very narrow ranges. We are monitoring pullbacks to the 8 period moving averages acting as a potential buying area. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively the price action extended from the averages could offer short term shorting opportunities. Daily Technical Analysis for USDCHF as at 19th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/usdchfdaily_zps7b8c4860.png Comments USDCHF is this morning trading higher from the open after Fridays up day After trading down off the 34 period moving averages USDCHF has bounced off the 8 period moving averages. A failure to trade beneath the 8 period averages could potentially indicate that a move back to the 34 period moving average is possible. We are monitoring the price action at these levels to see if the negativity continues. However there is a potential support hurdles to be overcome at the 0.9200 and the upward sloping trend line. A breach of the 8th August low will need to happen so as to reinforce the negative bias. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. USDCHF has bounced off the 0.9200 level. 2. USDCHF has bounced of trend line support. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively support may potentially be found at the 8 period moving averages. This support could precede an extended move to the 34 period moving averages. Daily Technical Analysis for USDJPY as at 19th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/usdjpydaily_zpsa236ce9e.png Comments USDJPY is this morning trading higher from the open after Fridays up day. After trading down USDJPY has found support at the 8 period moving averages. A failure to break this average could propel USDJPY back up to the Fibonacci resistance area. We are monitoring the potential for further negative rotation and return to the down trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The weekly time remains with a positive bias. 2. The price action is trading above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 19th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/_golddaily_zps682a9856.png Comments Gold is this morning trading lower from the open after Fridays up day. Gold continues to trade above the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence. However the price action is now becoming extended from the averages. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. 3. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively the price action is extended from the averages which could offer shorting opportunities. Daily Technical Analysis for Oil (WTI) as at 19th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/19%20August%20DTA/_wtidaily_zpsc6bc9ff1.png Comments Oil is this morning trading lower from the open after Fridays up day. Following Oils 8th August down spike that breached the prior swing low the price action has since bounced off the 34 and is now trading above the 8 period moving averages. Although the down spike has effectively turned the swing bias to negative the subsequent bullish reversal could indicate that break down was nothing more than a fake out. A breach of the prior swing high or swing low will confirm the bullish or bearish bias. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The price action is trading above the averages. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 21, 2013 Author Report Share Posted August 21, 2013 Daily Technical Analysis from ACFX 08/21/2013 Daily Technical Analysis for EURUSD as at 21st August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/eurusddaily_zps728b4661.png Comments EURUSD is this morning trading unchanged from the open after yesterdays up day. Following the bounce off the downward sloping trend line EURUSD found further support at the 8 period moving averages. This possibility was discussed in previous posts. The move off the averages yesterday was aggressive and had enough upward momentum to breach the prior swing high. This breach effectively changes the trend from short to long. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. 5. The averages have crossed positively. 6. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. Scenario 1 As the dominant daily trend is up retracements into resistance could be viewed as buying opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages. Daily Technical Analysis for GBPUSD as at 21st August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/gbpusddaily_zps38f0ed70.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays up day. Further to the subdued price action GBPUSD is trading within a very narrow 2 day range. We are monitoring pullbacks to the 8 period moving averages acting as a potential buying area. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively the price action extended from the averages could offer short term shorting opportunities. Daily Technical Analysis for USDCHF as at 21st August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/usdchfdaily_zps0ac33a61.png Comments USDCHF is this morning trading higher from the open after yesterdays down day Further to the breach of the 8 period moving averages and the downward momentum has continued with further breaches of the 0.9200 support area and upward sloping trend line. This move has in the process also breached the prior swing low and has therefore reinforced the negative bias. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as the price action is trading below the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages. Daily Technical Analysis for USDJPY as at 21st August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/usdjpydaily_zps6696c4eb.png Comments USDJPY is this morning trading higher from the open after yesterdays down day. This morning USDJPY is trading within 6 day range as it consolidates around the 8 period moving averages. A failure to break significantly below this average could propel USDJPY back up to the Fibonacci resistance area. We are monitoring the potential for further negative rotation and return to the down trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The weekly time remains with a positive bias. 2. The price action is trading above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 21st August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/_golddaily_zps68b16f57.png Comments Gold is this morning trading lower from the open after yesterdays up day. Gold continues to trade above the previous swing high and effectively changes the trend to positive by printing a bullish higher low and higher high sequence. However the price action is now becoming extended from the averages. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. 3. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively the price action is extended from the averages which could offer shorting opportunities. Daily Technical Analysis for Oil (WTI) as at 21st August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/21%20August%20DTA%201/_wtidaily_zpsa0256246.png Comments Oil is this morning trading lower from the open after yesterdays down day. Following the down spike and lower low of the 8th August WTI has failed to print a higher high. In fact the current price action with Oil breaching and trading beneath the 34 period moving averages might indicate a lower high could be printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish consolidation flag. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The price action is trading above the averages. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 22, 2013 Author Report Share Posted August 22, 2013 Daily Technical Analysis from ACFX 08/22/2013 Daily Technical Analysis for EURUSD as at 22nd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/eurusddaily_zpsdc080376.png Comments EURUSD is this morning trading lower from the open after yesterdays down day. The breach of the prior swing high continues to give EURUSD a positive bias however yesterdays price action failed to make further highs. Later into the session the price action traded down into the direction of the 8 period moving averages and this negativity has continued this morning which has seen the completion of the move to this average. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. 5. The averages have crossed positively. 6. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages. Daily Technical Analysis for GBPUSD as at 22nd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/gbpusddaily_zpsb4658eb8.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays down day. There has been a fairly active open to this morning’s session with GBPUSD trading down to the 8 period moving averages. We are monitoring pullbacks to the 8 period moving averages acting as a potential buying area. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively a sustain break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 22nd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/usdchfdaily_zps9222fd51.png Comments USDCHF is this morning trading higher from the open after yesterdays up day Following the breach of both trend line support and the 0.9200 area we have witnessed yesterday a strong bounce off these levels. We are monitoring the price action for any signs of increased upward momentum which could see USDCHF trade up to and breach the 8 period moving averages. The 8 period moving averages is also our initial area of interest where shorting opportunities may arise. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as the price action is trading below the 8 period moving averages there is potential for scalping and counter trend opportunities taken off intraday charts with the target being the 8 period moving averages. Daily Technical Analysis for USDJPY as at 22nd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/usdjpydaily_zps0466446d.