Daily Technical Analysis from ACFX

[Atlas CapitalFx]

Daily Technical Analysis for 20th December 2013 from ACFX

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/20%2012%202013/eurusddaily_zpsbb4a0a57.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 23 pips lower from its open whilst trading a 42 pip range.

 

Market overview

The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Yesterday EURUSD experienced a strong downside corrective mover that has taken it beyond trend line resistance. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

 

Focus on today

This morning EURUSD is trading below the previous day’s low and within a 30 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

 

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

 

Key intraday levels

EURUSD: 1.3520 1.3565, 1.3763, 1.3811.

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/20%2012%202013/gbpusddaily_zps49a04e49.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 5 pips lower from its open whilst trading a 62 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 40 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

 

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

Please scroll down

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/20%2012%202013/usdjpydaily_zps12184416.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 5 pips higher from its open whilst trading a 58 pip range.

 

Market overview

The price action continues to have a positive daily swing bias with the price action having completed its correction down to the 8 period moving averages and bounced higher.

 

Focus on today

This morning USDJPYis trading above the previous day’s high and within a 36 pip early morning Tokyo session range.

 

Furthermore currently USDJPY has this morning trading above the previous day range high of 103.97 to 104.36.

 

AS USDJPY is trading just above the 103.97 to 104.36 congestion range, I am monitoring the potential for the price action to continue with the upside momentum.

 

Alternatively USDJPY could continue to trade within the 103.97 to 104.36 area for the rest of the session.

 

Key intraday levels

USDJPY: 102.00, 102.35, 103.97, 104.36.

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/20%2012%202013/usdchfdaily_zpsf335dcc3.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 39 pips higher from its open whilst trading a 52 pip range.

 

Market overview

Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

 

Focus on today

This morning USDCHF is trading above the previous day’s high and within a 20 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

 

AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.9080 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

[Atlas CapitalFx]

Daily Technical Analysis 23rd December 2013 from ACFX

 

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/23%2012%202013/eurusddaily_zpsbb47fce9.png

 

Yesterday’s summary

Friday’s trading saw EURUSD end the session 17 pips higher from its open whilst trading a 84 pip range.

 

Market overview

The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Friday EURUSD closed within the range of the previous day. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

 

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 22 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is also trading between the .3520/1.3565 to 1.3763/1.3811 price congestion areas.

 

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

 

Key intraday levels

EURUSD: 1.3520 1.3565, 1.3763, 1.3811

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/23%2012%202013/gbpusddaily_zps95710ae2.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 36 pips lower from its open whilst trading a 80 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 40 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

 

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/23%2012%202013/usdjpydaily_zps6fd7be33.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 21 pips lower from its open whilst trading a 77 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning USDJPYis trading within the previous day’s range and within a 13 pip early morning Tokyo session range.

 

Furthermore currently USDJPY has this morning trading within the 103.97 to 104.36 previous day range high.

 

AS USDJPY is trading between the 103.97 to 104.36 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDJPY trades in between the 103.97 to 104.36 levels for the rest of the day.

 

Key intraday levels

USDJPY: 102.00, 102.35, 103.97, 104.36.

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/23%2012%202013/usdchfdaily_zps7a3eff9a.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 18 pips lower from its open whilst trading a xx pip range.

 

Market overview

Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

 

I am monitoring for a possible return back to the down trend.

 

Focus on today

This morning USDCHF is trading within the previous day’s range and within a 16 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas.

 

AS USDCHF is trading between the 0.8831/0.8869 to 0.9080/0.9110 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.9080 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8831, 0.8869, 0.9080, 0.9110.

[Atlas CapitalFx]

Daily Technical Analysis for 24th December 2013 from ACFX

 

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/24%2012%202013/eurusddaily_zps4193ad8b.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 25 pips higher from its open whilst trading a 48 pip range.

 

Market overview

The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Friday EURUSD closed within the range of the previous day. I am monitoring a potential move to the 34 period moving averages. Alternatively if EURUSD trade back above the 8 period moving averages could lead to a move to the 25th October swing high pivot at 1.3832.

 

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is also trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas.

 

AS EURUSD is trading between the 1.3520/1.3565 to 1.3763/1.3811 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that EURUSD trades in between the 1.3565 to 1.3763 levels for the rest of the day.

 

Key intraday levels

EURUSD: 1.3520 1.3565, 1.3763, 1.3811

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/24%2012%202013/gbpusddaily_zps3cd348b1.png

 

esterday’s summary

Yesterday’s trading saw GBPUSD end the session 20 pips higher from its open whilst trading a 51 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 27 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas.

 

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6419/1.6466 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6283 to 1.6419 levels for the rest of the day.

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6419, 1.6466.

 

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/24%2012%202013/usdjpydaily_zps152c7df2.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 9 pips higher from its open whilst trading a 34 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning USDJPYis trading above the previous day’s high and within a 29 pip early morning Tokyo session range.

 

Furthermore currently USDJPY has this morning trading within the 103.97 to 104.36 previous day range high.

 

AS USDJPY is trading between the xx/xx and xx/xx price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

Alternatively there is a possibility that USDJPY trades in between the xx to xx levels for the rest of the day.

 

 

AS USDJPY is trading between the 103.97 to 104.36 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively USDJPY could continue to trade within the 103.97 to 104.36 area for the rest of the session.

 

Key intraday levels

USDJPY: 102.00, 102.35, 103.97, 104.36.

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/24%2012%202013/usdchfdaily_zpsa40e65cc.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 25 pips lower from its open whilst trading a 44 pip range.

 

Market overview

Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

 

I am monitoring for a possible return back to the down trend.

 

Focus on today

This morning USDCHF is trading within the previous day’s range and within a 23 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 to 0.8982/0.9001 price congestion areas.

 

AS USDCHF is trading between the 0.8831/0.8869 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8869 to 0.8982 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8831, 0.8869, 0.8982, 0.9001.

[Atlas CapitalFx]

Daily Technical Analysis for 27th December 2013 from ACFX

 

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/27%2012%202013/eurusddaily_zpsb7b00c34.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 11 pips higher from its open whilst trading a 27 pip range.

 

Market overview

The price action continues to have a negative daily swing bias whilst trading within a large expanding triangle. Thursday EURUSD traded and closed within the range of the previous day. EURUSD has this morning broken back above the 8 period moving averages. I am monitoring a potential move to the 25th October swing high pivot at 1.3832.

 

Focus on today

This morning EURUSD is trading above the previous day’s high and within a 84 pip early morning Tokyo session range.

 

Furthermore currently EURUSD has this morning broken into the 1.3763 to 1.3811 range high.

 

AS EURUSD is trading just broken into the 1.3763/1.3811 congestion range, I am monitoring the potential for the price action to continue with further upward momentum.

 

Alternatively EURUSD could find resistance as it trades into the 1.3763/1.3811 congestion range which could lead to a potential downside pressure.

 

Key intraday levels

EURUSD: 1.3624 1.3647, 1.3763, 1.3811

 

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/27%2012%202013/gbpusddaily_zps76c788a7.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 27 pips higher from its open whilst trading a 69 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 34 period moving averages and trend line support.

 

Focus on today

This morning GBPUSD is trading above the previous day’s high and within a 69 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD has this morning trading within the 1.6419/1.6485 range high.

 

AS GBPUSD is trading just between the 1.6419/1.6485 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively GBPUSD could continue to trade within the 1.6419/1.6485 area for the rest of the session.