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. Although USDJPY continues to trade within a tight range we are this morning seeing a sustain push higher off the 8 period moving averages. We are monitoring a move up to the Fibonacci resistance area and 34 period moving averages where we will reassess the situation and look for potential reversal patterns and resumption of the down trend. However a sustain move higher could see a higher low printed on the weekly chart an more focus being given to the long side. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The price action is trading above the 8 period moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 22nd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/_golddaily_zpsa5bce6a7.png Comments Gold is this morning trading lower from the open after yesterdays down day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. Subsequently Gold has corrected down to the 8 period moving averages which is not our initial area of interest where possible positive rotation and resumption of the uptrend could happen. However a sustain breach of this average could potential see Gold trade down to the 34 period moving averages. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a sustain breach of the 8 period moving averages could see Gold trade down to the 34 period moving averages. Daily Technical Analysis for Oil (WTI) as at 22nd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/22%20August%202013/_wtidaily_zpsf1a5018b.png Comments Oil is this morning trading lower from the open after yesterdays down day. Following the down spike and lower low of the 8th August WTI has failed to print a higher high. Furthermore the breach of the 34 period moving averages has been followed by a lower high being printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish flag consolidation. A failure of the flag could potentially see Oil move to the Fibonacci support area. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. Oil is trading beneath the averages. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The averages are layered positively. 3. The price action is forming a possible corrective zigzag consolidation pattern. 4. The price action is trading above the large monthly converging triangle. 5. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 23, 2013 Author Report Share Posted August 23, 2013 Daily Technical Analysis from ACFX 08/23/2013 Daily Technical Analysis for EURUSD as at 23rd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/eurusddaily_zps58fb0aec.png Comments EURUSD is this morning trading lower from the open after yesterdays up day. The breach of the prior swing high continues to give EURUSD a positive bias and this was confirmed yesterday by the bullish hammer that was printed whilst it traded around 8 periods moving averages support area. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The RSI is confirming the move. 4. The weekly time frame is in gear with the daily time frame. 5. The averages have crossed positively. 6. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively if EURUSD can breach the 8 period moving averages the next target is the 34 period moving averages. Daily Technical Analysis for GBPUSD as at 22nd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/gbpusddaily_zpsb3efeacf.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays down day. Yesterday GBPUSD traded down to the area of the 8 period moving averages As the swing bias remains positive we are monitoring pullbacks to the 8 period moving averages acting as a potential buying area. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively a sustain break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 23rd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/usdchfdaily_zps92fe30dd.png Comments USDCHF is this morning trading higher from the open after yesterdays up day Following the breach of both trend line support and the 0.9200 area we have witnessed a good bounce off these levels. We are monitoring the price action to see if USDCHF can make a sustained push above the 8 period moving averages. The 8 period moving averages is also our initial area of interest where shorting opportunities may arise. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively if the price action can breach the 8 period moving averages then the next target is the 34 period moving averages. Daily Technical Analysis for USDJPY as at 23rd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/usdjpydaily_zps779183f3.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. Yesterday USDJPY pushed higher as traded through the 34 period moving averages and in Fibonacci resistance. We are monitoring this move up to the Fibonacci resistance area and 34 period moving averages where we will reassess the situation and look for potential reversal patterns and resumption of the down trend. However a sustained move higher could see a higher low printed on the weekly chart an more focus being given to the long side. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The price action is trading above moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 8 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance and the 34 period moving averages. Daily Technical Analysis for Gold as at 23rd August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/_golddaily_zps520bc42d.png Comments Gold is this morning trading unchanged from the open after yesterdays up day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. Subsequently Gold has corrected down to the 8 period moving averages which is not our initial area of interest where possible positive rotation and resumption of the uptrend could happen. However a sustain breach of this average could potential see Gold trade down to the 34 period moving averages. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a sustain breach of the 8 period moving averages could see Gold trade down to the 34 period moving averages. Daily Technical Analysis for Oil (WTI) as at 23rd August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/23%20August%20DTA/_wtidaily_zpsace5d0c8.png Comments Oil is this morning trading lower from the open after yesterdays up day. Following the down spike and lower low of the 8th August WTI has failed to print a higher high. Furthermore the breach of the 34 period moving averages has been followed by a lower high being printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish flag consolidation. A failure of the flag could potentially see Oil move to the Fibonacci support area. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. Oil is trading beneath the averages. Alternative counter trend bullish factors: 1. The prior down spike has been reversed. 2. The averages are layered positively. 3. The price action is forming a possible corrective zigzag consolidation pattern. 4. The price action is trading above the large monthly converging triangle. 5. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 26, 2013 Author Report Share Posted August 26, 2013 Daily Technical Analysis from ACFX 08/26/2013 Daily Technical Analysis for EURUSD as at 26th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/eurusddaily_zpsb219e147.png Comments EURUSD is this morning trading lower from the open after Fridays up day. The breach of the prior swing high continues to give EURUSD a positive bias. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The weekly time frame is in gear with the daily time frame. 4. The averages have crossed positively. 5. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. 2. The RSI is confirming is showing signs of negative divergence. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively if EURUSD can breach the 8 period moving averages the next target is the 34 period moving averages. Daily Technical Analysis for GBPUSD as at 26th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/gbpusddaily_zps2359ba7e.png Comments GBPUSD is this morning trading unchanged from the open after Fridays down day. On Friday GBPUSD traded under the 8 period moving averages As the swing bias remains positive we are monitoring this pullbacks to the averages acting as a potential buying area. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively a sustain break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 26th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/usdchfdaily_zpsa88085e9.png Comments USDCHF is this morning trading higher from the open after Fridays down day Following the breach of both trend line support and the 0.9200 area we have witnessed a good bounce off these levels. We are monitoring the price action to see if USDCHF can make a sustained push above the 8 period moving averages. The 8 period moving averages is also our initial area of interest where shorting opportunities may arise. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively if the price action can breach the 8 period moving averages then the next target is the 34 period moving averages. Daily Technical Analysis for USDJPY as at 26th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/usdjpydaily_zpsaa645742.png Comments USDJPY is this morning trading unchanged from the open after Friday’s unchanged day. On Friday USDJPY pushed higher as traded through the 34 period moving averages and in Fibonacci resistance. However the price action failed to print a higher close. We are monitoring this move up to the Fibonacci resistance area and 34 period moving averages where we will reassess the situation and look for potential reversal patterns and resumption of the down trend. However a sustained move higher could see a higher low printed on the weekly chart an more focus being given to the long side. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The price action is trading above moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 34 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance. Daily Technical Analysis for Gold as at 26th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/_golddaily_zpsffc545b6.png Comments Gold is this morning trading unchanged from the open after Fridays up day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. Friday’s correction down to the 8 period moving averages was our initial area of interest where a resumption of the uptrend could happen. Gold did bounce with force from this level and printed a further higher high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a sustain breach of the 8 period moving averages could see Gold trade down to the 34 period moving averages. Daily Technical Analysis for Oil (WTI) as at 26th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/26%20August%20DTA/_wtidaily_zps8e3ca266.png Comments Oil is this morning trading lower from the open after Fridays up day. Following the down spike and lower low of the 8th August WTI has failed to print a higher high. Furthermore the breach of the 34 period moving averages has been followed by a lower high being printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish flag consolidation. A failure of the flag could potentially see Oil move to the Fibonacci support area. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. Oil is trading above the averages. 2. The prior down spike has been reversed. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 27, 2013 Author Report Share Posted August 27, 2013 Daily Technical Analysis from ACFX 08/27/2013 Daily Technical Analysis from ACFX 08/27/2013 Daily Technical Analysis for EURUSD as at 27th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/eurusddaily_zps60f78f72.png Comments EURUSD is this morning trading lower from the open after yesterdays down day. The price action this morning has opened and is trading within a 2 day range. The breach of the prior swing high continues to give EURUSD a positive bias. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The weekly time frame is in gear with the daily time frame. 4. The averages have crossed positively. 5. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. 2. The RSI is confirming is showing signs of negative divergence. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively if EURUSD can breach the 8 period moving averages the next target is the 34 period moving averages. Daily Technical Analysis for GBPUSD as at 27th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/gbpusddaily_zpsa3a51c1c.png Comments GBPUSD is this morning trading lower from the open after yesterdays up day. GBPUSD continues to trade under the 8 period moving averages As the swing bias remains positive we are monitoring this pullbacks to the averages acting as a potential buying area. However there is potential for a move to the 34 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively a sustain break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 27th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/usdchfdaily_zps304b691b.png Comments USDCHF is this morning trading lower from the open after yesterdays up day Following the breach of both trend line support and the 0.9200 area we have witnessed a good bounce off these levels. We are monitoring the price action to see if USDCHF can make a sustained push above the 8 period moving averages. The 8 period moving averages is also our initial area of interest where shorting opportunities may arise. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively if the price action can breach the 8 period moving averages then the next target is the 34 period moving averages. Daily Technical Analysis for USDJPY as at 27th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/usdjpydaily_zps42671046.png Comments USDJPY is this morning trading lower from the open after yesterdays down day. Yesterday USDJPY experience a quite day as the price action continues to be squeezed between the 8 and 34 period moving averages. We are monitoring this move up to the Fibonacci resistance area and 34 period moving averages where we will reassess the situation and look for potential reversal patterns and resumption of the down trend. However a sustained move higher could see a higher low printed on the weekly chart with more focus being given to the long side. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. Alternative counter trend bullish factors: 1. The price action is trading above moving averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is trading above the 34 period moving averages there is the possibility of a corrective up move back to Fibonacci resistance. Daily Technical Analysis for Gold as at 27th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/_golddaily_zps0a0d7193.png Comments Gold is this morning trading unchanged from the open after yesterdays up day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. Friday’s correction down to the 8 period moving averages was our initial area of interest where a resumption of the uptrend could happen. Gold did bounce with force from this level and printed a further higher high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is trading within the Fibonacci resistance zone. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a sustain breach of the 8 period moving averages could see Gold trade down to the 34 period moving averages. Daily Technical Analysis for Oil (WTI) as at 27th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/27%20August%20DTA/_wtidaily_zps5727fb19.png Comments Oil is this morning trading unchanged from the open after yesterdays down day. Following the down spike and lower low of the 8th August WTI has failed to print a higher high. Furthermore the breach of the 34 period moving averages has been followed by a lower high being printed. A move beneath the prior swing low would confirm the bearish bias however a broader analysis of the price pattern being currently formed is that price action is potentially printing a bullish flag consolidation. A failure of the flag could potentially see Oil move to the Fibonacci support area. In terms of the bigger picture the swing bias remains negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. Alternative counter trend bullish factors: 1. Oil is trading above the averages. 2. The prior down spike has been reversed. 3. The averages are layered positively. 4. The price action is forming a possible corrective zigzag consolidation pattern. 5. The price action is trading above the large monthly converging triangle. 6. The weekly RSI diverging positively. Scenario 1 As the dominant daily trend is down retracements to resistance areas could possibly be viewed as selling opportunities. Scenario 2 Alternatively following the bounce off the 8th August down spike we are monitoring the possibility of a move to the 2nd August high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 28, 2013 Author Report Share Posted August 28, 2013 Daily Technical Analysis from ACFX 08/28/2013 Daily Technical Analysis for EURUSD as at 28th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/eurusddaily_zps6bcf1292.png Comments EURUSD is this morning trading lower from the open after yesterdays up day. The price action this morning has opened and is trading within a 3 day range. The breach of the prior swing high continues to give EURUSD a positive bias. We continue to monitor the price action to see if the 8 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The weekly time frame is in gear with the daily time frame. 4. The averages have crossed positively. 5. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. 2. The RSI is confirming is showing signs of negative divergence. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively if EURUSD can breach the 8 period moving averages the next target is the 34 period moving averages. Daily Technical Analysis for GBPUSD as at 28th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/gbpusddaily_zpsa4753468.png Comments GBPUSD is this morning trading lower from the open after yesterdays down day. GBPUSD continues to trade under the 8 period moving averages As the swing bias remains positive we are monitoring this pullbacks to the averages acting as a potential buying area. However there is potential for a move to the 34 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the initial area of interest being the 8 period moving averages. Scenario 2 Alternatively a sustain break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 28th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/usdchfdaily_zps64c370b3.png Comments USDCHF is this morning trading higher from the open after yesterdays down day Yesterday USDCHF broke down from the 8 period moving averages and broke beneath 0.9200 level and trend line support. We are monitoring a potential breach of the 20th August low. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. 5. The price action is trading beneath the averages. Alternative counter trend bullish factors: 1. The price action is becoming extended from the averages. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively if the price action cannot breach the 20th August low there is potential for a pullback to the 8 period moving averages. Daily Technical Analysis for USDJPY as at 28th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/usdjpydaily_zps449d2cb5.png Comments USDJPY is this morning trading higher from the open after yesterdays down day. Yesterday USDJPY down from the averages following what appears to be a corrective pull back. This move is in line with a rejection of Fibonacci resistance. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. 