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6419, 1.6485.

 

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/27%2012%202013/usdjpydaily_zps5b460e3b.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 5 pips higher from its open whilst trading a 15 pip range.

 

Market overview

The price action continues to have a positive daily swing bias and is currently moving higher following a correction back towards the 8 period moving averages.

 

Focus on today

This morning USDJPY is trading below the previous day’s low and within a 36 pip early morning Tokyo session range.

 

Furthermore currently USDJPY has this morning trading within the 104.67/105.03 previous day range high.

 

AS USDJPY is trading within the 104.67/105.03 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively USDJPY could continue to trade within the 104.67/105.03 area for the rest of the session.

 

Key intraday levels

USDJPY: 102.49, 102.69, 104.67, 105.03.

 

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/27%2012%202013/usdchfdaily_zps8da5f5d5.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 2 pips higher from its open whilst trading a 18 pip range.

 

Market overview

Following the break of 24th October low at 0.8889 the trend in USDCHF has changed to negative on a swing bases. The current market activity can be viewed as a corrective move up to trend line resistance.

I am monitoring a possible return back to the down trend with this early morning negativity potentially indicating this scenario.

 

Focus on today

This morning USDCHF is trading below the previous day’s low and within a 52 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8831/0.8869 and 0.8982/0.9001 price congestion areas.

 

AS USDCHF is trading between the 0.8831/0.8869 and 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8869/0.8982 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8831, 0.8869, 0.8982, 0.9001.

[Atlas CapitalFx]

Daily Technical Analysis for 30th December 2013 from ACFX

 

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/31%2012%202013/eurusddaily_zps31f727a0.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 56 pips higher from its open whilst trading a 205 pip range.

 

Market overview

Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

 

Friday’s EURUSD traded an extremely large upside move of some 205 pips which is nearly 3 times the average daily range. The move proved to be too big and this eventually led to a correction back to support. . I am monitoring a possible continuation of the upside momentum.

 

Focus on today

 

This morning EURUSD is trading within the previous day’s range and within a 35 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is this morning trading within the 1.3893/1.3837 morning range low.

 

AS EURUSD is trading between the 1.3893/1.3837 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively EURUSD could continue to trade within the 1.3893/1.3837 area for the rest of the session.

 

Key intraday levels

EURUSD: 1.3727 1.3762, 1.3837, 1.3893

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/31%2012%202013/gbpusddaily_zpsed906e3a.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 72 pips higher from its open whilst trading a 173 pip range.

 

Market overview

The price action continues to have a positive daily swing bias on both daily and weekly time frames with the current market activity being a continuation of the bounce off the 8 period moving averages.

 

Friday’s volatile price action printed a large 173 pip daily range. On breaching the previous high of 1.6484 by some distance GBPUSD experienced a correction back to this level. I am monitoring a possible continuation of the upside momentum.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas.

 

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6213/1.6283 to 1.6527/1.6577 levels for the rest of the day.

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6527, 1.6577.

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/31%2012%202013/usdjpydaily_zps6f616694.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 37 pips higher from its open whilst trading a 57 pip range.

 

Market overview

USDJPY continues to have a positive daily and weekly swing bias and is currently moving higher following a correction back towards the 8 period moving averages. I am monitoring a possible continuation of the upside momentum.

 

Focus on today

This morning USDJPYis trading above the previous day’s high and within a 15 pip early morning Tokyo session range.

 

Furthermore currently USDJPY is this morning trading within the 105.15/105.41 morning range high.

 

AS USDJPY is trading just above/beneath/between the 105.15/105.41 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively USDJPY could continue to trade within the 105.15/105.41 area for the rest of the session.

 

Key intraday levels

USDJPY: 103.76, 103.98, 105.15, 105.41.

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/31%2012%202013/usdchfdaily_zps7e5d32ca.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 49 pips lower from its open whilst trading a 168 pip range.

 

Market overview

USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

 

Friday’s price action was extremely volatile with USDCHF printing a very large 168 pip range. The initial early morning move breached the previous swing low. However the latter part of the trading day saw USDCHF correct back to the 8 period moving averages value area. I am monitoring a possible continuation of the downside momentum.

 

Focus on today

This morning USDCHF is trading within the previous day’s range and within a 26 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas.

 

AS USDCHF is trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8798/0.8844 to 0.8982/0.9001 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8798, 0.8844, 0.8982, 0.9001.

[Atlas CapitalFx]

Daily Technical Analysis for 31th December 2013 from ACFX

 

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/30%2012%202013/eurusddaily_zps310d941e.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 44 pips higher from its open whilst trading a 91 pip range.

 

Market overview

Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

 

Monday’s price action was a continuation of the bounce off support and the 8 period moving averages as it traded within Friday’s range. I am monitoring the possibility of further upside movement.

 

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 25 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is this morning trading within the 1.3893/1.3837 morning range low.

 

AS EURUSD is trading between the 1.3893/1.3837 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively EURUSD could continue to trade within the 1.3893/1.3837 area for the rest of the session.

 

Key intraday levels

EURUSD: 1.3727 1.3762, 1.3837, 1.3893

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/30%2012%202013/gbpusddaily_zpsa8d553e2.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 17 pips higher from its open whilst trading a 75 pip range.

 

Market overview

The price action continues to have a positive daily swing bias on both daily and weekly time frames with the current market activity being a continuation of the bounce off the 8 period moving averages.

Monday’s price action was a continuation of the bounce off support and the 8 period moving averages as it traded within Friday’s range. I am monitoring the possibility of further upside movement.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas.

 

AS GBPUSD is trading between the 1.6213/1.6283 to 1.6527/1.6577 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6213/1.6283 to 1.6527/1.6577 levels for the rest of the day.

 

Key intraday levels

GBPUSD: 1.6213, 1.6283, 1.6527, 1.6577.

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/30%2012%202013/usdjpydaily_zpsdce1949a.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 7 pips lower from its open whilst trading a 46 pip range.

 

Market overview

USDJPY continues to have a positive daily and weekly swing bias and is currently moving higher following a correction back towards the 8 period moving averages.

Monday’s price action saw USDJPY take a pause following its stellar rise. I am monitoring a possible continuation of the upside momentum however the price action is becoming increasingly extended from its averages.

 

Focus on today

This morning USDJPY is trading below the previous day’s low and within a 10 pip early morning Tokyo session range.

 

Furthermore currently USDJPYis also trading between the 103.76/103.98 to 105.15/105.41 price congestion areas.

 

AS USDJPY is trading between the 103.76/103.98 to 105.15/105.41 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDJPY trades in between the 103.98 to 105.15 levels for the rest of the day.

 

Key intraday levels

USDJPY: 103.76, 103.98, 105.15, 105.41.

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/30%2012%202013/usdchfdaily_zpscfb6aa44.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 33 pips lower from its open whilst trading a 73 pip range.

 

Market overview

USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

 

Monday’s price action can be viewed as a return to the down trend followed USDCHF trading back to 8 period moving averages value area. I am monitoring a possible continuation of the downside momentum.

 

Focus on today

This morning USDCHF is trading within the previous day’s range and within a 23 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is also trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas.

 

AS USDCHF is trading between the 0.8798/0.8844 to 0.8982/0.9001 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDCHF trades in between the 0.8798/0.8844 to 0.8982/0.9001 levels for the rest of the day.

 

Key intraday levels

USDCHF: 0.8798, 0.8844, 0.8982, 0.9001.

[Atlas CapitalFx]

Daily Technical Analysis for 3rd January 2014 from ACFX

 

EURUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/03%2001%202013/eurusddaily_zpsfc9a92e5.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 83 pips lower from its open whilst trading a 145 pip range.

 

Market overview

Following Friday’s breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. This move followed a correction and bounce off support and the 8 period moving averages.

 

Thursday’s price action saw EURUSD continue its correction down to the 34 period moving averages. I am monitoring the possibility of an upward bounce from this area.

 

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 25 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is this morning trading within the 1.3629/1.3675 previous day range low.

 

AS EURUSD is trading between the 1.3629/1.3675 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively EURUSD could continue to trade within the 1.3629/1.3675 area for the rest of the session.

 

Key intraday levels

EURUSD: 1.3629, 1.3675, 1.3791, 1.3819.

 

 

 

GBPUSD

 

http://i1359.photobucket.com/albums/q783/acfxuser1/03%2001%202013/gbpusddaily_zps50235cca.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 114 pips lower from its open whilst trading a 193 pip range.

 

Market overview

The price action continues to have a positive daily swing bias on both daily and weekly time frames.

Thursday’s price action can be viewed as a correction towards the 8 period moving averages. I am monitoring the possibility of further upside movement.

 

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 38 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is this morning trading within the 1.6409/1.6459, previous day range low.

 

AS GBPUSD is trading between the 1.6409/1.6459 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively GBPUSD could continue to trade within the 1.6409/1.6459 area for the rest of the session.

 

Key intraday levels

GBPUSD: 1.6409, 1.6459, 1.6570, 1.6603.

 

 

 

USDJPY

 

http://i1359.photobucket.com/albums/q783/acfxuser1/03%2001%202013/usdjpydaily_zpsaaf8de4b.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session 53 pips lower from its open whilst trading a 90 pip range.

 

Market overview

USDJPY continues to have a positive daily and weekly swing bias but is currently experiencing a downside correction.

Thursday’s price action can be viewed as a controlled correction down to the 8 period moving averages. I am monitoring the possibility of a return to the uptrend. However this morning’s has seen an acceleration of the down trend. Therefore there is potential of USDJPY moving down to the 34 period moving averages.

 

Focus on today

This morning USDJPY is trading below the previous day’s low and within a 78 pip early morning Tokyo session range.

 

Furthermore currently USDJPYis also trading between the 103.76/103.98 to 105.23/105.44 price congestion areas.

 

AS USDJPY is trading between the 103.76/103.98 to 105.23/105.44 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDJPY trades in between the 103.76/103.98 to 105.23/105.44 levels for the rest of the day.

 

Key intraday levels

USDJPY: 103.76, 103.98, 105.23, 105.44.

 

 

 

USDCHF

 

http://i1359.photobucket.com/albums/q783/acfxuser1/03%2001%202013/usdchfdaily_zps7b325966.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 70 pips higher from its open whilst trading a 119 pip range.

 

Market overview

USDCHF continues to have a negative daily and weekly swing bias as the price action prints new lower lows.

 

Thursday’s price action saw USDCHF trade aggressively higher as the price action broke above the 8 period moving averages. I am monitoring the price action as it trades around the down trend line and 34 period moving averages. A bounce off this area could possibly indicate a resumption of the down trend however a break above this area could potentially indicate an acceleration of upside momentum.

 

Focus on today

This morning USDCHF is trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is this morning trading within the 0.8986/ 0.9028 previous day range high.

 

AS USDCHF is trading between the 0.8986/ 0.9028 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively USDCHF could continue to trade within the 0.8986/ 0.9028 area for the rest of the session.

 

Key intraday levels

USDCHF: 0.8798, 0.8844, 0.8986, 0.9028.

[Atlas CapitalFx]

Daily Technical Analysis for 10th January 2014 from ACFX

 

EURUSD

 

http://www.acfx.com/content/images/eurusddaily.png

 

Yesterday’s summary

Yesterday’s trading saw EURUSD end the session 32 pips higher from its open whilst trading a 87 pip range.

 

Market overview

Following the breach of the 25th October pivot high the swing bias is now positive on both the daily and weekly time frames. However the recent bearish price action has led to the averages crossing negatively.

 

Thursday’s price action saw EURUSD trade down to the upward trend line where it found strong support. The effect was for EURUSD to trade and close higher. I am this morning monitoring the possibility that yesterdays move follows through into today’s trading day and for EURUSD trade higher. However a breach of trend line support could see EURUSD could see EURUSD trade down to the 1.3525 level which is a prior congestion area.

Focus on today

This morning EURUSD is trading within the previous day’s range and within a 17 pip early morning Tokyo session range.

 

Furthermore currently EURUSD is this morning trading within the 1.3546/1.3633 previous day range low.

 

AS EURUSD is trading between the 1.3546/1.3633 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively EURUSD could continue to trade within the 1.3546/1.3633 area for the rest of the session.

 

GBPUSD

 

http://www.acfx.com/content/images/gbpusddaily.png

 

Yesterday’s summary

Yesterday’s trading saw GBPUSD end the session 33 pips higher from its open whilst trading a 59 pip range.

 

Market overview

The price action continues to have a positive daily swing bias on both daily and weekly time frames. Following a correction down Fibonacci and trend line support it would appear that GBPUSD is attempting to resume its prior up trend.

Thursday’s price action saw GBPUSD continue to trade higher as it shadows the 8 period moving averages. This morning I am monitoring the possibility of a higher values for GBPUSD during today’s trading day. However a breach of yesterday’s low could see GBPUSD trade down to trend line support.

Focus on today

This morning GBPUSD is trading within the previous day’s range and within a 10 pip early morning Tokyo session range.

 

Furthermore currently GBPUSD is also trading between the 1.6336/1.6380 to 1.6570/1.6603 price congestion areas.

 

AS GBPUSD is trading between the 1.6336/1.6380 to 1.6570/1.6603 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that GBPUSD trades in between the 1.6380 to 1.6570 levels for the rest of the day.

 

USDJPY

 

http://www.acfx.com/content/images/usdjpydaily.png

 

Yesterday’s summary

Yesterday’s trading saw USDJPY end the session unchanged from its open whilst trading a 48 pip range.

 

Market overview

USDJPY continues to have a positive daily and weekly swing bias. After experiencing a minor controlled correction it would appear that USDJPY is attempting to resume its prior positive trend.

Thursday’s was a quiet day for USDJPY as it traded and closed around the 8 period moving averages. The price action this morning has opened up within yesterday’s range. A break above yesterday’s high or low could indicate the possible market direction for the day.

Focus on today

This morning USDJPYis trading within the previous day’s range and within a 20 pip early morning Tokyo session range.

 

Furthermore currently USDJPYis also trading between the 103.90/104.36 to 105.23/105.44 price congestion areas.

 

AS USDJPY is trading between the 103.90/104.36 to 105.23/105.44 price congestion areas, I am monitoring the potential for the price action to break up our break down into these areas.

 

Alternatively there is a possibility that USDJPY trades in between the 104.36 to 105.23 levels for the rest of the day.

 

USDCHF

 

http://www.acfx.com/content/images/usdchfdaily.png

 

Yesterday’s summary

Yesterday’s trading saw USDCHF end the session 37 pips lower from its open whilst trading a 62 pip range.