7. The price action is trading below the moving averages. Alternative counter trend bullish factors: 1. The price action is extended from the averages. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as the price action is extended from the averages we may see a corrective up to sideways pullback. Daily Technical Analysis for Gold as at 28th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/_golddaily_zps3cf5fe43.png Comments Gold is this morning trading higher from the open after yesterdays up day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. We continue monitor pullbacks to the 8 period moving averages as buying opportunities. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 28th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/28%20August%20DTA/_wtidaily_zps74a1c7fd.png Comments Oil is this morning trading higher from the open after yesterdays up day. As posted previously although Oil printed a lower low and lower high bearish combination the broader analysis of the price pattern that was formed is that price action is potentially printing a bullish flag consolidation. Following the 21st August potential higher low being printed Oil yesterday did reverse to the upside on a swing bases by trading above the previous pivot high. This upward momentum has continued this morning. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. 7. The weekly RSI diverging positively. Alternative counter trend bearish factors: 1. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages Oil may experience a down to sideways corrective pullback. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 29, 2013 Author Report Share Posted August 29, 2013 Daily Technical Analysis from ACFX 08/29/2013 Daily Technical Analysis for EURUSD as at 29th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/eurusddaily_zps9e348e7b.png Comments EURUSD is this morning trading lower from the open after yesterdays down day. This morning EURUSD broke down from the proceeding tight range is now touching the 34 period moving averages and trend line support. We continue to monitor the price action to see if the 34 period moving average will act as support. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The weekly time frame is in gear with the daily time frame. 4. The averages have crossed positively. 5. The price action has broken above the 8 period moving averages. Alternative counter trend bullish factors: 1. The averages are becoming extended which could lead to corrective down to sideways price action. 2. The RSI is confirming is showing signs of negative divergence. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively if EURUSD can breach the 34 period moving averages there is potential for an extended move to the previous swing low. Daily Technical Analysis for GBPUSD as at 29th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/gbpusddaily_zps80f37ae9.png Comments GBPUSD is this morning trading lower from the open after yesterdays down day. Yesterday GBPUSD broke lower only to find good support at the 3 period moving averages and in the process a bullish hammer candle was printed. As the swing bias remains positive we are monitoring this pullbacks to the averages acting as a potential buying area. However there is potential for a move to the previous swing low. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. The moving averages are somewhat extended. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the next area of interest being the 34 period moving averages. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 29th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/usdchfdaily_zpsb9336661.png Comments USDCHF is this morning trading higher from the open after yesterdays up day Following yesterday’s strong bounce off support the positivity has continued into the European session as USDCHF trades towards the 34 period moving averages. It would appear that USDCHF is attempting to build a base prior to breaking higher. However on a swing bases the trend is down and a breach of the 20th August low would reconfirm this trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. The price has corrected but there is potential for an extended move past the 34 period moving averages. 2. Support is holding. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively if the price action cannot breach the 20th August low there is potential for a pullback to the 34 period moving averages. Daily Technical Analysis for USDJPY as at 29th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/usdjpydaily_zps33c9b444.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. Yesterday USDJPY reversed off the lows and closed higher. This positive movement has continued into the European session with the price action moving back into the averages. Although Fibonacci resistance is a hurdle that needs to be overcome a move above the previous swing high will effectively change the trend to long. Furthermore with the development of what can be described as a large converging triangle, an upside break of this triangle could see USDJPY breaching the 100 level. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. 7. The price action is trading below the moving averages. Alternative counter trend bullish factors: 1. The price action is attempting to print a higher low. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively this corrective move could potentially change into a full trend reversal pattern if the price action can breach the previous swing high. Daily Technical Analysis for Gold as at 29th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/_golddaily_zps36235e6a.png Comments Gold is this morning trading lower from the open after yesterdays up day. Following the printing of a higher high and breach the previous swing high Gold is now effectively trending positively. However following yesterday’s reversal day where a bearish shooting star candle was printed we are monitoring pullbacks to the 8 period moving averages as buying opportunities. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. 2. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 29th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/29%20August%20DTA/_wtidaily_zps6be1bc14.png Comments Oil is this morning trading lower from the open after yesterdays down day. Following Tuesday’s powerful break out Oil yesterday experienced a reversal as a bearish shooting star candle was printed. As the price action continues to be extended from the averages it is not surprising that a corrective down to sideways pullback is happening. As long as the price action can hold above the 21st August low then the trend stays long. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. 7. The weekly RSI diverging positively. Alternative counter trend bearish factors: 1. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages Oil may experience a down to sideways corrective pullback. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 30, 2013 Author Report Share Posted August 30, 2013 Daily Technical Analysis from ACFX 08/30/2013 Daily Technical Analysis for EURUSD as at 30th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/eurusddaily_zpsbb9c9371.png Comments EURUSD is this morning trading lower from the open after yesterdays down day. Yesterday EURUSD continued to trade lower as it broke through the 34 period moving averages and trend line support. If the price action can breach the prior swing low then the swing bias will effectively change to down. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has breached trend line resistance. 3. The weekly time frame is in gear with the daily time frame. 4. The averages have crossed positively. Alternative counter trend bullish factors: 1. The price action has broken beneath the averages. 2. The RSI is showing signs of negative divergence. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively as EURUSD has breached the 34 period moving averages there is potential for an extended move to the previous swing low. Daily Technical Analysis for GBPUSD as at 30th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/gbpusddaily_zps9e1e75b2.png Comments GBPUSD is this morning trading higher from the open after yesterdays down day. GBPUSD continues to find support at the 34 period moving averages. As the swing bias remains positive we are monitoring this pullbacks to the averages acting as a potential buying area. However there is possibility for a move to the previous swing low. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is retracing to the positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD has broken beneath the 8 period moving averages. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities with the next area of interest being the 34 period moving averages. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 30th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/usdchfdaily_zps4858cecb.png Comments USDCHF is this morning trading higher from the open after yesterdays up day Following a strong bounce off support the positivity has continued as USDCHF traded through the 34 period moving averages. It would appear that USDCHF is attempting to build a base prior to breaking higher. However on a swing bases the trend is down and a breach of the 20th August low would reconfirm this trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. The price has corrected but there is potential for an extended move past the 34 period moving averages. 2. Support is holding. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as there has been a breach of the 34 period moving averages there is potential for a move to prior swing high. Daily Technical Analysis for USDJPY as at 30th August 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/usdjpydaily_zps6aafa27a.png Comments USDJPY is this morning trading lower from the open after yesterdays up day. Following USDJPY reversal we are monitoring the price action to see if there will be a break down from the 34 period moving averages and trend line resistance. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. 7. The price action is trading below the moving averages. Alternative counter trend bullish factors: 1. The price action is attempting to print a higher low. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively this corrective move could potentially change into a full trend reversal pattern if the price action can breach the previous swing high. Daily Technical Analysis for Gold as at 30th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/_golddaily_zps1eaaa412.png Comments Gold is this morning trading lower from the open after yesterdays down day. This morning Gold has traded down to the 8 period moving averages which we are monitoring as a potential buying area. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 30th August 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/30%20August%20DTA/_wtidaily_zps6ecc3012.png Comments Oil is this morning trading lower from the open after yesterdays down day. This morning Oil traded down to the 8 period moving averages where support was found. We are monitoring the potential for a further upswing. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. 7. The weekly RSI diverging positively. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages Oil may experience a down to sideways corrective pullback. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 2, 2013 Author Report Share Posted September 2, 2013 Daily Technical Analysis from ACFX 09/02/2013 Daily Technical Analysis for EURUSD as at 2nd September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/eurusddaily_zps48fa348c.png Comments EURUSD is this morning trading lower from the open after Fridays down day. Friday EURUSD continued to trade lower as it breached the previous pivot swing low. This breach effectively changes the trend from up to down. The price action is now trading under both the averages and trend line support. We are monitoring a potential negative cross of the averages which will confirm the new down trend. However the weekly time does continue to point up which could indicate that this change in the trend on the daily trend is nothing more than a strong corrective move. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative.. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame is in gear with the daily time frame. 2. The averages have crossed positively. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 2nd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/gbpusddaily_zpse7428341.png Comments GBPUSD is this morning trading higher from the open after Fridays down day. GBPUSD is bouncing off the 34 period moving averages and is this morning trading above the 8 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 2nd September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/usdchfdaily_zpsb3a98ea7.png Comments USDCHF is this morning trading higher from the open after Fridays up day Following a strong bounce off support the positivity has continued as USDCHF traded through the 34 period moving averages. It would appear that USDCHF is attempting to build a base prior to breaking higher. However on a swing bases the trend is down and a breach of the 20th August low would reconfirm this trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. The price has corrected but there is potential for an extended move past the 34 period moving averages. 2. Support is holding. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as there has been a breach of the 34 period moving averages there is potential for a move to prior swing high. Daily Technical Analysis for USDJPY as at 2nd September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/usdjpydaily_zps1a740ac3.png Comments USDJPY is this morning trading higher from the open after Fridays down day. This morning USDJPY is attempting to breach the upper level of the converging triangle. A successful breach followed by a move above the previous swing high would effectively change the trend from down to up. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The moving averages have crossed negatively. 3. The price action has broken below the significant 100 level. 4. The RSI is confirming the move. 5. The price action has managed to break below the upward sloping trend line. 6. Fibonacci resistance is offering down side pressure. 7. The price action is trading below the moving averages. Alternative counter trend bullish factors: 1. The price action is attempting to print a higher low. 2. The price action is attempting to breach trend line converging triangle resistance. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively this corrective move could potentially change into a full trend reversal pattern if the price action can breach the previous swing high. Daily Technical Analysis for Gold as at 2nd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/_golddaily_zps5db0fb24.png Comments Gold is this morning trading unchanged from the open after Fridays down day. This morning Gold has traded down to the 8 period moving averages which we are monitoring as a potential buying area. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 2nd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/2%20September%20DTA/_wtidaily_zpsec7b5361.png Comments Oil is this morning trading lower from the open after Fridays down day. This morning Oil traded down to the 34 period moving averages where support was found. We are monitoring the potential for a further upswing. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages Oil may experience a down to sideways corrective pullback. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 3, 2013 Author Report Share Posted September 3, 2013 Daily Technical Analysis from ACFX 09/03/2013 Daily Technical Analysis for EURUSD as at 3rd September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/eurusddaily_zps3bfc69d7.png Comments EURUSD is this morning trading lower from the open after Yesterdays down day. This morning EURUSD continues to trade lower. With the swing bias having turned negative we are monitoring a potential negative cross of the averages which will confirm the new down trend. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative.. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. 2. The averages have crossed positively. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 3rd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/gbpusddaily_zpsaaabeb48.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays up day. GBPUSD bounced off the 34 period moving averages and is this morning trading above the 8 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 3rd September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/usdchfdaily_zps728bec46.png Comments USDCHF is this morning trading higher from the open after yesterdays up day Following a strong bounce off support the positivity has continued as USDCHF traded through the 34 period moving averages. It would appear that USDCHF is attempting to build a base prior to breaking higher. However on a swing bases the trend is down and a breach of the 20th August low would reconfirm this trend. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. The price has corrected but there is potential for an extended move past the 34 period moving averages. 2. Support is holding. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as there has been a breach of the 34 period moving averages there is potential for a move to prior swing high. Daily Technical Analysis for USDJPY as at 3rd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/usdjpydaily_zps818d927f.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. Yesterday USDJPY breached the prior high following the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up. In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 3rd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/_golddaily_zps0367c1b2.png Comments Gold is this morning trading unchanged from the open after yesterday’s unchanged day. Yesterday Gold attempted to trade lower only for support to come into the market and in the process led to a printing of a bullish hammer candle. We are monitoring the price action for further signs of positive rotation. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 3rd September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/3%20September%20DTA/_wtidaily_zps8385e3c2.png Comments Oil is this morning trading unchanged from the open after yesterday’s unchanged day. Yesterday Oil attempted to trade lower only to reverse and print a bullish hammer candle. This morning Oil is hovering around the 34 period moving averages where support could be found. We are monitoring the potential for a further upswing. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages Oil may experience a down to sideways corrective pullback. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 4, 2013 Author Report Share Posted September 4, 2013 Daily Technical Analysis from ACFX 09/04/2013 Daily Technical Analysis for EURUSD as at 4th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/eurusddaily_zps9f39e7a0.png Comments EURUSD is this morning trading lower from the open after Yesterdays down day. This morning EURUSD continues to trade lower. The swing bias has turned negative and this has been confirmed by the averages also crossing negatively. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages yesterdays bullish hammer candle could be the first signs that the market is attempting to put in a base. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative.. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 4th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/gbpusddaily_zpsbb8cb94b.png Comments GBPUSD is this morning trading higher from the open after yesterdays up day. GBPUSD bounced off the 34 period moving averages and is this morning trading above the 8 period moving averages. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 4th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/usdchfdaily_zpsbd57c677.png Comments USDCHF is this morning trading higher from the open after yesterdays up day USDCHF continues to trade higher with the averages attempting to cross positively. However on a swing bases the trend is down. A breach of the prior swing low would confirm the negative swing bias and a breach of the prior swing high would effectively change the trend to long. In terms of the bigger picture the swing bias is negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias remains negative. 2. The weekly time frame continues to have a negative bias. 3. The RSI is in gear with the move. 4. The averages are negatively layered. Alternative counter trend bullish factors: 1. The price has corrected but there is potential for an extended move past the 34 period moving averages. 2. Support is holding. Scenario 1 As the dominant daily trend is down corrective pullback could possibly offer shorting opportunities. Scenario 2 Alternatively as there has been a breach of the 34 period moving averages there is potential for a move to prior swing high. Daily Technical Analysis for USDJPY as at 4th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/usdjpydaily_zps44a6f89e.png Comments USDJPY is this morning trading higher from the open after yesterdays up day. USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up. In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 4th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/_golddaily_zps4dd5374c.png Comments Gold is this morning trading lower from the open after yesterdays up day. Following the printing of the hammer candle Gold broke higher of the averages. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 4th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/4%20September%20DTA/_wtidaily_zpsc6165b24.png Comments Oil is this morning trading lower from the open after yesterdays up day. Yesterday Oil experienced a positive session as it bounced aggressively of the 34 period moving averages. We are monitoring a potential move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively trading this pair could offer short term scalping opportunities back to the averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 5, 2013 Author Report Share Posted September 5, 2013 Daily Technical Analysis from ACFX 09/05/2013 Daily Technical Analysis for EURUSD as at 5th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/eurusddaily_zpsc8d22294.png Comments EURUSD is this morning trading lower from the open after Yesterdays up day. EURUSD yesterday experienced a minor retracement however this morning the price action has opened negatively and reversed most of yesterday’s gains. We are monitoring the potential for further downward momentum. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative.. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 5th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/gbpusddaily_zpsc45250b1.png Comments GBPUSD is this morning trading lower from the open after yesterdays up day. GBPUSD bounced off the 34 period moving averages. We are monitoring a potential move to the prior swing high. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 5th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/usdchfdaily_zps7c2fe027.png Comments USDCHF is this morning trading higher from the open after yesterdays down day This morning’s strong bullish open has resulted in a breach of the previous swing high and in the process changed the trend on a swing bases from down to up. The positive cross of the averages is confirming this bias. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bullish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively as the price action is becoming extended from the averages there is potential for corrective down to sideways movement. Daily Technical Analysis for USDJPY as at 5th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/usdjpydaily_zps127a7b38.png Comments USDJPY is this morning trading lower from the open after yesterdays up day. USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up. In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 5th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/_golddaily_zps12e26762.png Comments Gold is this morning trading lower from the open after yesterdays down day. Following the printing of the hammer candle Gold broke higher off the averages. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages there is potential for taking counter trend shorts down to the averages. Daily Technical Analysis for Oil (WTI) as at 5th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/5%20September%20DTA/_wtidaily_zps9e9e0350.png Comments Oil is this morning trading unchanged from the open after yesterdays down day. Oil experienced a positive session as it bounced aggressively of the 34 period moving averages. We are monitoring a potential move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively trading this pair could offer short term scalping opportunities back to the averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 6, 2013 Author Report Share Posted September 6, 2013 Daily Technical Analysis from ACFX 09/06/2013 Daily Technical Analysis from ACFX 09/06/2013 Daily Technical Analysis for EURUSD as at 6th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/eurusddaily_zpsfcb3d4dd.png Comments EURUSD is this morning trading higher from the open after yesterdays down day. EURUSD yesterday traded up to the 8 period moving where resistance was found. This currency pair was ultimately repelled from this level and in the process was pushed into making a new low. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative.. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 6th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/gbpusddaily_zpsf78fefb1.png Comments GBPUSD is this morning trading higher from the open after yesterdays down day. GBPUSD bounced off the 34 period moving averages. We are monitoring a potential move to the prior swing high. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustain break of the 34 period moving averages could potentially see GBPUSD trade into the direction of the prior swing low. Daily Technical Analysis for USDCHF as at 6th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/usdchfdaily_zps5853bf65.png Comments USDCHF is this morning trading lower from the open after yesterdays up day The strong upward momentum continued yesterday as USDCHF trades up to the Fibonacci resistance. As the price action is getting extended from the averages we are monitoring USDCHF for possible negative rotation. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bearish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively as the price action is becoming extended from the averages there is potential for corrective down to sideways movement. Daily Technical Analysis for USDJPY as at 6th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/usdjpydaily_zps987c9da5.png Comments USDJPY is this morning trading lower from the open after yesterdays up day. USDJPY continues to act positively following the breach of the prior high the upside break of the converging triangle. This move and the successful breach of the previous swing high has effectively change the trend from down to up. In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 6th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/_golddaily_zps485ee7bb.png Comments Gold is this morning trading higher from the open after yesterdays down day. Gold continues to experience a corrective retracement as it trades between the averages. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the averages. 5. The price action is trading above the 1322 support level. 6. The RSI is in gear with the move., Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area. Daily Technical Analysis for Oil (WTI) as at 6th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/36%20September%20DTA/_wtidaily_zps82f52bd5.png Comments Oil is this morning trading unchanged from the open after yesterdays up day. Oil continues to trade around the moving averages. We are monitoring a potential move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively trading this pair could offer short term scalping opportunities back to the averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 9, 2013 Author Report Share Posted September 9, 2013 Daily Technical Analysis from ACFX 09/09/2013 Daily Technical Analysis for EURUSD as at 9th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/eurusddaily_zps4b0acc5a.png Comments EURUSD is this morning trading higher from the open after Fridays up day. EURUSD once again is trading up to the 8 period moving. We are monitoring the price for any signs of resistance at this levels which could ultimately push EURUSD lower. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move. Furthermore with the price action being extended from the averages Mondays bullish hammer candle could be the first signs that the market is attempting to put in a base. In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action has breached trend line support. 3. The price action has broken beneath the averages. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively as EURUSD is extended from the averages and therefore there is a possibility of a corrective up to sideways move. Daily Technical Analysis for GBPUSD as at 9th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/gbpusddaily_zpsfb535880.png Comments GBPUSD is this morning trading higher from the open after Fridays up day. Following the bounce off the off the 34 period moving averages GBPUSD continues to trade higher. We are monitoring a potential move to the prior swing high. In terms of the bigger the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action is bouncing off positively layered averages which could offer a buying opportunity. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. 6. The price action traded through the 1.5250 resistance level. Alternative counter trend bearish factors: 1. GBPUSD is approaching Fibonacci resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively a sustained break of the 8 period moving averages could potentially see GBPUSD trade into the direction of the 34 period moving averages. Daily Technical Analysis for USDCHF as at 9th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/usdchfdaily_zps95b2e4a6.png Comments USDCHF is this morning trading lower from the open after Fridays down day On Friday USDCHF traded down to the averages where support came into the market. If support does hold we will monitor a potential move to Fibonacci resistance. Alternatively a breach of the 8 period moving averages will focus our attention on a possible move to the 34 period moving averages. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bearish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively a breach of the 8 period moving averages could potential see USDCHF trade down to the 34 period moving averages. Daily Technical Analysis for USDJPY as at 9th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/usdjpydaily_zpsf9b08333.png Comments USDJPY is this morning trading unchanged from the open after Fridays down day. On Friday USDJPY experienced a corrective downwards move to the 8 period moving averages where support was found. This morning USDJPY has opened with an upside gap. Although the market continues to have a positive bias the rejection of both Fibonacci resistance and the 100 level has been noted. In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 9th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/_golddaily_zpsb2975b36.png Comments Gold is this morning trading lower from the open after Fridays up day. Gold has bounced off the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the 1322 support level. 5. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area. Daily Technical Analysis for Oil (WTI) as at 9th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/9%20September%20DTA/_wtidaily_zpsf59425c4.png Comments Oil is this morning trading unchanged from the open after Fridays up day. Oil on Friday bounced aggressively off the moving average support area. We are monitoring a potential move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is forming a possible corrective zigzag consolidation pattern. 6. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to resistance areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively trading this pair could offer short term scalping opportunities back to the averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 10, 2013 Author Report Share Posted September 10, 2013 Daily Technical Analysis from ACFX 09/10/2013 Daily Technical Analysis for EURUSD as at 10th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/eurusddaily_zps228fe45c.png Comments EURUSD is this morning trading higher from the open after yesterdays up day. EURUSD has broken through the 8 period moving and has traded up to the 34 period moving averages and Fibonacci resistance. We are monitoring the price for any signs of negativity at this levels which could ultimately push EURUSD lower. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading at moving average resistance. 3. The price action is trading at Fibonacci resistance. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. 2. The price action has breached trend line resistance. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high. Daily Technical Analysis for GBPUSD as at 10th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/gbpusddaily_zps83ba5fae.png Comments GBPUSD is this morning trading higher from the open after yesterdays up day. GBPUSD yesterday breached prior swing high and is now trading deep into Fibonacci resistance. We are monitoring the price action for continued positive momentum. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action has bounced off positively layered averages. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. Alternative counter trend bearish factors: 1. GBPUSD is trading within Fibonacci resistance. 2. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available. Daily Technical Analysis for USDCHF as at 10th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/usdchfdaily_zps9c1b5896.png Comments USDCHF is this morning trading lower from the open after yesterdays down day USDCHF has traded down to Fibonacci support. A breach of this area would focus our attention on a move to the previous swing low. However the swing bias is up and therefore our attention for the moment continues to have a slightly positive bias. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bearish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively a breach of the 8 period moving averages could potential see USDCHF trade down to the 34 period moving averages. Daily Technical Analysis for USDJPY as at 10th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/usdjpydaily_zpsd62dacb5.png Comments USDJPY is this morning higher unchanged from the open after yesterdays down day. Following Friday’s corrective downwards move to the 8 period moving averages USDJPY is experiencing a moderate bounce. We are monitoring a potential breach of the 100 level. However the price action continues to trade within Fibonacci resistance In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level could offer a barrier to further upside movement. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 10th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/_golddaily_zps8a5e7aaf.png Comments Gold is this morning trading lower from the open after yesterdays down day. Gold has bounced off the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the 1322 support level. 5. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area. Daily Technical Analysis for Oil (WTI) as at 10th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/10%20September%20DTA/_wtidaily_zps676fdc2b.png Comments Oil is this morning trading lower from the open after yesterdays down day. Following the strong bounce off moving average support area Oil failed to maximize its gain and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively trading this pair could offer short term scalping opportunities back to the averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 11, 2013 Author Report Share Posted September 11, 2013 Daily Market Outlook from ACFX 09/11/2013 Daily Technical Analysis for EURUSD as at 11th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/eurusddaily_zps4b2d70a0.png Comments EURUSD is this morning trading lower from the open after yesterdays up day. EURUSD has broken through the 8 period moving and has traded up to the 34 period moving averages and Fibonacci resistance. We are monitoring the price action for any signs of negativity at this levels which could ultimately push EURUSD lower. However the weekly time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading at moving average resistance. 3. The price action is trading at Fibonacci resistance. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. 2. The price action has breached trend line resistance. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high. Daily Technical Analysis for GBPUSD as at 11th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/gbpusddaily_zps42870de3.png Comments GBPUSD is this morning trading lower from the open after yesterdays up day. GBPUSD continues to trade deep into Fibonacci resistance. We are monitoring the price action for continued positive momentum. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action has bounced off positively layered averages. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. Alternative counter trend bearish factors: 1. GBPUSD is trading within Fibonacci resistance. 2. The price action is extended from the averages. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available. Daily Technical Analysis for USDCHF as at 11th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/usdchfdaily_zpse2bdf92e.png Comments USDCHF is this morning trading higher from the open after yesterdays up day USDCHF has bounced off Fibonacci support. We are monitoring a potential move to the previous swing high. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bearish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively a breach of the 34 period moving averages could see USDCHF move in the direction of the prior swing low. Daily Technical Analysis for USDJPY as at 11th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/usdjpydaily_zpsc37261ab.png Comments USDJPY is this morning higher unchanged from the open after yesterdays up day. USDJPY has continued to move higher following bouncing off the 8 period moving averages and has breached the 100 level. However the price action continues to trade within Fibonacci resistance In terms of the bigger picture the swing bias has turned positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading above the moving averages. 6. The 100 level has been breached. 7. The RSI is confirming the move. Alternative counter trend bearish factors: 1. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance could offer selling opportunities. Daily Technical Analysis for Gold as at 11th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/_golddaily_zpsd7b0c46f.png Comments Gold is this morning trading unchanged from the open after yesterdays down day. Gold is finding support at the 34 period moving averages following its corrective retracement. We are monitoring the price action for a potential move to the prior swing high. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the 1322 support level. 5. The RSI is in gear with the move. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area. Daily Technical Analysis for Oil (WTI) as at 11th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/11%20September%20DTA/_wtidaily_zpsd054968e.png Comments Oil is this morning trading lower from the open after yesterdays down day. Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively a breach of current support could see Oil trade down to the previous swing low. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted September 12, 2013 Author Report Share Posted September 12, 2013 Daily Technical Analysis from ACFX 09/12/2013 Daily Technical Analysis for EURUSD as at 12th September 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/eurusddaily_zpsbefb5a7d.png Comments EURUSD is this morning trading lower from the open after yesterdays up day. Yesterday EURUSD continued to move further into the Fibonacci resistance area and is this morning trading above both averages and trend line resistance. That the swing bias is still negative and EURUSD has entered a potential Fibonacci sell zone we are monitoring the price action for any signs of negativity at this levels which could ultimately push this pair lower. However the weekly frame time does continue to point up which could indicate that this change of daily trend is nothing more than a strong corrective move In terms of the bigger picture the swing bias has changed to negative. The following factors are confirming or reinforcing this market bias: 1. The swing bias is negative. 2. The price action is trading at moving average resistance which could be viewed as over bought. 3. The price action is trading within Fibonacci resistance. 4. The averages have crossed negatively. 5. The RSI is showing signs of negative divergence. Alternative counter trend bullish factors: 1. The weekly time frame has a positive swing bias. 2. The price action has breached trend line resistance. Scenario 1 As the dominant daily trend is down retracements into resistance could be viewed as selling opportunities Scenario 2 Alternatively if EURUSD can breach Fibonacci resistance there is a possibility that the move continues to the previous swing high. Daily Technical Analysis for GBPUSD as at 12th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/gbpusddaily_zps01ca08f2.png Comments GBPUSD is this morning trading unchanged from the open after yesterdays up day. GBPUSD yesterday experience an extremely good up day as it spiked through the high of the 17th June. The price action is now slamming into the 1.5825 area which is an important area of resistance which coincides with both a prior daily and weekly pivot swing low that was breached during recent collapse of GBPUSD. We are monitoring the price action for continued positive momentum. However as the price action is looking extended then the averages a corrective down to sideways move is a possibility. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias has turned positive. 2. The price action has bounced off positively layered averages. 3. The averages have crossed positively. 4. The RSI is confirming the move. 5. The weekly time frame is in gear with the daily time frame. Alternative counter trend bearish factors: 1. GBPUSD is trading within Fibonacci resistance. 2. The price action is extended from the averages. 3. The price action is trading into an area of resistance. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities. Scenario 2 Alternatively as the price action is extended from the averages short scalping opportunities could potentially become available. Daily Technical Analysis for USDCHF as at 12th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/usdchfdaily_zpsd78d945e.png Comments USDCHF is this morning trading higher from the open after yesterdays down day USDCHF continues bounced off Fibonacci support. We are monitoring a potential move to the previous swing high. In terms of the bigger picture the swing bias has changed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The RSI is in gear with the move. 3. The averages are positively layered. Alternative counter trend bearish factors: 1. The weekly time frame continues to have a negative bias. Scenario 1 As the dominant daily trend is up corrective pullbacks could possibly offer buying opportunities. Scenario 2 Alternatively a breach of the 34 period moving averages could see USDCHF move in the direction of the prior swing low. Daily Technical Analysis for USDJPY as at 12th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/usdjpydaily_zps962cbda9.png Comments USDJPY is this morning higher lower from the open after yesterdays down day. Yesterday USDJPY retrace to the 8 period moving averages and this negativity has continued this morning as the price action is now attempting to trade down to the 34 period moving averages. This move does coincide with a bounce off the 100 areas and Fibonacci resistance. We are monitoring the extent of this correction. If USDJPY does not breach the 28th August lows then there is potential of a higher low being printed prior to a further attempt being made on the 100 level. A breach of the 100 level will then focus our attention on the 101.50 level which coincides with a prior swing high. This could open the way for a potential move to the May 2013 highs as there will be cleared sky for this move to happen. However the current resistance levels are now in focus and we are monitoring the extent of any correction. A breach of the prior swing low would of course turn the swing bias negative. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias positive. 2. The price action has printed a higher low. 3. The price action has breached the upper trend line of a converging triangle. 4. The moving averages have crossed positively. 5. The price action is trading into the moving averages which could be viewed as oversold. 6. The RSI is confirming the move. Alternative counter trend bearish factors: 1. The 100 level is offering resistance. 2. Fibonacci resistance could offer down side pressure. Scenario 1 As the dominant daily trend is up retracements into support could be viewed as buying opportunities Scenario 2 Alternatively Fibonacci resistance and the 100 level could offer selling opportunities down to the 34 period moving averages and prior swing low support. Daily Technical Analysis for Gold as at 12th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/_golddaily_zps0359aee6.png Comments Gold is this morning trading lower from the open after yesterday’s unchanged day. Gold this morning is experiencing a broader correction as it trades lower. The move thus far has breached the 34 period moving averages and has importantly entered into a potential Fibonacci buy zone. We are monitoring the price action for a potential bounce off these levels and a subsequent move to the prior swing high. However if the correction gains momentum there is a possibility that Gold attempts to breach the prior pivot swing low which will effectively change the trend to short. In terms of the bigger picture the swing bias has reversed to positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. The price action has printed a higher low. 3. The moving averages are layered positively. 4. The price action is trading above the 1322 support level. 5. The RSI is in gear with the move. 6. The price action has entered Fibonacci support. Alternative counter trend bearish factors: 1. The weekly time frame continues to point down. Scenario 1 As the dominant daily trend is up corrective sideways to down movements could potentially be viewed as buying opportunities. Scenario 2 Alternatively a break beneath the 34 moving averages could see Gold trade down to the 1300 area. Daily Technical Analysis for Oil (WTI) as at 12th September 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/12%20Septmeber%20DTA/_wtidaily_zps7793513d.png Comments Oil is this morning trading lower from the open after yesterdays up day. Following the strong bounce off moving average support area Oil failed to maximize its gains and eventually has traded back down to the averages. A prominent RSI negative divergence is a warning sign that a broader correction might be on the cards. However as the swing bias remains positive for the time being we are monitoring a potential bounce off moving average and Fibonacci support and a move to the prior swing high. In terms of the bigger picture the swing bias is positive. The following factors are confirming or reinforcing this market bias: 1. The swing bias is positive. 2. Oil is trading above the averages. 3. The prior down spike has been reversed. 4. The averages are layered positively. 5. The price action is trading above the large monthly converging triangle. Alternative counter trend bearish factors: 1. The weekly RSI diverging negatively. Scenario 1 As the dominant daily trend is up retracements to support areas could possibly be viewed as buying opportunities. Scenario 2 Alternatively a breach of current support could see Oil trade down to the previous swing low. ⭐ Meow 1 Quote Link to comment Share on other sites More sharing options...
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