 

Market overview

USDCHF continues to have a negative daily and weekly swing bias however the recent prices action has seen USDCHF appreciate. The recent move has lead to the averages crossing positively.

 

Thursday’s price action finally saw USDCHF the first strong bearish activity in 8 days of trading. I am this morning monitoring the possibility of USDCHF resuming its daily and weekly down trend. However a sustained move back into the previous two days range high could see USDCHF continue with the recent positive correction.

Focus on today

This morning USDCHF is trading below the previous day’s low and within a 15 pip early morning Tokyo session range.

 

Furthermore currently USDCHF is this morning trading within the 0.9076/0.9127 previous day range high.

 

AS USDCHF is trading just above/beneath/between the 0.9076/0.9127 congestion range, I am monitoring the potential for the price action to break out or break down from this area.

 

Alternatively USDCHF could continue to trade within the 0.9076/0.9127 area for the rest of the session.

[Atlas CapitalFx]

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[Atlas CapitalFx]

Daily Technical Analysis

10th March 2014

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/10032014/eurusddaily_zps80bc1d4a.png

 

Friday summary

Friday traded a volatile session. This was mainly due to the US jobs report. However the price action did test and breach for a brief time the the high of the 27th December candle at 1.3893.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing high has effectively changed the daily trend to up. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened quietly and trading within the previous days range.

 

I am this morning monitoring the price action for a potential retest of the 1.3893 level

 

Alternatively if EURUSD fails to sustain a move higher there is a possibility the price action trades back up to the 8 period moving averages.

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/10032014/gbpusddaily_zpsa3c56ba9.png

 

Friday summary

Friday trading saw GBPUSD continue to find support at the 8 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades within the range of the previous day’s candle.

 

I am today monitoring the price action for a possible breach of 1.6822 levels being last week’s high.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action potentially move back to the 34 period moving averages.

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/10032014/usdjpydaily_zps72431b00.png

 

Friday summary

Friday USDJPY continued to trade higher before being turned back at the 103.74 resistance level.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY is trading at the lows of the previous day’s range.

 

Today I am monitoring USDJPY for a possible retest of the 103.74 level.

 

Alternatively a failure to sustain higher prices could see USDJPY trade back to the averages.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/10032014/usdchfdaily_zps669bf294.png

 

Friday summary

Friday USDCHF continued to trade lower as it traded down to the a previously broken down trend line.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened negatively as the price action trades within Friday range.

 

Today I am monitoring the price action for a sustained move beneath the 0.8776 level being the 28th February low.

 

Alternatively as the price action is now extended from its averages and with USDCHF trading at a previous broken trend line there is a possibility that we see a corrective bounce.

[Atlas CapitalFx]

Daily Technical Analysis

11th March 2014

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/11032014/eurusddaily_zps384994ef.png

 

Summary

Monday EURUSD traded within Friday’s range as the price action continued to test the high of the 27th December candle at 1.3893.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened negativly as it tests the bottom of Friday’s range.

 

I am this morning monitoring the price action for a potential retest of the 1.3893 level

 

Alternatively if EURUSD fails to sustain a move higher there is a possibility the price action trades back up to the 8 period moving averages.

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/11032014/gbpusddaily_zps7394c853.png

 

Summary

Monday GBPUSD broke down from the 8 period moving averages as the price action breached the 1.6639 level being the recen daily pivot low.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook.

 

Focus on today

This morning GBPUSD has opened neutral as the price action trades at the bottom of the range of the previous day’s candle.

 

I am today monitoring the price action for a possible test of the 34 period moving averages.

 

Alternatively if GBPUSD cannot sustain lower prices could see the price action potentially trade up to the 8 period moving averages.

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/11032014/usdjpydaily_zpsf8cc7436.png

 

Summary

Monday USDJPY traded within the range of Friday’s candle as price action traded between the 8 period moving averages and the 103.74 resistance level.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY is trading at the highs of the previous day’s range.

 

Today I am monitoring USDJPY for a possible retest of the 103.74 level.

 

Alternatively a failure to sustain higher prices could see USDJPY trade back to the averages.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/11032014/usdchfdaily_zpsd4f73c7e.png

 

Summary

Monday USDCHF trade within Monday’s candle as the price action tested but failed to sustain a move beneath the previously broken down trend line.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened positively as the price action trades above Mondays range.

 

Today I am monitoring the price action for a test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8755 level being the last isolated low.

[Atlas CapitalFx]

Daily Technical Analysis

12th March 2014

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/eurusddaily_zps4d3b51bd.png

 

Summary

Tuesday EURUSD traded within Monday’s range as the price action test 1.3835 support level.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened neutral as it trades within Friday’s range.

 

I am this morning monitoring the price action for a potential retest of the 1.3893 level

 

Alternatively if EURUSD fails to sustain a move higher there is a possibility the price action trades back up to the 8 period moving averages.

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/gbpusddaily_zpsfbcaffef.png

 

Summary

Tuesday GBPUSD continued its recent downward trajectory but eventually found support coming in at the 8 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recen daily pivot low has added a question to the overall health of the uptrend.

 

Focus on today

This morning GBPUSD has opened neutral as the price action trades within the range of the previous day’s candle.

 

I am today monitoring the price action for a possible test of the 34 period moving averages.

 

Alternatively if GBPUSD cannot sustain lower prices could see the price action potentially trade up to the 8 period moving averages.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/usdjpydaily_zps79cb2b73.png

 

Summary

Tuesday USDJPY continued to trade within the range of 8 period moving averages and the 103.74 resistance level.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY is trading at the highs of the previous day’s range.

 

Today I am monitoring USDJPY for a possible retest of the 103.74 level.

 

Alternatively a failure to sustain higher prices could see USDJPY trade back to the averages.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/usdchfdaily_zpsa90043c0.png

 

Summary

Tuesday USDCHF continued to trade within the range of the previous 3 day’s candle.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened positively as the price action trades within yesterday’s range.

 

Today I am monitoring the price action for a test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8755 level being the last isolated low.

[Atlas CapitalFx]

Daily Technical Analysis

13th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/eurusddaily_zps4d3b51bd.png

 

Summary

Wednesday EURUSD traded higher as the price action broke and closed above the 1.3893 resistance level.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened positivley as it trades above the 1.3915 level being the most recent high pivot.

 

I am this morning monitoring the price action for a potential for a test of the 1.4000 level.

 

Alternatively if EURUSD fails to sustain a move higher there is a possibility the price action trades back up to the 8 period moving averages.

 

 

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/gbpusddaily_zpsfbcaffef.png

 

Summary

Wedday GBPUSD continued to find support coming in at the 8 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recen daily pivot low has added a question to the overall health of the uptrend.

Focus on today

This morning GBPUSD has opened positively as the price action trades at 34 period moving average support areas.

 

I am today monitoring the price action for a possible test of the 8 period moving averages.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action once again trade back to the 34 period moving averages.

 

 

 

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/usdjpydaily_zps79cb2b73.png

 

Summary

Wednesday USDJPY continued to trade within the range of 8 period moving averages and the 103.74 resistance level.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY has breach the 8 period moving averages as the downside correction gathers pace.

 

Today I am monitoring a potential move back to the 34 period moving averages.

 

Alternatively a failure to sustain lower prices could see USDJPY retest of the 103.74 level.

 

 

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/usdchfdaily_zpsa90043c0.png

 

Summary

Wednesday USDCHF finally broke under the 0.8755 level as the downtrend resumed.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened negatively as the price action trades beneath yesterday’s range.

 

Today I am monitoring the price action for a continuation of the move lower and possibly to the 0.8875 level.

 

Alternatively a failure to sustain lower prices could see USDCHF trade back up to the 8 period moving averages.

 

 

 

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/12032014/golddaily_zps349da793.png

 

Summary

Wednesday Gold traded higher as the price action bounce off a recent pullback to the 8 period moving averages.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1.267.99 level being the swing high of the 10th December. The weekly time frame continues to point down however we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility. However first Gold will need to break above the large downward sloping trend line.

 

Focus on today

This morning USDCHF has opened positively as the price action trades up to the downward sloping trend line.

 

Today I am monitoring the price action for a continuation of the move higher and a potential breach of the downward sloping trend line.

 

Alternatively a failure to sustain higher prices could see Gold trade back up to the 8 period moving averages.

[Atlas CapitalFx]

Daily Technical Analysis

14th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/eurusddaily_zps1d8d6787.png

 

Summary

Thursday EURUSD experience a volatile trading session with the price action almost engulfing the prior days range.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened negativley as it trades at the lows of the previous days range and just above the 1.3835 suppor level.

 

I am this morning monitoring the price action for a potential for a test of the 1.4000 level.

 

Alternatively if EURUSD fails to resume its upward momentum there is a possibility the price action test support and trades back up to the 34 period moving averages.

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/gbpusddaily_zps043e7a4f.png

 

Summary

Thursday GBPUSD tested the 8 period moving averages following a bounce off the 34 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question to the overall health of the uptrend.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades between both moving average support areas.

 

I am today monitoring the price action for a possible test of the 8 period moving averages.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action once again test the 34 period moving averages.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/usdjpydaily_zps4a678d31.png

 

Summary

Thursday USDJPY broke down from moving average support as the price action traded back into the direction 101.00 level.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY has opened negatively as the price action trades at the lows of the previous day’s range.

 

Today I am monitoring a potential test of the 101.00 level.

 

Alternatively a failure to sustain lower prices could see USDJPY trade back up to the averages.

 

 

 

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/usdchfdaily_zps6bee9719.png

 

Summary

Thursday USDCHF bouced higher as the price action became extended from its averages.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened positively as the price action trades at the highs of yesterday’s range.

 

Today I am monitoring the price action for a continuation of the move back up to the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8875 level.

 

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/golddaily_zpsd395e8ba.png

 

Summary

Thursday Gold traded higher as the price action tested the downward sloping trendline.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The weekly time frame continues to point down however we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility. However first Gold will need to break above the large downward sloping trend line.

 

Focus on today

This morning Gold has opened quietly as the price action tests up to the downward sloping trend line.

 

Today I am monitoring the price action for a continuation of the move higher and a potential breach of the downward sloping trend line.

 

Alternatively a failure to sustain higher prices could see Gold trade back up to the 8 period moving averages.

 

 

 

 

Oil

 

http://i1340.photobucket.com/albums/o726/acfx2/14032014/wtidaily_zpsfa634ade.png

 

Summary

Thursday Oil traded at the lows of then previous days candle in what was a relativley small range day.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias.

 

Focus on today

This morning Oil has opened quietly as the price action trades within the previous day’s range.

 

Today I am monitoring the price action for a continuation of the move lower and into the direction of the 95.50 level.

 

Alternatively a failure to sustain lower prices could see Oil trade back up to the 8 period moving averages.

[Atlas CapitalFx]

Daily Technical Analysis

17th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/eurusddaily_zpsfc01a6b7.png

 

Summary

Friday EURUSD found support at the 8 period moving averages from where it traded and closed higher.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened quietly as it trades at the highs of the previous days range and just above the 1.3982 price level which corresponds to the 27th December isolated high.

 

I am this morning monitoring the price action for a potential for a test of the 1.4000 level.

 

Alternatively if EURUSD fails to resume its upward momentum there is a possibility the price action test support and trades back up to the 8 period moving averages.

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/gbpusddaily_zpsb709ad90.png

 

Summary

Friday GBPUSD traded throuhout the day between the 8 and 34 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question to the overall health of the uptrend.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades between both moving average support areas.

 

I am today monitoring the price action for a possible test of the 8 period moving averages.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action once again test the 34 period moving averages.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/usdjpydaily_zps0e28206a.png

 

Summary

Friday USDJPY continued to trade lower as the price action tested the 101 support area.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY has opened positively as the price action away from the 101.00 level.

 

Today I am monitoring a potential move to the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.00 level.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/usdchfdaily_zpsac49ad7a.png

 

Summary

Friday USDCHF traded throughout the day within Thursday’s range.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened positively as the price action trades within a two day range.

 

Today I am monitoring the price action for a test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8875 level.

 

 

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/golddaily_zpsd98b4a8e.png

 

Summary

Friday Gold traded and closed higher as the price action succesfullty tested the downward sloping trendline.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The weekly time frame continues to point down however we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility. The break above the large downward sloping trend line adds impetus to the current positive bias.

 

Focus on today

This morning Gold has opened positively as the price trades above Friday’s range.

 

Today I am monitoring the price action for a continuation of the move higher and into the direction of the 1433.70 level the 28th August high.

 

Alternatively a failure to sustain higher prices could see Gold trade back up to the 8 period moving averages.

 

 

 

Oil

 

http://i1340.photobucket.com/albums/o726/acfx2/17032014/wtidaily_zps8dcb3627.png

 

Summary

Friday Oil bounce higher as the price action makes an attempt to retrace to the 8 period moving averages.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias.

 

Focus on today

This morning Oil has opened quietly as the price action trades at the highs of Friday’s range.

 

Today I am monitoring the price action for a continuation of the move to the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see Oil trade back down to the 97.53 level being last week’s low.

[Atlas CapitalFx]

Daily Technical Analysis

18th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/eurusddaily_zps6f95f65e.png

 

Summary

Monday EURUSD continued to trade higher following its bounce off support at the 8 period moving averages.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened positivly as it trades at the highs of the previous days range and just above the 1.3982 price level which corresponds to the 27th December isolated high.

 

I am this morning monitoring the price action for a potential for a test of the 1.4000 level.

 

Alternatively if EURUSD fails to resume its upward momentum there is a possibility the price action test support and trades back up to the 8 period moving averages.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/gbpusddaily_zpse829e27c.png

 

Summary

Monday GBPUSD traded throuhout the day between the 8 and 34 period moving averages.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question to the overall health of the uptrend.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades between both moving average support areas.

 

I am today monitoring the price action for a possible test of the 8 period moving averages.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action once again test the 34 period moving averages.

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/usdjpydaily_zpsb7c5b8a5.png

 

Summary

Monday USDJPY traded higher following a bounce off the 101 support area.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame.

 

Focus on today

This morning USDJPY has opened positively as the price action trades at the highs of the previous day’s range.

 

Today I am monitoring a potential move to the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.00 level.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/usdchfdaily_zps3450dc2e.png

 

Summary

Monday USDCHF traded throughout the day within the range of the previous 2 days.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened quietly as the price action trades within a 3 day range.

 

Today I am monitoring the price action for a test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8875 level.

 

 

 

 

GOLD

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/golddaily_zps86698955.png

 

Summary

Monday Gold initially extended its move above the downward sloping trendline. However later in the day selling came into the market. This would lead to Gold breacing and closing beneath the downward sloping trendline.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The weekly time frame continues to point down however we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility. The break above the large downward sloping trend line adds impetus to the current positive bias.

 

Focus on today

This morning Gold has opened negatively as the price action trades down to the 8 period moving average support levels.

 

Today I am monitoring the price action for a retest of the downward sloping trendline and possible continuation of the move higher and into the direction of the 1433.70 level the 28th August high.

 

Alternatively a failure to sustain higher prices could see Gold test the 8 period moving averages.

 

 

 

 

OIL

 

http://i1340.photobucket.com/albums/o726/acfx2/18032014/wtidaily_zps55efd968.png

 

Summary

Monday Oil continue to experience a minor rally that led to a higher close. However failed to test the 8 period moving averages.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias.

 

Focus on today

This morning Oil has opened negatively with the price action testing the 97.53 level being last week’s low.

 

Today I am monitoring the price action for a breach of the 97.53 level being last week’s low.

 

Alternatively a failure to sustain lower prices could see Oil trade back up to the 8 period moving averages.

[Atlas CapitalFx]

Daily Technical Analysis

19th March 2014

 

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/eurusddaily_zpsb2f4739c.png

 

Summary

Tuesday EURUSD once again tested the 8 period moving averages before popping and closing higher on the day.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened negativley as it trades at the highs of the previous days range and just above the 1.3895 price level which corresponds to the 27th December isolated high.

 

I am this morning monitoring the price action for a potential for a test of the 1.4000 level.

 

Alternatively if EURUSD fails to resume its upward momentum there is a possibility the price action test support and trades back up to the 8 period moving averages.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/gbpusddaily_zpsc93da2cc.png

 

Summary

Tuesday GBPUSD breached the 34 period moving averages and the 1.6570 support level before ending the days business down on the day but above these key support levels.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question mark to the overall health of the uptrend.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades within the range of the previous days candle and beneath the 34 period moving averages.

 

I am today monitoring the price action for a possible test of the 1.6570 level.

 

Alternatively if GBPUSD cannot sustain lower prices could see the price action once again test the 1.6700.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/usdjpydaily_zpsda91a43d.png

 

Summary

Tuesday USDJPY traded lower as it once again attempted to test the 101 support area.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame. However a breach of the 101.19 level being the 4th March swing low would technically change the daily trend to down.

 

Focus on today

This morning USDJPY has opened positively as the price action trades within the range of the previous 4 day’s candles.

 

Today I am monitoring a potential test of the 101 level.

 

Alternatively a failure to sustain lower prices could see USDJPY trade up to the 34 period moving averages.

 

 

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/usdchfdaily_zps6b0a1eba.png

 

Summary

Tuesday USDCHF once again tested the 8 period moving averages however there was a rejection of higher prices and the price action eventually closed near to its open.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened quietly as the price action trades within a 4 day range.

 

Today I am monitoring the price action for a re-test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF test the 0.8875 level.

 

 

 

 

GOLD

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/golddaily_zps686f8cb8.png

 

Summary

Tuesday Gold continued to correctly to the downside and ultimatley closed beneath its 8 period moving averages.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The weekly time frame continues to point down however we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility. The break above the large downward sloping trend line adds impetus to the current positive bias. However the subsequent corrections lower needs to be monitored with support coming in at the 1320.00 level.

 

Focus on today

This morning Gold has opened negatively as the price action trades beneath the 8 period moving average and within the range of yesterday’s candle.

 

Today I am monitoring the price action for a test of the 8 period moving averages.

 

Alternatively a failure to sustain higher prices could see Gold trade into the direction of the 1320.00 support area.

 

 

 

 

OIL

 

http://i1340.photobucket.com/albums/o726/acfx2/19032014/wtidaily_zpsaf36b867.png

 

Summary

Tuesday Oil continue to trade in a narrow range as it tested the 8 period moving averages.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias. The recent price activity has see Oil trade down to an area of Fibonacci support which could potentially offer a buying opportunity.

 

Focus on today

This morning Oil has opened quietly with the price action trading within the previous day’s range.

 

Today I am monitoring the price action for a breach of the 97.53 level being last week’s low.

 

Alternatively a failure to sustain lower prices could see Oil trade back up to the 8 period moving averages.

[Atlas CapitalFx]

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[Atlas CapitalFx]

Daily Technical Analysis

20th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/eurusddaily_zpscc2e007a.png

 

Summary

Wednesday EURUSD broke lower from the 1.3895 support it what was an impressive one day correction.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened positivley as it trades at the lows of the previous days range.

 

I am this morning monitoring the price action for a potential move lower and a test of 34 period moving averages.

 

Alternatively if EURUSD fails to sustain lower prices here is a possibility that EURUSD trades back up to the 1.3895 resistance level.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/gbpusddaily_zps0ce2dd6d.png

 

Summary

Wednesday GBPUSD continued to traded under the 34 period moving averages and the 1.6570 support level and at one point was testing the upward sloping trend line.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question mark to the overall health of the uptrend. Furthermore breaches of moving average, horizontal and trend line support is adding to the downside pressure. However GBPUSD is now entering an area of Fibonacci support which could stall further downside price action.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades within the range of the previous days candle and at the upward sloping trend line.

 

I am today monitoring the price action for a bounce off trend line support and test of the 1.6570 level.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 61.8 Fibonacci level.

 

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/usdjpydaily_zps318fb6fd.png

 

Summary

Wednesday USDJPY bounce higher off the 101 support level in what turned out to be a strong rally.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame. However a breach of the 101.19 level being the 4th March swing low would technically change the daily trend to down.

 

Focus on today

This morning USDJPY has opened quietly as the price action trades at the highs of the previous day’s range.

 

Today I am monitoring a potential test of the 103.00 level.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 level.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/usdchfdaily_zps0042e5c0.png

 

Summary

Wednesday USDCHF slashed through the 8 period moving averages as the price action traded aggressivley higher.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias.

 

Focus on today

This morning USDCHF has opened quietly as the price action trades at the highs of the previous day’s range.

 

Today I am monitoring the price action for a test of the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF trade back to the 8 period moving averages.

 

 

 

 

GOLD

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/golddaily_zps1e69a6be.png

 

Summary

Wednesday the downside moment for Gold increased broke down aggressivley lower. The move lower has put the upward sloping trend line insight.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The break above the large downward sloping trend line adds impetus to the current positive swing bias. Furthermore we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility.

 

However the weekly time frame continues to point down. That the recent rejection of higher prices has come off a bounce from a downward sloping trend line and Fibonacci resistance level could indicate that the recent rally in Gold is part of a bigger cycle correction that ultimately sends Gold lower.

 

Focus on today

This morning Gold has opened quietly as the price action trades at the bottom of yesterdays range.

 

Today I am monitoring the price action for a potential bounce off the upward sloping trend line.

 

Alternatively a failure to sustain higher prices could see Gold test the upward trend line and move to the area of 1310 being a prior daily minor swing low.

 

 

 

OIL

 

http://i1340.photobucket.com/albums/o726/acfx2/20032014/wtidaily_zps851639df.png

 

 

Summary

Wednesday Oil continue to trade between the 98 and 100 range as the price action consolidates above Fibonacci support.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias. The recent price activity has seen Oil trade down to an area of Fibonacci support which could potentially offer a buying opportunities.

 

Focus on today

This morning Oil has opened positively with the price action trading above the previous day’s range.

 

Today I am monitoring the price action for a breach of the 100 level.

 

Alternatively a failure to sustain higher prices could see Oil trade back up to the 98 level.

[TraderWork]

Thank You very much

[TraderWork]

thanks man (:

[Atlas CapitalFx]

Daily Technical Analysis

21st March 2014

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/eurusddaily_zpsb52041e5.png

 

 

Summary

Thursday EURUSD continued to trade lower throughout the day’s trading nut the slide was halted at the 34 period moving where we witnessed a minor bounce higher.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend. However the recent correction has seen EURUSD trade back to its long average and just above the 50 to 78.6 Fibonacci support level.

 

Focus on today

This morning EURUSD has opened positivley as it trades at the lows of the previous days range.

 

I am this morning monitoring the price action for a potential move lower and a test of 34 period moving averages.

 

Alternatively if EURUSD fails to sustain lower prices here is a possibility that EURUSD trades back up to the 1.3895 resistance level.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/gbpusddaily_zpsf4e208de.png

 

Summary

Thursday GBPUSD continued to traded under the 34 period moving averages and the 1.6570 support level and has now broken under the upward sloping trend line.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question mark to the overall health of the uptrend. Furthermore breaches of moving average, horizontal and trend line support is adding to the downside pressure. However GBPUSD is now entering an area of Fibonacci support which could stall further downside price action.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades within the range of the previous days candle and beneath the upward sloping trend line.

 

I am today monitoring the price action for a bounce off Fibonacci support and test of the 1.6570 level.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 78.6 Fibonacci level.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/usdjpydaily_zpsb37fd7bc.png

 

Summary

Thursday USDJPY experienced a small range day as it traded at the highs to the recent up spike in prices.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame. However a breach of the 101.19 level being the 4th March swing low would technically change the daily trend to down. The recent price is now indicating that the 101.00 support level is likely to hold.

 

Focus on today

This morning USDJPY has opened quietly as the price action trades at the highs of Wednesdays range.

 

Today I am monitoring a potential test of the 103.00 level.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 level.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/usdchfdaily_zps3527e11e.png

 

Summary

Thursday USDCHF traded higher and its upward moment was only ended at the 34period moving averages.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias but the recent price action is beginning to take on a bullish feel to it. I am therefore monitoring signs for a base to built that will allow for further upside at least to the downward sloping trend line. However the bias does continue to be fixed to the downside therefore shorting rallies is still probably the most logical strategy to adopt.

 

Focus on today

This morning USDCHF has opened quietly as the price action trades within the previous day’s range.

 

Today I am monitoring the price action for a retest of the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF trade back to the 8 period moving averages.

 

 

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/golddaily_zps4556b49b.png

 

Summary

Thursday Gold traded down to the 34 period moving averages and upward sloping trendline but was not able to break through this support are.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The break above the large downward sloping trend line adds impetus to the current positive swing bias. Furthermore we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility.

 

However the weekly time frame continues to point down. That the recent rejection of higher prices has come off a bounce from a downward sloping trend line and Fibonacci resistance level could indicate that the recent rally in Gold is part of a bigger cycle correction that ultimately sends Gold lower.

 

Focus on today

This morning Gold has opened bullishly as the price action trades above yesterdays range.

 

Today I am monitoring the price action for a potential bounce off the upward sloping trend line.

 

Alternatively a failure to sustain higher prices could see Gold test the upward trend line and move to the area of 1310 being a prior daily minor swing low.

 

 

 

 

Oil

 

http://i1340.photobucket.com/albums/o726/acfx2/21032014/wtidaily_zps84761c69.png

 

Summary

Thursday Oil continue to trade between the 98 and 100 range as the price action consolidates above Fibonacci support.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias. The recent price activity has seen Oil trade down to an area of Fibonacci support which could potentially offer a buying opportunities.

 

Focus on today

This morning Oil has opened negatively with the price action trading within the previous day’s range.

 

Today I am monitoring the price action for a breach of the 100 level.

 

Alternatively a failure to sustain higher prices could see Oil test 98 level.

[Atlas CapitalFx]

http://i1340.photobucket.com/albums/o726/acfx2/DTA/DTA2_zps2553fa77.jpg

[Atlas CapitalFx]

Daily Technical Analysis

24th March 2014

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/eurusddaily_zps14ebf1c5.png

 

Summary

Friday EURUSD consolidated at the lows of the past two days downside correction and above the 34 period moving averages where we witnessed a minor bounce higher.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend. However the recent correction has seen EURUSD trade back to its long average and just above the 50 to 78.6 Fibonacci support level.

 

Focus on today

This morning EURUSD has opened quietly as it trades within the previous two days range.

 

I am this morning monitoring the price action for a potential move lower and a test of 34 period moving averages.

 

Alternatively if EURUSD fails to sustain lower prices there is a possibility that EURUSD trades back up to the 8 period moving averages.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/gbpusddaily_zps07abf3a0.png

 

Summary

Friday GBPUSD continued to traded under the 34 period moving averages, the 1.6570 support level and the upward sloping trend line.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question mark to the overall health of the uptrend. Furthermore breaches of moving average, horizontal and trend line support is adding to the downside pressure. However GBPUSD is now entering an area of Fibonacci support which could stall further downside price action.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades at the lows of this recent downside correction.

 

I am today monitoring the price action for a bounce off Fibonacci support and test of the 1.6570 level.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 78.6 Fibonacci level.

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/usdjpydaily_zps34055c70.png

 

Summary

Friday USDJPY experienced a small range day as it traded at the highs to the recent up spike in prices.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame. However a breach of the 101.19 level being the 4th March swing low would technically change the daily trend to down. The recent price action is now indicating that the 101.00 support level is likely to hold.

 

Focus on today

This morning USDJPY has opened positively as the price action trades above both averages.

 

Today I am monitoring a potential test of the 103.00 level.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 level.

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/usdchfdaily_zps55008c23.png

 

Summary

Friday USDCHF consolidated at the highs of the recent upside correction as the price action tests the 34 period moving averages.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias but the recent price action is beginning to take on a bullish feel to it. I am therefore monitoring signs for a base to built that will allow for further upside at least to the downward sloping trend line. However the bias does continue to be fixed to the downside therefore shorting rallies is still probably the most logical strategy to adopt.

 

Focus on today

This morning USDCHF has opened positively as the price action trades within the previous two day’s range.

 

Today I am monitoring the price action for a retest of the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF trade back to the 8 period moving averages.

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/golddaily_zps594e1931.png

 

Summary

Friday Gold continued to consolidate above the 34 period moving averages and upward sloping trendline.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The break above the large downward sloping trend line adds impetus to the current positive swing bias. Furthermore we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility.

 

However the weekly time frame continues to point down. That the recent rejection of higher prices has come off a bounce from a downward sloping trend line and Fibonacci resistance level could indicate that the recent rally in Gold is part of a bigger cycle correction that ultimately sends Gold lower.

 

Focus on today

This morning Gold has opened bearishly as the price action test support.

 

Today I am monitoring the price action for a potential bounce off the upward sloping trend line.

 

Alternatively a failure to sustain higher prices could see Gold test the upward trend line and move to the area of 1310 being a prior daily minor swing low.

 

 

Oil

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/wtidaily_zpsd9524ade.png

 

Summary

Friday Oil breifly spiked above the 100 level and ended the day fairly strongly but still closed between the 98 and 100 range as the price action continued to consolidated above Fibonacci support.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias. The recent price activity has seen Oil trade down to an area of Fibonacci support which could potentially offer a buying opportunities.

 

Focus on today

This morning Oil has opened negatively with the price action trading within the previous day’s range.

 

Today I am monitoring the price action for a breach of the 100 level.

 

Alternatively a failure to sustain higher prices could see Oil test 98 level.

 

 

 

 

AUDUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/24032014/audusddaily_zps3756e984.png

 

Summary

Friday AUDUSD closed strong with the price action ending the day above both averages.

 

Market overview

AUDUSD has been trading in a daily uptrend following the breach of the 0.9080 level being the swing high of the 18th February. However the weekly chart continues to trade in a weekly down trend.

 

Focus on today

This morning AUDUSD has opened with much activity as the price action initially put in a new high but them collapsed back to the 8 period moving averages where support held and buyers came into the market.

 

I am this morning monitoring the price action for a potential test of the 0.9137 level being last week’s high.

 

Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 34 period moving averages.

[Atlas CapitalFx]

Daily Technical Analysis

26th March 2014

 

 

 

 

EURUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/eurusddaily_zpse6ce219c.png

 

Summary

Tuesday EURUSD traded between and tested bo the the 8 and 34 period daily moving averages without being to sustain a break above or beneath either.

 

Market overview

EURUSD continues to trade in a daily uptrend following the breach of the 1.3741 level being the 24th January swing. This price action has put the daily time frame in gear with the positive weekly trend.

 

Focus on today

This morning EURUSD has opened quietly as it trades within the previous two days range.

 

I am this morning monitoring the price action for a potential move higher and a test of 8 period moving averages.

 

Alternatively if EURUSD fails to sustain higher prices there is a possibility that EURUSD trades back up to the 34 period moving averages.

 

 

 

 

GBPUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/gbpusddaily_zps735e4c00.png

 

Summary

Tuesday GBPUSD continued to traded under the 34 period moving averages, the 1.6570 support level and the upward sloping trend line.

 

Market overview

GBPUSD has traded above the 1.6668 being the prior isolated pivot high. This price activity has effectively changed the daily trend to up and puts it in line with the bullish weekly outlook. However the breach the 1.6639 level being the recent daily pivot low has added a question mark to the overall health of the uptrend. Furthermore breaches of moving average, horizontal and trend line support is adding to the downside pressure. However GBPUSD is now entering an area of Fibonacci support which could stall further downside price action.

 

Focus on today

This morning GBPUSD has opened quietly as the price action trades at the lows of this recent downside correction.

 

I am today monitoring the price action for a bounce off Fibonacci support and test of the 1.6570 resistance level.

 

Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 78.6 Fibonacci level.

 

 

 

 

USDJPY

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/usdjpydaily_zps5e155f5a.png

 

Summary

Tuesday USDJPY experienced a small range day as it continued to trade at the highs to the recent up spike in prices.

 

Market overview

The breach of the 102.83 level being the swing high of the 21st February has effectively changed the daily trend to up and therefore putting this time frame into gear with the bullish weekly time frame. However a breach of the 101.19 level being the 4th March swing low would technically change the daily trend to down. The recent price action is now indicating that the 101.00 support level is likely to hold.

 

Focus on today

This morning USDJPY has opened quietly as the price action trades at both averages.

 

Today I am monitoring a potential test of the 103.00 level.

 

Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 level.

 

 

 

USDCHF

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/usdchfdaily_zps4267248a.png

 

Summary

Tuesday USDCHF once again tested but could not sustain a close above the 34 period daily moving averages.

 

Market overview

USDCHF continues to trade in a negative daily and weekly swing bias but the recent price action is beginning to take on a bullish feel to it. I am therefore monitoring signs for a base to built that will allow for further upside at least to the downward sloping trend line. However the bias does continue to be fixed to the downside therefore shorting rallies is still probably the most logical strategy to adopt.

 

Focus on today

This morning USDCHF has opened quietly as the price action trades within the previous day’s range.

 

Today I am monitoring the price action for a retest of the 34 period moving averages.

 

Alternatively a failure to sustain higher prices could see USDCHF trade back to the 8 period moving averages.

 

 

 

 

 

 

Gold

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/golddaily_zps4d80b99f.png

 

Summary

Tuesday Gold traded at the lows of the recent large downside correction in what was a very small range day.

 

Market overview

Gold continues to trade in a daily uptrend following the breach of the 1267.99 level being the swing high of the 10th December. The break above the large downward sloping trend line adds impetus to the current positive swing bias. Furthermore we have witnessed a large multi month double bottom forming which could indicate a large upside trend reversal is a possibility.

 

However the weekly time frame continues to point down. That the recent rejection of higher prices has come off a bounce from a downward sloping trend line and Fibonacci resistance level could indicate that the recent rally in Gold is part of a bigger cycle correction that ultimately sends Gold lower.

 

Focus on today

This morning Gold has opened quietly as the price action tests the 1310.00 support level.

 

Today I am monitoring the price action to test the 1310.00 support level.

 

Alternatively a failure to sustain lower prices could see Gold test the upward sloping trend line and move and the 34 period moving averages.

 

 

 

Oil

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/wtidaily_zps7bf854aa.png

 

Summary

Tuesday Oil again breifly spiked above the 100 level but was not able to close above this level. Oil continues to trade between the 98 and 100 range as the price action continued to consolidated above Fibonacci support.

 

Market overview

Oil continues to trade in a daily uptrend following the breach of the 100.72 level being the swing high of the 24th December. The daily and weekly times both have a positive bias. The recent price activity has seen Oil trade down to an area of Fibonacci support which could potentially offer a buying opportunities.

 

Focus on today

This morning Oil has opened positively with the price action trading within the previous 3 day’s range.

 

Today I am monitoring the price action for a breach of the 100 level.

 

Alternatively a failure to sustain higher prices could see Oil test 98 level.

 

 

 

 

AUDUSD

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/audusddaily_zps503dfe4e.png

 

Summary

Tuesday AUDUSD continued to trade higher and closed above the 0.9135 level being a recent swing pivot high.

 

Market overview

AUDUSD has been trading in a daily uptrend following the breach of the 0.9080 level being the swing high of the 18th February. However the weekly chart continues to trade in a weekly down trend.

 

Focus on today

This morning AUDUSD has positivley as the price action trades above the highs of yesterday’s range and is approaching the 50% Fibonacci resistance level.

 

I am this morning monitoring the price action for a potential test of the Fibonacci resistance area.

 

Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back to the 8 period daily moving averages.

 

 

Dow30

 

http://i1340.photobucket.com/albums/o726/acfx2/26032014/ws30daily_zps00d3c4ef.png

 

Summary

Tuesday Dow30 continued to trade higher as it bounced off the 8 period daily moving averages.

 

Market overview

Dow30 has been trading in a daily down trend following the breach of the 015664 level being the swing low pivot of the 26th December. However the weekly chart continues to trade in a weekly up trend.

 

Focus on today

This morning Dow30 has positivley as the price action trades at the highs of yesterday’s range.

 

I am this morning monitoring the price action for a potential test of the 16447 level being last week’s high.

 

Alternatively if Dow30 fails to sustain higher prices there is a possibility that Dow30 tests the 8 period moving averages.