Atlas CapitalFx Posted May 13, 2014 Author Report Share Posted May 13, 2014 Daily Technical Analysis 13th May 2014 EURUSD http://s22.postimg.org/nnzfjantd/13_05eurusd_daily.png Summary Monday EURUSD traded in a small range for the entire days business. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. EURUSD has now moved into an area of Fibonacci support. This Fibonacci zone could possibly be viewed as a value area where longs could potentially be added. Focus on today This morning EURUSD has opened quietely as the price action trades at the lows Monday’s candle range. I am this morning monitoring the price action for a potential bounce back up to the 34 period daily moving averages and trend line resistance. Alternatively if EURUSD fails to sustain higher prices there is a possibility we see a test of Friday’s low and the 1.3672 level being the 4th April swing low. GBPUSD http://s22.postimg.org/ili3oiej5/13_05gbpusd_daily.png Summary Monday GBPUSD traded at tge lows of Friday’s candle range. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages appear to be offering strong support to the current up move. Focus on today This morning GBPUSD has opened quietly as the price action trades within Monday’s candle range. I am today monitoring the price action for a test of the 1.6795 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action bounce higher and test the 8 period daily moving averages. USDJPY http://s22.postimg.org/k5nfmwmxd/13_05usdjpy_daily.png Summary Monday USDJPY traded higher as the price action closed above prior three days candle ranges. 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. Following the corrective pull back it would appear that USDJPY has resumed its upward trend. However a sustained move beneath the 101.32 level being the 11th April swing low would put a big question mark against the health of this uptrend. Focus on today This morning USDJPY has opened positively as the price action trades tests the 34 period daily moving averages. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see USDJPY trade back to the 101.32 level being the 11th April swing low. USDCHF http://s22.postimg.org/69f7b0qoh/13_05usdchf_daily.png Summary Monday USDCHF continued to trade higher as the price action closed above Friday’s high. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Monday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and test Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. Gold http://s22.postimg.org/bsmc5zd3l/13_05xauusd_daily.png Summary Monday Gold experienced a volatile days trading as the price action traded both above and below its averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Monday’s candle ranges. Today I am monitoring the price action for Gold to test the 1270 support level. Alternatively a failure to sustain lower prices could see Gold trade back up to the 1310.00 resistance level. USDCAD http://s22.postimg.org/vodq7s4r5/13_05usdcad_daily.png Summary Monday USDCAD experienced a very quiet days trading following Friday’s impressive rally. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. Focus on today This morning USDCAD has opened quietly as the price trades within Monday’s candle range. I am this morning monitoring the price action for a potential test of trend line resistance. Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD trades back down to the Friday’s lows. AUDUSD http://s22.postimg.org/i51hftg5t/13_05audusd_daily.png Summary Monday AUDUSD had a quiet day as the price action tested the 0.9390 resistance level. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. Focus on today This morning AUDUSD has opened negatively as the price trades at the price action trades below Monday’s candle ranges. I am this morning monitoring the price action for a potential test of the of the 0.9390 resistance level. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the daily moving averages. Oil http://s22.postimg.org/u48e9dwcx/13_05oilusddaily.png Summary Monday Oil traded continued to trade within the 8 and 34 period daily 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 action has seen a strong downward correction and bounce off the 98.00 support level. Focus on today This morning Oil has opened quietly as the price action trades within Monday’s candle range. Today I am monitoring the price action for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 14, 2014 Author Report Share Posted May 14, 2014 Daily Technical Analysis 14th May 2014 EURUSD http://s13.postimg.org/n4zcjk0fr/14_05eurusd_daily.png Summary Tuesday EURUSD broke lower as it traded towards the 1.3672 level being the 4th April swing low. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. EURUSD has now traded deep into the Fibonacci support area. Focus on today This morning EURUSD has opened quietely as the price action trades at the lows Tuesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3672 level being the 4th April swing low. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see a move back to yesterday’s high. GBPUSD http://s13.postimg.org/5az94irzr/14_05gbpusd_daily.png Summary Tuesday GBPUSD closed lower as the price action moved into the direction of the 1.6795 support level. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages had been offering good support to this up move. However the recent price action has seen GBPUSD trade and close under this average for the past 3 periods. Focus on today This morning GBPUSD has opened quietly as the price action trades within Tuesday’s candle range. I am today monitoring the price action for a test of the 1.6795 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action bounce higher and test the 8 period daily moving averages. USDJPY http://s13.postimg.org/itaqujtiv/14_05usdjpy_daily.png Summary Tuesday USDJPY traded higher as the price action tested the 34 period daily moving averages. 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. Following the corrective pull back it would appear that USDJPY has resumed its upward trend. However a sustained move beneath the 101.32 level being the 11th April swing low would put a big question mark against the health of this uptrend. Focus on today This morning USDJPY has opened quietly as the price action trades within Tuesday’s candle ranges. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see USDJPY trade back to the 101.32 level being the 11th April swing low. USDCHF http://s13.postimg.org/pnl1k8m5z/14_05usdchf_daily.png Summary Tuesday USDCHF continued to trade higher as the price action moved towards the 0.8930 resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Tuesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and test Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. Gold http://s13.postimg.org/4bdjmk27r/14_05xauusd_daily.png Summary Tuesday Gold traded within Tuesday’s candle range for the entire day’s business. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Tuesday’s candle ranges. Today I am monitoring the price action for Gold to test the 1270 support level. Alternatively a failure to sustain lower prices could see Gold trade back up to the 1310.00 resistance level. USDCAD http://s13.postimg.org/m7obwxzjr/14_05usdcad_daily.png Summary Tuesday USDCAD traded higher as the price action tested the downward sloping trend line. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened quietly as the price trades within Tuesday’s candle range. I am this morning monitoring the price action for a potential test of trend line resistance. Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD trades back down to the Friday’s lows. AUDUSD http://s13.postimg.org/myh22q1x3/14_05audusd_daily.png Summary Tuesday AUDUSD had a quiet day as the price action tested the 0.9390 resistance level. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. More recently AUDUSD has bounced off trend line and moving average support and is once again testing the 0.9390 resistance level. Focus on today This morning AUDUSD has opened positively as the price trades at the price action trades above Tuesday’s candle ranges. I am this morning monitoring the price action for a potential test of the of the 0.9390 resistance level. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the daily moving averages. Oil http://s13.postimg.org/x9tevdtmf/14_05oilusddaily.png Summary Tuesday Oil broke higher as the price action closed above the 34 period daily 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened quietly as the price action trades at the highs of Tuesday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 15, 2014 Author Report Share Posted May 15, 2014 Daily Technical Analysis 15th May 2014 EURUSD http://s12.postimg.org/4u7dp5d71/15_05eurusd_daily.png Summary Wednesday EURUSD experienced a quiet day as the price action traded at the lows of Tuesday’s candle range. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. EURUSD has now traded deep into the Fibonacci support area. Focus on today This morning EURUSD has opened quietely as the price action trades within Wednesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3672 level being the 4th April swing low. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see a move back to Tuesday’s high. GBPUSD http://s12.postimg.org/hqtwj2jnx/15_05gbpusd_daily.png Summary Wednesday GBPUSD traded lower as the price action breached the 1.6795 support level and tested moving average and trend line support. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages had been offering good support to this up move. However the recent price action has seen GBPUSD trade and close under this average for the past 4 periods. Focus on today This morning GBPUSD has opened quietly as the price action trades within Wednesday’s candle range. I am today monitoring the price action for a test of the 1.6700 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action bounce higher and test the 1.6795 resistance level. USDJPY http://s12.postimg.org/axoy923gt/15_05usdjpy_daily.png Summary Wednesday USDJPY traded lower as the price action tested the 101.70 support 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. Following the corrective pull back it would appear that USDJPY has resumed its upward trend. However a sustained move beneath the 101.32 level being the 11th April swing low would put a big question mark against the health of this uptrend. Focus on today This morning USDJPY has opened quietly as the price action trades within Wednesday’s candle ranges. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see USDJPY trade back to the 101.32 level being the 11th April swing low. USDCHF http://s12.postimg.org/6v2inpyq5/15_05usdchf_daily.png Summary Wednesday USDCHF experienced a quiet day as the price action failed to test the 0.8930 resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Wednesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and test Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. Gold http://s12.postimg.org/gr3lnd4i5/15_05xauusd_daily.png Summary Wednesday Gold broke higher as the price action tested the 1310.00 resistance level. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Wednesday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. USDCAD http://s12.postimg.org/osn8rixvx/15_05usdcad_daily.png Summary Wednesday USDCAD tested but failed to breach the downward sloping trend line. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened negatively as the price action has broken down from the downward sloping trend line. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retests the downward sloping trend line. AUDUSD http://s12.postimg.org/t4gfu9u6l/15_05audusd_daily.png Summary Wednesday AUDUSD made a strong effort to break above the 0.9390 resistance level. However by the close of business the price action failed to close above this level. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. More recently AUDUSD has bounced off trend line and moving average support and is once again testing the 0.9390 resistance level. Focus on today This morning AUDUSD has opened positively as the price trades at the price action trades within Wednesday’s candle ranges. I am this morning monitoring the price action for a potential test of the of the 0.9390 resistance level. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the daily moving averages. Oil http://s12.postimg.org/nb1sfyt59/15_05oilusddaily.png Summary Wednesday Oil traded higher but was not able to test the 103.00 resistance level. 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened quietly as the price action trades within Wednesday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 16, 2014 Author Report Share Posted May 16, 2014 Daily Technical Analysis 16th May 2014 EURUSD http://www.acfx.com/content/images/16.05eurusd_daily.png Summary Thursday EURUSD spiked lower as it traded under the 1.3672 level being the 4th April swing low. However EURUSD was not able to sustain the move lower. Buyers did come into the market at support which had the result of EURUSD pairing most of its losses. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. EURUSD has now traded deep into the Fibonacci support area. Yesterday’s price action and more specifically the reject of lower prices at support opens up the possibility for a move back up to the averages. Focus on today This morning EURUSD has opened quietely as the price action trades within Thursday’s candle range. I am this morning monitoring the price actions for a potential move back up to the averages. Alternatively if EURUSD fails to sustain higher prices there is a possibility we see a retest of the 1.3672 level being the 4th April swing low. GBPUSD http://www.acfx.com/content/images/16.05gbpusd_daily.png Summary Thursday GBPUSD traded lower as the price action continued to test moving average and trend line support. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages had been offering good support to this up move. However the recent price action has seen GBPUSD break under this average and now test trend line support. From a weekly perspective the price action is now testing the 8 period weekly moving averages. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Thursday’s candle range. I am today monitoring the price action for a test of the 1.6700 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action bounce higher and test the 1.6795 resistance level. USDJPY http://www.acfx.com/content/images/16.05usdjpy_daily.png Summary Thursday USDJPY traded lower as the price action closed under the 101.70 support 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. Following the corrective pull back it would appear that USDJPY has resumed its upward trend. However a sustained move beneath the 101.32 level being the 11th April swing low would put a big question mark against the health of this uptrend. Focus on today This morning USDJPY has opened quietly as the price action trades within Thursday’s candle ranges. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see USDJPY trade back to the 101.32 level being the 11th April swing low. USDCHF http://www.acfx.com/content/images/16.05usdchf_daily.png Summary Thursday USDCHF spiked higher as the price action breached the 0.8930 resistance level and moved into the Fibonacci resistance level. However the move higher was viewed as a shorting opportunity by bears and this led to a substantial sell off. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Thursday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and test Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. AUDUSD http://www.acfx.com/content/images/16.05audusd_daily.png Summary Thursday AUDUSD traded lower as the price action tested the 34 period daily moving 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. More recently AUDUSD has bounced off trend line and moving average support and is once again testing the 0.9390 resistance level. Focus on today This morning AUDUSD has opened quietly as the price trades within Thursday’s candle ranges. I am this morning monitoring the price action for a potential test of the of the 0.9390 resistance level. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the daily moving averages. GOLD http://www.acfx.com/content/images/16.05xauusd_daily.png Summary Thursday Gold traded lower as the price action traded back down to the averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Thursday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. OIL http://www.acfx.com/content/images/16.05oilusddaily.png Summary Thursday Oil traded traded lower as the price action tested the 34 period daily 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened quietly as the price action trades within Thursday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. USDCAD http://www.acfx.com/content/images/16.05usdcad_daily.png Summary Thursday USDCAD traded lower as the price action traded down from the averages. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened quietley as the price action trades within Thursday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retests the downward sloping trend line. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 19, 2014 Author Report Share Posted May 19, 2014 (edited) Daily Technical Analysis 19th May 2014 EURUSD http://s27.postimg.org/qdahdzd03/19_05eurusd_daily.png Summary Friday EURUSD experienced a quiet day as the price action traded within Thursday’s range. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. EURUSD has now traded deep into the Fibonacci support area. The recent reject of lower prices at support opens up the possibility for a move back up to the averages. Focus on today This morning EURUSD has opened positivley as the price action tests the highs of Friday’s candle range. I am this morning monitoring the price actions for a potential move back up to the averages. Alternatively if EURUSD fails to sustain higher prices there is a possibility we see a retest of Friday’s low. GBPUSD http://s27.postimg.org/ok7kpnrtf/19_05gbpusd_daily.png Summary Friday GBPUSD traded lower as the price action tested the 8 period moving averages and closed above trend line support. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages had been offering good support to this up move. However the recent price action has seen GBPUSD break under this average and now test trend line support. From a weekly perspective the price action is now testing the 8 period weekly moving averages. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Friday’s candle range. I am today monitoring the price action for a test of the 8 period moving averages. Alternatively if GBPUSD cannot sustain higher prices could see the price action back to the the 1.6795 resistance level. USDJPY http://s27.postimg.org/qh4au8ihf/19_05usdjpy_daily.png Summary Friday USDJPY experienced a quiet day as the price action traded within Thursday’s range. 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. Following the corrective pull back it would appear that USDJPY has resumed its upward trend. However a sustained move beneath the 101.32 level being the 11th April swing low would put a big question mark against the health of this uptrend. Focus on today This morning USDJPY has opened negatively as the price action test the lows of Friday’s candle ranges. Today I am monitoring USDJPY for a test of the 101.00 level. Alternatively a failure to sustain lower prices could see USDJPY trade back to the 101.70 level. USDCHF http://s27.postimg.org/9a7pigwb7/19_05usdchf_daily.png Summary Friday USDCHF experienced a quiet day as the price action traded within Thursday’s range. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Friday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. Gold http://s27.postimg.org/58qmct40j/19_05xauusd_daily.png Summary Friday Gold experienced a quiet day as the price action traded around the averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Friday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. USDCAD http://s27.postimg.org/bnpn9haqb/19_05usdcad_daily.png Summary Friday USDCAD traded lower as the price action traded down from the averages. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened quietley as the price action trades within Friday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retests the downward sloping trend line. AUDUSD http://s27.postimg.org/sqsf4zrf7/19_05audusd_daily.png Summary Friday AUDUSD experienced a quiet day as the price action traded within Thursday’s range. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. More recently AUDUSD has bounced off trend line and moving average support and is once again testing the 0.9390 resistance level. Focus on today This morning AUDUSD has opened quietly as the price trades within Friday’s candle ranges. I am this morning monitoring the price action for a potential test of the of the 0.9390 resistance level. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD trades back down to the daily moving averages. Oil http://s27.postimg.org/cm60bro2b/19_05oilusddaily.png Summary Friday Oil traded traded higher as the price action bounced off the 34 period daily 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened positively as the price action trades above Friday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. Edited May 19, 2014 by Atlas CapitalFx Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 20, 2014 Author Report Share Posted May 20, 2014 Daily Technical Analysis 20th May 2014 EURUSD http://s18.postimg.org/pza2yzqux/20_05eurusd_daily.png Summary Monday EURUSD traded most of the day marginally higher as the price action tested the highs of the previous 3 day range. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. The recent rejection of lower prices at the 1.3672 support level being the swing low of the 4th April and bounce off the 34 period weekly moving averages has opened up the possibility for a move back up to the averages. However that the price action is now trading at the 8 period daily moving averages draws our attention is drawn to a potential negative rotation at an area of resistance. Focus on today This morning EURUSD has opened quietley as the price action trades within Monday’s candle range. I am this morning monitoring the price actions for a potential test of the 8 period daily moving averages. Alternatively if EURUSD fails to sustain higher prices there is a possibility we see a retest of 1.3764 level being the swing low. GBPUSD http://s18.postimg.org/3r63lux89/20_05gbpusd_daily.png Summary Monday GBPUSD experienced a quiet day with the price action confined within the averages. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. The 8 period daily moving averages had been offering good support to this up move. However the recent price action has seen GBPUSD break under this average and now test trend line support. From a weekly perspective the price action is now testing the 8 period weekly moving averages. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Monday’s candle range. I am today monitoring the price action for a test of the 8 period moving averages. Alternatively if GBPUSD cannot sustain higher prices could see the price action back to the 1.6795 support level. USDJPY http://s18.postimg.org/a2bb29ygp/20_05usdjpy_daily.png Summary Monday USDJPY spiked lower as the price action tested the 101.00 level. However by the close of business USJPY had paired most of its losses. Market overview Yesterday’s breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the move beneath the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. Focus on today This morning USDJPY has opened quietly as the price action trades within Monday’s candle ranges. Today I am monitoring USDJPY for a test of the 101.00 level. Alternatively a failure to sustain lower prices could see USDJPY trade back to the 101.70 level. USDCHF http://s18.postimg.org/mnbs5oz3t/20_05usdchf_daily.png Summary Monday USDCHF experienced a quiet day as the price action traded within Thursday’s range. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Monday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF trade back down to the averages. Gold http://s18.postimg.org/ilup016t5/20_05xauusd_daily.png Summary Monday Gold experienced a quiet day as the price action traded around the averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Monday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. USDCAD http://s18.postimg.org/etb6karax/20_05usdcad_daily.png Summary Monday USDCAD traded higher as the price action traded back up to the averages. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened positivley as the price action trades above Monday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retests the downward sloping trend line. AUDUSD http://s18.postimg.org/mkrwiuvg9/20_05audusd_daily.png Summary Monday AUDUSD traded lower as the price action tested the 34 period daily moving 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. Furthermore this morning we have witnessed a break beneath the averages and trend line support. The opens up a possibility of a lower high forming which adds further weight to the short side. Focus on today This morning AUDUSD has opened negatively as the price trades under the averages and trend line support. I am this morning monitoring the price action for a potential sustained move under trend line support. Alternatively if AUDUSD fails to sustain lower prices there is a possibility that AUDUSD trades back up to the broken trend line. Oil http://s18.postimg.org/elnjnsgc9/20_05oilusddaily.png Summary Monday Oil traded traded higher as the price action moved into the direction of the 103 resistance level. However by the closed of business Oil had lost the majority of its gains. 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened positively as the price action within Monday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 100.00 price levels. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 21, 2014 Author Report Share Posted May 21, 2014 Daily Technical Analysis 21st May 2014 EURUSD http://s29.postimg.org/tk701gmwn/21_05eurusddaily.png Summary Tuesday EURUSD experienced a quiet days trade as the price action traded marginally lower. However by the end of business EURUSD had paired the majority of its losses. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly price action continues trend in an upward direction. The recent rejection of lower prices at the 1.3672 support level being the swing low of the 4th April and bounce off the 34 period weekly moving averages has opened up the possibility for a move back up to the daily averages. However that the price action is now trading at the 8 period daily moving averages draws our attention is drawn to a potential negative rotation at an area of resistance. Focus on today This morning EURUSD has opened quietley as the price action trades within Tuesday’s candle range. I am this morning monitoring the price actions for a potential test of the 8 period daily moving averages. Alternatively if EURUSD fails to sustain higher prices there is a possibility we see a retest of 1.3764 level being the swing low. GBPUSD http://s29.postimg.org/dxfqo394n/21_05gbpusd_daily.png Summary Tuesday GBPUSD traded marginally higher as the price action bounced off the averages and trend line support. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently GBPUSD has managed to break above its daily moving averages which can be seen positively for GBPUSD. From a weekly perspective the price action is now testing the 8 period weekly moving averages. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Tuesday’s candle range. I am today monitoring the price action for a sustained move above the 8 period moving averages. Alternatively if GBPUSD cannot sustain higher prices could see the price action back to the 1.6795 support level. USDJPY http://s29.postimg.org/nqwy0wb93/21_05usdjpy_daily.png Summary Tuesday USDJPY resumed its bearish momentum as the price action moved away from the 101.70 resistance level and 8 period daily moving averages. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the move beneath the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. Focus on today This morning USDJPY has opened negatively as the price action tests within Tuesday’s candle ranges. Today I am monitoring USDJPY for a test of the 101.00 level. Alternatively a failure to sustain lower prices could see USDJPY trade back to the 101.70 level. USDCHF http://s29.postimg.org/slqmz69kn/21_05usdchf_daily.png Summary Tuesday USDCHF experienced a quiet day as the price action tested the 0.8930 resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Tuesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF test the 8 period daily moving averages. Gold http://s29.postimg.org/xlo374f7b/21_05xauusd_daily.png Summary Tuesday Gold experienced a quiet day as the price action traded around the averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Tuesday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. USDCAD http://s29.postimg.org/nykkxem7r/21_05usdcad_daily.png Summary Tuesday USDCAD traded higher as the price action tested the downward sloping trend line. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to the 8 period daily moving averages and trend line resistance which could possibly be viewed as a value area to add shorts. Focus on today This morning USDCAD has opened quietley as the price action trades at the highs of Tuesday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD trades up to the 1.0940 resistance level. AUDUSD http://s29.postimg.org/4odkdz08n/21_05audusd_daily.png Summary Tuesday AUDUSD continued to trade lower as the price action broke trend line support and traded towards the 0.9200 level being the 2nd May swing low. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. Yesterday’s downside break opens up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. Focus on today This morning AUDUSD has opened negatively as the price trades under Tuesday’s candle ranges. I am this morning monitoring the price action for a potential a test of the 0.9200 level being the 2nd May swing low. Alternatively if AUDUSD fails to sustain lower prices there is a possibility that AUDUSD trades back up to the broken trend line. Oil http://s29.postimg.org/4ffzo1ng7/21_05oilusddaily.png Summary Tuesday Oil found support at its averages and broke higher as the price action tested the 103.00 resistance level. 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 action has seen a strong bounce off the 98.00 and 100.00 support level. Focus on today This morning Oil has opened quietly as the price action at the highs Tuesday’s candle range. Today I am monitoring the price action for a test of the 103.00 resistance level. Alternatively a failure to sustain higher prices could see Oil trade back down to its averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 28, 2014 Author Report Share Posted May 28, 2014 Daily Technical Analysis 28th May 2014 EURUSD http://www.acfx.com/content/images/28.05eurusddaily.png Summary Tuesday EURUSD traded lower in what was a good range day. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. The past three days price action has seen a sustained move under this last support level. Focus on today This morning EURUSD has opened quietly as the price action trades within Tuesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3550 support level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back up to the 1.3670 level. GBPUSD http://www.acfx.com/content/images/28.05gbpusd_daily.png Summary Tuesday GBPUSD traded marginally lower as the price action tested the 1.6795 support level. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently GBPUSD has managed to break above its daily moving averages which can be seen positively for GBPUSD. From a weekly perspective the price action is now testing the 8 period weekly moving averages. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Tuesday’s candle range. I am today monitoring the price action for a sustained move above the 8 period moving averages. Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 1.6795 support level. USDJPY http://www.acfx.com/content/images/28.05usdjpy_daily.png Summary Tuesday USDJPY traded within the 8 and 34 period daily moving averages. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the breach of the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. Focus on today This morning USDJPY has opened quietly as the price action tests within Tuesday’s candle ranges. Today I am monitoring USDJPY for a test of the 101.70 level. Alternatively a failure to sustain lower prices could see USDJPY test the 34 period daily moving averages. USDCHF http://www.acfx.com/content/images/28.05usdchf_daily.png Summary Tuesday USDCHF experienced a strong up day as the price action tested the 61.8% Fibonacci resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Tuesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF test the 8 period daily moving averages. AUDUSD http://www.acfx.com/content/images/28.05audusd_daily.png Summary Tuesday AUDUSD continued to trade higher as the price action tested the 8 period daily moving 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opens up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. Focus on today This morning AUDUSD has opened quietly as the price trades under Tuesday’s candle ranges. I am this morning monitoring the price action for a potential a test of the 34 period daily moving averages. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 34 period daily moving averages. GOLD http://www.acfx.com/content/images/28.05xauusd_daily.png Summary Thursday Gold traded lower as the price action traded back down to the averages. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. A breach of the 1270.00 support level would confirm the daily down trend. However the recent price action has seen a rejection of the 1270 support level and a move above the 1306 level being the swing high of the 28th April. Focus on today This morning Gold has open quietly as it trades within Thursday’s candle ranges. Today I am monitoring the price action for Gold to test the 1310.00 resistance level. Alternatively a failure to sustain higher prices could see Gold trade back up to the 1270.00 support level. OIL http://www.acfx.com/content/images/28.05oilusddaily.png Summary Tuesday Oil continues to trade above the 8 period daily moving averages as the price action moves into the direction of the prior 2014 highs. 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 action has seen a strong bounce off the 98.00 and 100.00 support level. I am monitoring the price action for a move up to the 105.00 level being the April high. Focus on today This morning Oil has opened quietly as the price action at the highs Tuesday’s candle range. Today I am monitoring the price action for a test of the 105.00 level being the April high. Alternatively a failure to sustain higher prices could see Oil trade back down to its averages. USDCAD http://www.acfx.com/content/images/28.05usdcad_daily.png Summary Tuesday USDCAD traded lower as the price action traded back down to the prior broken downward sloping trend line. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to and breach both the 8 period daily moving averages and trend line resistance. The price action rejected its attempt to breach the 34 period daily moving averages. A failure to sustain a move above this average opens up the possibility of a resumption of the daily down trend. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. Focus on today This morning USDCAD has opened quietley as the price action trades at the highs of Tuesday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retest the broken 34 period daily moving averages. 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Atlas CapitalFx Posted May 29, 2014 Author Report Share Posted May 29, 2014 Daily Technical Analysis 29th May 2014 EURUSD http://s21.postimg.org/4bt7kqmd3/29_05eurusddaily.png Summary Wednesday EURUSD traded lower as the price action tested the 78.6% Fibonacci support level. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive. More recently we have seen an extended move lower that has traded beneath multiple prior pivot levels. The next major price target being 1.3476 being the 3rd February swing low. Focus on today This morning EURUSD has opened quietly as the price action trades within Wednesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3476 support level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back up to the 1.3670 level. GBPUSD http://s21.postimg.org/u3ej9xtbr/29_05gbpusd_daily.png Summary Wednesday GBPUSD traded lower as the price action tested the 1.6700 support level. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. Yesterday’s move lower traded aggressively as the price action traded under the 1.6731 level being the minor pivot low of the 15th May. This move lower does put a question mark on the health of the daily up trend. From a weekly perspective the price action is now trading under the 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which comes in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades at the lows of Wednesday’s candle range. I am today monitoring the price action for a test of the 1.6700 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action test the 1.6795 level. USDJPY http://s21.postimg.org/vnogm2r3r/29_05usdjpy_daily.png Summary Wednesday USDJPY tested the 101.70 support level as the price action traded within the 8 and 34 period daily moving averages. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the breach of the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. Focus on today This morning USDJPY has opened quietly as the price action tests within Wednesday’s candle ranges. Today I am monitoring USDJPY for a test of the 101.70 level. Alternatively a failure to sustain lower prices could see USDJPY test the 34 period daily moving averages. USDCHF http://s21.postimg.org/3ouav7ph3/29_05usdchf_daily.png Summary Wednesday USDCHF traded higher as the price action tested the 61.8% Fibonacci resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Wednesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF test the 8 period daily moving averages. Gold http://s17.postimg.org/favckkz1b/29_05xauusd_daily.png Summary Wednesday Gold continued to trade lower as the price action broke under the 61.8% Fibonacci support level. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend. Focus on today This morning Gold has open negatively as the price action trades below Wednesday’s candle ranges. Today I am monitoring the price action for Gold to test the 1250.00 support level. Alternatively a failure to sustain lower prices could see Gold trade back up to the averages. USDCAD http://s21.postimg.org/7g3vhj35j/29_05usdcad_daily.png Summary Wednesday USDCAD experience a positive day as the price action traded above the prior broken downward sloping trend line and tested the 8 period daily moving averages. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to and breach both the 8 period daily moving averages and trend line resistance. The price action rejected its attempt to breach the 34 period daily moving averages. A failure to sustain a move above this average opens up the possibility of a resumption of the daily down trend. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. Focus on today This morning USDCAD has opened quietley as the price action trades within Wednesday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retest the broken 34 period daily moving averages. AUDUSD http://s21.postimg.org/k4tkngjw7/29_05audusd_daily.png Summary Wednesday AUDUSD closed lower as the price action rejected a move into the 8 period daily moving 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opens up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. Focus on today This morning AUDUSD has opened strongly as the price trades above Wednesday’s candle ranges. I am this morning monitoring the price action for a potential a test of the 34 period daily moving averages. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests 0.9200 level being the 2nd May swing low. Oil http://s21.postimg.org/3l0heyjzr/29_05oilusddaily.png Summary Wednesday Oil broke lower as the price action traded under the 8 period daily moving averages. The move lower was only halted when the price action tested the 103.00 support level. 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 action has seen a strong bounce off the 98.00 and 100.00 support level. I am monitoring the price action for a move up to the 105.00 level being the April high. Focus on today This morning Oil has opened quietly as the price action at the lows Wednesday’s candle range. Today I am monitoring the price action for a test of the 34 period daily moving averages. Alternatively a failure to sustain lower prices could see Oil trade up to the 105.00 level being the April high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted June 2, 2014 Author Report Share Posted June 2, 2014 Daily Technical Analysis 2nd June 2014 EURUSD http://s12.postimg.org/8n2aad5il/02_06eurusd_daily.png Summary Friday EURUSD reversed its downward momentum as the price action traded above the highs of the previous two days ranges. The up move was only halted at the 8 period daily moving averages. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive. More recently we have seen an extended move lower that has traded beneath multiple prior pivot levels. The next major price target being 1.3476 being the 3rd February swing low. Focus on today This morning EURUSD has opened quietly as the price action trades within Friday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3550 support level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back up to the 1.3670 level. GBPUSD http://s12.postimg.org/adlbbun1p/02_06gbpusd_daily.png Summary Friday GBPUSD traded higher as the price action bounced off the 1.6700 support level. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. However the recent move lower has seen the price action trade under the 1.6731 level being the minor pivot low of the 15th May. This move lower does put a question mark on the health of the daily up trend. From a weekly perspective the price action is now trading under the 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Friday’s candle range. I am today monitoring the price action for a test of the 1.6795 resistance level. Alternatively if GBPUSD cannot sustain higher prices could see the price action test the 1.6700 level. USDJPY http://s12.postimg.org/8fenduujx/02_06usdjpy_daily.png Summary Friday USDJPY experience a quiet day as the price action initially tested but closed above the 101.70 support level. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the breach of the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. Focus on today This morning USDJPY has opened bullishly as the price action trades above Friday’s candle ranges. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 support level. USDCHF http://s12.postimg.org/7akl8h831/02_06usdchf_daily.png Summary Friday USDCHF traded traded lower as the price action tested and closed under the 8 period daily moving averages. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving into the direction of Fibonacci resistance. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Friday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher and retest Fibonacci resistance. Alternatively a failure to sustain higher prices could see USDCHF move into the direction of the 34 period daily moving averages. Gold http://s12.postimg.org/p1w7mxnhp/02_06xauusd_daily.png Summary Friday Gold continued to trade lower as the price action tested the 1250 support level. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend. Focus on today This morning Gold has open bearishly as the price action trades within Friday’s candle ranges. Today I am monitoring the price action for Gold to close under the 1250.00 support level. Alternatively a failure to sustain lower prices could see Gold trade back up to the averages. USDCAD http://s12.postimg.org/4kb9babe5/02_06usdcad_daily.png Summary Friday USDCAD experienced a quiet day with the price action being squeezed between the downward sloping trend line and the 8 period daily moving averages. Market overview USDCAD is trading in a weekly uptrend however the daily trend has recently changed to negative. The breach of the 1.0857 level being the daily swing low of the 9th April will open up the possibility for a further move lower down to the 1.0790 support level. More recently USDCAD has corrected back to and breach both the 8 period daily moving averages and trend line resistance. The price action rejected its attempt to breach the 34 period daily moving averages. A failure to sustain a move above this average opens up the possibility of a resumption of the daily down trend. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. Focus on today This morning USDCAD has opened quietley as the price action trades within Friday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0790 support level. Alternatively if the price action fails to sustain lower prices there is a possibility that USDCAD retest the broken 34 period daily moving averages. AUDUSD http://s12.postimg.org/5nvdn8w19/02_06audusd_daily.png Summary Friday AUDUSD attempted to test the 34 period daily moving averages. However by the close of business the price action close near its open. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. However the recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend. Focus on today This morning AUDUSD has opened bearishly as the price trades under Friday’s candle ranges. I am this morning monitoring the price action for a potential a test of the 0.9200 level being the 2nd May swing low. Alternatively if AUDUSD fails to sustain lower prices there is a possibility that AUDUSD trade back up to the last weeks highs. Oil http://s12.postimg.org/7ytfrf6st/02_06oilusddaily.png Summary Friday Oil traded lower with the price action closing under both the 103.00 support level and the 8 period daily 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 action has seen a strong bounce off the 98.00 and 100.00 support level. I am monitoring the price action for a move up to the 105.00 level being the April high. Focus on today This morning Oil has opened bullishly as the price action bounces of the 103.00 support level. Today I am monitoring the price action for a test of the 8 period daily moving averages. Alternatively a failure to sustain higher prices could see Oil trade down to the 103.00 level being the April high. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted June 5, 2014 Author Report Share Posted June 5, 2014 Daily Technical Analysis 5th June 2014 EURUSD http://s8.postimg.org/w8cl5js4l/05_06eurusd_daily.png Summary Wednesday EURUSD traded lower as the price action rejected the 8 period daily moving averages. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive. More recently we have seen an extended move lower that has traded beneath multiple prior pivot levels. The next major price target being 1.3476 being the 3rd February swing low. Focus on today This morning EURUSD has opened quietly as the price action trades within Wednesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3550 support level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back up to the 1.3670 level. GBPUSD http://s8.postimg.org/uzopjx06d/05_06gbpusd_daily.png Summary Wednesday GBPUSD again tested the 8 period daily moving averages however the price action was not able to sustain the move higher and ny the close of business finished the day marginally higher. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. However the recent move lower has seen the price action trade under the 1.6731 level being the minor pivot low of the 15th May. This move lower does put a question mark on the health of the daily up trend. From a weekly perspective the price action is now trading under the 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Wednesday’s candle range. I am today monitoring the price action for a test of the 1.6700 support level. Alternatively if GBPUSD cannot sustain lower prices could see the price action test the 1.6795 level. USDJPY http://s8.postimg.org/jsfvbsysl/05_06usdjpy_daily.png Summary Wednesday USDJPY continued to trade higher as the price action closed above the 102.14 level being the minor swing high of the 27th May. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. I am now monitoring the price action for signs of a continuation under the 101.32. A failure to sustain a move beneath this level would put forward the possibility that the breach of the 101.32 level was a fake break down which could lead to further a resumption of the prior uptrend. More recently yesterday’s price action has traded above the 102.14 level being the minor swing high of the 27th May. This adds further impetus to the long side of the trade. Focus on today This morning USDJPY has opened negatively as the price action trades with Wednesday’s candle ranges. Today I am monitoring USDJPY for a test of the 103.00 level. Alternatively a failure to sustain higher prices could see USDJPY test the 101.70 support level. USDCHF http://s8.postimg.org/dvgl8q71h/05_06usdchf_daily.png Summary Wednesday USDCHF continues to trade around the 8 period daily moving averages. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. USDCHF is now moving within the Fibonacci resistance area. This Fibonacci zone could possibly be viewed as a value area where shorts could potentially be added. Focus on today This morning USDCHF has opened quietly as it trades within Wednesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially trade higher within the Fibonacci area and test the 0.9020 resistance level. Alternatively a failure to sustain higher prices could see USDCHF move into the direction of the 34 period daily moving averages. Gold http://s8.postimg.org/sm6rswlr9/05_6xauusd_daily.png Summary Wednesday Gold experience a quiet day at the price action traded within the previous 3 days ranges. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend. Focus on today This morning Gold has open quietly as the price action trades within Wednesday’s candle ranges. Today I am monitoring the price action for Gold to continue its move under the under the 1250.00 support level and test yesterdays lows. Alternatively a failure to sustain lower prices could see Gold trade back up to the averages. USDCAD http://s8.postimg.org/jicy679k5/05_06usdcad_daily.png Summary Wednesday USDCAD traded higher as the price action tested the 1.0940 resistance and closed above the 34 period daily moving averages. Market overview USDCAD is trading in a daily down trend however the weekly uptrend continues to trade positively. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. However the recent price action has seen a double bottom form. This pattern has been confirmed with USDCAD trading higher. Focus on today This morning USDCAD has opened bullishly as the price action trades at the highs Wednesday’s candle range. I am this morning monitoring the price action for a potential move into the direction of the 1.0940 resistance level. Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD retest the 1.0790 support level. AUDUSD http://s8.postimg.org/r4lbhch0l/05_06audusd_daily.png Summary Wednesday AUDUSD continued to trade between the averages and the converging triangle formation. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. The recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend. Focus on today This morning AUDUSD has opened quietly as the price trades within Wednesday’s candle ranges. I am this morning monitoring the price action for a potential a re-test of the 34 period daily moving averages. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 0.9200 level being the 2nd May swing low. Oil http://s8.postimg.org/bkdxqt6w5/05_06oilusddaily.png Summary Wednesday Oil tested the 8 period daily moving averages but was unable to sustain higher prices and by the end of business closed the day lower. 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 action has seen OILUSD trade with a very large converging triangle formation. Focus on today This morning Oil has opened quietly as the price action trades at the lows of Wednesday’s candle range. Today I am monitoring the price action for a test of the 8 period daily moving averages and 103.00 levels. Alternatively a failure to sustain higher prices could see Oil trade test to the 34 period daily moving averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted June 10, 2014 Author Report Share Posted June 10, 2014 Daily Technical Analysis 10th June 2014 EURUSD http://s4.postimg.org/tqdmgtqe5/10_06eurusd_daily.png Summary Although Monday was a Bank Holiday for most of Continental Europe EURUSD did see a good range day. The price action initially tested the 1.3670 resistance level but was not able to sustain a move above this level. The failure to move higher eventually led to a strong down move with the price action closing under the 8 period daily moving averages. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive. Last week’s price action and the rejection of the 1.3550 support level have put a question mark on the daily down trend. From the perspective of a lower time frame the 4 hour chart on a swing bias has changed to up however yesterday we did see a strong corrective pullback. In remains to be seen if this pulls back is nothing more a controlled correction which will revert back to the upside. I am therefore monitoring the 1.3550 level for potential signs that EURUSD can hold above this level and trade higher. Focus on today This morning EURUSD has opened quietly as the price action trades at the lows at the lows of Monday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3550 support level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action test the 8 period daily moving averages. GBPUSD http://s4.postimg.org/lv3320grh/10_06gbpusd_daily.png Summary Monday GBPUSD had a quiet day as the price action closing marginally above the 1.6795 support level. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently we have seen a corrective zigzag formation set up which is made up of lower highs and lower lows. A break below the 1.6700 support level would put a question mark over the current daily up trend as this would most probably change the trend on a swing basis to down. From an intraday point of view the price action on both a swing and moving averages basis on a 4 hour chart is trading in an uptrend. From a weekly perspective the price action has traded under its 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Monday’s candle range. I am today monitoring the price action for a test of 34 period daily moving averages. Alternatively if GBPUSD cannot sustain higher prices could see the price action trade down to the 1.6700 level. USDJPY http://s4.postimg.org/6avpbh6n1/10_06usdjpy_daily.png Summary Monday USDJPY experinced a quiet day following its failure to to sustain a move towards the 103.00 level. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. The price action over the past few trading sessions has seen a move above both the 102.13 and 102.36 pivot highs. This could indicate that the daily trend could be coming back into line with the bullish weekly trend. Focus on today This morning USDJPY has opened negatively as the price action trades under the 8 period daily moving averages. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain lower prices could see USDJPY trade back into the direction of the 103.00 level. USDCHF http://s4.postimg.org/uc2lcxlgd/10_06usdchf_daily.png Summary Monday USDCHF bounced higher as the price action bounced off the 0.8930 support level and closed above the 8 period daily moving averages. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. There has been a great deal of recent volatility with the 0.9037 level being the high of last week’s spike being a line that needs to be crossed if we are to see further strength in the US Dollar against the Swiss Franc. As such USDCHF continues to trade within a weekly downtrend and the price action has moved back into the Fibonacci resistance areas. I am therefore monitoring the possibility of a rotation of the price action back to the short side. Focus on today This morning USDCHF has opened quietly as it trades at the highs of Monday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially test last week’s highs. Alternatively a failure to sustain higher prices could see USDCHF break down from the Fibonacci area and trade down to the 34 period daily moving averages. Gold http://s4.postimg.org/y5w1m32sd/10_06xauusd_daily.png Summary Monday Gold had a quiet day as the price action traded within a two day range. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend. Focus on today This morning Gold has open quietly as the price action trades within Monday’s candle ranges. Today I am monitoring the price action for Gold to continue its move under the under the 1250.00 support level and test yesterdays lows. Alternatively a failure to sustain lower prices could see Gold trade back up to the 1270.00 resistance level. USDCAD http://s4.postimg.org/aqe4gqj19/10_06usdcad_daily.png Summary Monday USDCAD consolidated around its averages as the price action continued to test the 1.0940 resistance level. Market overview USDCAD is trading in a daily down trend however the weekly uptrend continues to trade positively. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. However the recent price action has seen a double bottom form. This pattern has been confirmed with USDCAD trading higher. Focus on today This morning USDCAD has opened negativley as the price action trades below Monday’s candle range. I am this morning monitoring the price action for a re-test 1.0940 resistance level. Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD retest the 1.0790 support level. AUDUSD http://s4.postimg.org/hjehd09ul/10_06audusd_daily.png Summary Monday AUDUSD had a quiet day as the price action traded within the previous days range. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. The recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend. Focus on today This morning AUDUSD has opened bullishly as the price action tests trend line resistance. I am this morning monitoring the price action for a potential break above the triangle top. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 0.9200 level being the 2nd May swing low. Oil http://s4.postimg.org/z5mchshy5/10_06oilusddaily.png Summary Monday Oil had a strong day as the price action traded up to the highs of the triangle top. 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 action has seen OILUSD trade within a very large converging triangle formation. Focus on today This morning Oil has opened bullishly as the price action trades above Monday’s candle range and tests the triangle top and the 105.00 level. Today I am monitoring the price action for a test of the triangle top and the 105.00 level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 8 period daily moving averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted June 11, 2014 Author Report Share Posted June 11, 2014 Daily Technical Analysis 11th June 2014 EURUSD http://s28.postimg.org/o9wnygy4t/11_06eurusd_daily.png Summary Tuesday EURUSD continued to trade lower as the price action tested and closed under the 1.3550 support level. Market overview The recent price action and the breach of the 1.3764 level being the swing low of the 30th April has changed the daily trend to down. However the weekly trend continues to be positive. Last week’s price action and the rejection of the 1.3550 support level have put a question mark against the health daily down trend. From the perspective of a lower time frame the 4 hour chart on a swing bias continues to point up however a breach of the 1.3500 level would turn the intraday bias to negative. From a recent perspective what is of great interest the range of the 5th June candle. The range of this bar is a large 165 pips. Therefore a move above or below the high of this range should give an indication of the direction of the medium term price action with the key levels being 1.3670 up and 1.3500 down Focus on today This morning EURUSD has opened quietly as the price action trades at the lows at the lows of Tuesday’s candle range. I am this morning monitoring the price actions for a potential test of the 1.3500 pivot level. Alternatively if EURUSD fails to sustain lower prices there is a possibility we see the price action trade back to the 8 period daily moving averages. GBPUSD http://s28.postimg.org/3ypepwv65/11_06gbpusd_daily.png Summary Tuesday GBPUSD traded lower as the price action failed to sustain a move above the 34 period daily moving averages. Market overview GBPUSD continues to trade in a daily and weekly uptrend with the price action having recently broken a large converging triangle. More recently we have seen a corrective zigzag formation set up which is made up of lower highs and lower lows. A break below the 1.6700 support level would put a question mark over the current daily up trend as this would most probably change the trend on a swing basis to down. From an intraday point of view the price action on both a swing and moving averages basis on a 4 hour chart is trading in an uptrend. From a weekly perspective the price action has traded under its 8 period weekly moving averages with our next technical support level being the 34 period weekly moving averages which come in at the 1.6485 level. As the both daily and weekly trends remain positive I am monitoring the price action at this potential value area where longs can be added. Focus on today This morning GBPUSD has opened quietly as the price action trades within Tuesday’s candle range. I am today monitoring the price action for a test of 1.6750 resistance level. Alternatively if GBPUSD cannot sustain higher prices could see the price action trade down to the 1.6700 level. USDJPY http://s28.postimg.org/hut1o2219/11_06usdjpy_daily.png Summary Tuesday USDJPY experinced another quiet day following its failure to to sustain a move towards the 103.00 level. Market overview The breach of the 101.32 level being the swing low of the 11th April has effectively changed the daily trend to down. However the weekly trend continues to trade within an uptrend. The price action over the past few trading sessions has seen a move above both the 102.13 and 102.36 pivot highs. This could indicate that the daily trend could be coming back into line with the bullish weekly trend. Focus on today This morning USDJPY has opened negatively as the price action trades under the 8 period daily moving averages. Today I am monitoring USDJPY for a test of the 34 period daily moving averages. Alternatively a failure to sustain lower prices could see USDJPY trade back into the direction of the 103.00 level. USDCHF http://s28.postimg.org/csgb70i4t/11_06usdchf_daily.png Summary Tuesday USDCHF traded higher as the price action moved towards a potential test of the 0.9020 resistance level. Market overview The recent price action and the breach of the 0.8862 level being the 22nd April prior swing high has changed the daily trend to up. However the weekly price action continues trend in a downward direction. There has been a great deal of recent volatility with the 0.9037 level being the high of last week’s spike being a line that needs to be crossed if we are to see further strength in the US Dollar against the Swiss Franc. As such USDCHF continues to trade within a weekly downtrend and the price action has moved back into the Fibonacci resistance areas. I am therefore monitoring the possibility of a rotation of the price action back to the short side. Focus on today This morning USDCHF has opened quietly as it trades at the highs of Tuesday’s candle ranges. Today I am monitoring the price action to see if USDCHF can potentially test the 0.9020 resistance level. Alternatively a failure to sustain higher prices could see USDCHF break down from the Fibonacci area and trade down to the 0.8930 support level. Gold http://s28.postimg.org/bsq0bb2z1/11_06xauusd_daily.png Summary Tuesday Gold experienced a strong up day as the price action traded and closed and the previous 3 day range. Market overview The breach of the 1277 level being the 1st April low has technically changed the daily trend to down. This puts the daily trend in gear with the weekly down trend. The breach of the 1270.00 support level has confirmed the daily down trend. Focus on today This morning Gold has open quietly as the price action trades within Tuesday’s candle ranges. Today I am monitoring the price action for Gold to continue its move under the under the 1270.00 resistance level and test yesterdays lows. Alternatively a failure to sustain higher prices could see Gold trade back down to the 1250.00 support level. USDCAD http://s28.postimg.org/uz37ehjgt/11_06usdcad_daily.png Summary Tuesday USDCAD continues to consolidate around its averages in what was a quiet days trading. Market overview USDCAD is trading in a daily down trend however the weekly uptrend continues to trade positively. A breach of the 1.0813 being the 8th May swing low would confirm that the daily down trend is intact. However the recent price action has seen a double bottom form. This pattern has been confirmed with USDCAD trading higher. Focus on today This morning USDCAD has opened quietly as the price action trades below Tuesday’s candle range. I am this morning monitoring the price action for a re-test 1.0940 resistance level. Alternatively if the price action fails to sustain higher prices there is a possibility that USDCAD retest the 1.0790 support level. AUDUSD http://s28.postimg.org/b5mi81gp9/11_06audusd_daily.png Summary Tuesday AUDUSD had a strong up day as the price action traded and closed above trendline resistance. 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 down trend with the price action now correcting lower following a rejection of the Fibonacci resistance area. The downside break opened up the possibility of a breach of the 0.9200 level being the 2nd May swing low. A breach of this level will technically change the daily trend to down. However the recent prior price action has had the effect of creating a bullish consolidation pattern at the highs of this daily up trend with yesterday’s price actually breaking and closing above this price pattern. Focus on today This morning AUDUSD has opened bullishly as the price action tests the 0.9390 resistance level. I am this morning monitoring the price action for a potential continuation above the triangle top. Alternatively if AUDUSD fails to sustain higher prices there is a possibility that AUDUSD tests the 0.9200 level being the 2nd May swing low. Oil http://s28.postimg.org/d3t661971/11_06oilusddaily.png Summary Tuesday Oil attempted but failed to sustain a move above the 105.00 resistance level. 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 action has seen OILUSD trade within a very large converging triangle formation. Focus on today This morning Oil has opened bullishly as the price action trades with Tuesday’s candle range and tests the triangle top and the 105.00 level. Today I am monitoring the price action for a test of the triangle top and the 105.00 level. Alternatively a failure to sustain higher prices could see Oil trade back down to the 8 period daily moving averages. Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted June 13, 2014 Author Report Share Posted June 13, 2014 (edited) Again, you are violating the rules for spamming the forum. Edited July 25, 2014 by FloridaTrader Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 2, 2014 Author Report Share Posted July 2, 2014 Intra Day Fractal Analysis 2nd July 2014 Currency pair: EURUSD http://s28.postimg.org/soszlu00t/eurusd_h1.png Time frame: Intraday: 1 hour Trend: Down Price action: Moving averages have turned negative with the price action beginning to trend lower Probable scenario: Short beneath 1.3675 Alternate scenario: Long above 1.3685 Intraday levels: Open: 1.3678, R1 1.3704, R2 1.3730, S1 1.3653, S2 1.3627 Currency pair: GBPUSD http://s28.postimg.org/fm1ygaz6l/gbpusd_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area Probable scenario: Long above 1.7152 Alternate scenario: Short beneath 1.7139 Intraday levels: Open: 1.7149, R1 1.7184, R2 1.7219, S1 1.7114, S2 1.7079 Currency pair: USDJPY http://s28.postimg.org/ybpcjb2jh/usdjpy_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as a support area Probable scenario: Long above 101.65 Alternate scenario: Short beneath 101.51 Intraday levels: Open: 101.52, R1 101.70, R2 101.88, S1 101.33, S2 101.15 Currency pair: USDCHF http://s28.postimg.org/x0m6okwbh/usdchf_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Moving averages have turned positive with the price action beginning to trend higher Probable scenario: Long above 0.8879 Alternate scenario: Short beneath 0.8872 Intraday levels: Open: 0.8874, R1 0.8894, R2 0.8914, S1 0.8854, S2 0.8835 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 3, 2014 Author Report Share Posted July 3, 2014 Intra Day Fractal Analysis for 3rd July 2014 Currency pair: EURUSD http://s17.postimg.org/u7rqtam6n/eurusd_h1.png Time frame: Intraday: 1 hour Trend: Down Price action: Price action has corrected back up to the negatively layered moving averages and these could act as an area of resistance Probable scenario: Short beneath 1.3646 Alternate scenario: Long above 1.3660 Intraday levels: Open: 1.3658, R1 1.3683, R2 1.3708, S1 1.3633, S2 1.3608 Currency pair: GBPUSD http://s17.postimg.org/nl53044i7/gbpusd_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support Probable scenario: Long above 1.7167 Alternate scenario: Short beneath 1.7149 Intraday levels: Open: 1.7164, R1 1.7197, R2 1.7230, S1 1.7131, S2 1.7098 Currency pair: USDJPY http://s17.postimg.org/qqpoqbn4f/usdjpy_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support Probable scenario: Long above 101.94 Alternate scenario: Short beneath 101.75 Intraday levels: Open: 101.77, R1 101.95, R2 102.14, S1 101.58, S2 101.40 Currency pair: USDCHF http://s17.postimg.org/5fs4m24zz/usdchf_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Moving averages have turned positive with the price action beginning to trend higher Probable scenario: Long above 0.8894 Alternate scenario: Short beneath 0.8887 Intraday levels: Open: 0.8888, R1 0.8907, R2 0.8926, S1 0.8869, S2 0.8850 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 4, 2014 Author Report Share Posted July 4, 2014 Intra Day Fractal Analysis for 4th July 2014 Currency pair: EURUSD http://s2.postimg.org/rv3su9xi1/eurusd_h1.png Time frame: Intraday: 1 hour Trend: Down Price action: Price action trading lower following a move back to the negatively layered moving averages Probable scenario: Short beneath 1.3601 Alternate scenario: Long above 1.3611 Intraday levels: Open: 1.3610, R1 1.3636, R2 1.3662, S1 1.3583, S2 1.3557 Currency pair: GBPUSD http://s2.postimg.org/6p9zzomop/gbpusd_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support Probable scenario: Long above 1.7180 Alternate scenario: Short beneath 1.7149 Intraday levels: Open: 1.7154, R1 1.7188, R2 1.7223, S1 1.7120, S2 1.7085 Currency pair: USDJPY http://s2.postimg.org/degjfp80p/usdjpy_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action has corrected back down to the positively layered moving averages and these could act as an area of support Probable scenario: Long above 102.22 Alternate scenario: Short beneath 102.17 Intraday levels: Open: 102.18, R1 102.38, R2 102.57, S1 101.99, S2 101.79 Currency pair: USDCHF http://s2.postimg.org/57ojo4hy1/usdchf_h1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action trading higher following a move back to the positively layered moving averages Probable scenario: Long above 0.8938 Alternate scenario: Short beneath 0.8930 Intraday levels: Open: 0.8932, R1 0.8952, R2 0.8972, S1 0.8911, S2 0.8891 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 9, 2014 Author Report Share Posted July 9, 2014 Intra Day Fractal Analysis EURUSD http://s10.postimg.org/scq1fkt95/eurusdh1090714.png GBPUSD http://s10.postimg.org/7rb9nobo9/gbpusdh1090714.png USDJPY http://s10.postimg.org/eght3ox09/usdjpyh1090714.png USDCHF http://s10.postimg.org/b8dbqnaqh/usdchfh1090714.png Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 24, 2014 Author Report Share Posted July 24, 2014 London Open Intra Day Analysis 24.07.2014 The London open Currency pair: EURUSD http://s16.postimg.org/sab4f0c6t/2407ldn_EURUSD_H1.png Time frame: Intraday: 1 hour Trend: Down Outlook: Price action trading lower and away from the negatively layered moving averages and this morning has already tested R1. Probable scenario: Short beneath 1.3450 Alternate scenario: Long above 1.3464 Intraday levels: Open: 1.3462, R1 1.3484, R2 1.3506, S1 1.3440, S2 1.3418 Currency pair: GBPUSD http://s16.postimg.org/nn52d8otx/2407ldn_GBPUSD_H1.png Time frame: Intraday: 1 hour Trend: Down Outlook: The price action is trading back into the negatively layered moving averages. Probable scenario: Short beneath 1.7023 Alternate scenario: Long above 1.7051 Intraday levels: Open: 1.7042, R1 1.7074, R2 1.7106, S1 1.7010, S2 1.6978 Currency pair: USDJPY http://s16.postimg.org/5beew3g6t/2407ldn_USDJPY_H1.png Time frame: Intraday: 1 hour Trend: Up Outlook: Price action trading back into positively layered moving averages. Probable scenario: Long above 101.58 Alternate scenario: Short beneath 101.45 Intraday levels: Open: 101.48, R1 101.64, R2 101.80, S1 101.31, S2 101.16 Currency pair: USDCHF http://s16.postimg.org/w7ye4ez05/2407ldn_USDCHF_H1.png Time frame: Intraday: 1 hour Trend: Up Price action: Price action trading back into positively layered moving averages. Probable scenario: Long above 0.9031 Alternate scenario: Short beneath 0.9020 Intraday levels: Open: 0.9022, R1 0.9037, R2 0.9053, S1 0.9006, S2 0.8991 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 25, 2014 Author Report Share Posted July 25, 2014 London Open Intra Day Analysis 25.07.2014 The London open EURUSD http://s4.postimg.org/84wdec3gd/2507ldn_EURUSD_H1.png Time frame: 1 hour Trend: Up Outlook: Moving averages have just turned positive with the price action trending higher. Probable scenario: Long above 1.3473 Alternate scenario: Short beneath 1.3457 Intraday levels: Open: 1.3463, R1 1.3485, R2 1.3507, S1 1.3441, S2 1.3419 GBPUSD http://s4.postimg.org/usbmkhj0d/2507ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading back into the negatively layered moving averages. Probable scenario: Short beneath 1.6985 Alternate scenario: Long above 1.6993 Intraday levels: Open: 1.6986, R1 1.7019, R2 1.7053, S1 1.6952, S2 1.6919 USDJPY http://s4.postimg.org/seya77tz1/2507ldn_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: Price action trading back into positively layered moving averages. Probable scenario: Long above 101.80 Alternate scenario: Short beneath 101.70 Intraday levels: Open: 101.80, R1 101.98, R2 102.15, S1 101.63, S2 101.46 USDCHF http://s4.postimg.org/6r9bwrtkt/2507ldn_USDCHF_H1.png Time frame: 1 hour Outlook: Neutral Price action: Moving averages are attempting to turn negative as the rice action moves lower. Probable scenario: Long above 0.9030 Alternate scenario: Short beneath 0.9007 Intraday levels: Open: 0.9025, R1 0.9040, R2 0.9056, S1 0.9009, S2 0.8994 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 28, 2014 Author Report Share Posted July 28, 2014 London Open Intra Day Analysis 28.07.2014 The London open EURUSD http://s4.postimg.org/wmot9gxa5/2807ldn_EURUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading back into the negatively layered moving averages. Probable scenario: Short beneath 1.3426 Alternate scenario: Long above 1.3436 Intraday levels: Open: 1.3431, R1 1.3453, R2 1.3476, S1 1.3408, S2 1.3385 GBPUSD http://s4.postimg.org/o6z8ryuf1/2807ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading back into the negatively layered moving averages. Probable scenario: Short beneath 1.6974 Alternate scenario: Long above 1.6996 Intraday levels: Open: 1.6978, R1 1.7009, R2 1.7040, S1 1.6946, S2 1.6915 USDJPY http://s4.postimg.org/3o4cmwghp/2807ldn_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: Price action trading back into positively layered moving averages. Probable scenario: Long above 101.86 Alternate scenario: Short beneath 101.74 Intraday levels: Open: 101.78, R1 101.94, R2 102.11, S1 101.62, S2 101.46 USDCHF http://s4.postimg.org/wnyr2vz3x/2807ldn_USDCHF_H1.png Time frame: 1 hour Outlook: Up Price action: Price action trading back into positively layered moving averages. Probable scenario: Long above 0.9052 Alternate scenario: Short beneath 0.9043 Intraday levels: Open: 0.9045, R1 0.9061, R2 0.9076, S1 0.9029, S2 0.9014 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 29, 2014 Author Report Share Posted July 29, 2014 London Open Intra Day Analysis 29.07.2014 The London open EURUSD http://s28.postimg.org/tcfa3umtp/2907ldn_EURUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading lower and away from the negatively layered moving averages Probable scenario: Short beneath 1.3420 Alternate scenario: Long above 1.3444 Intraday levels: Open: 1.3438, R1 1.3458, R2 1.3479, S1 1.3417, S2 1.3396 GBPUSD http://s28.postimg.org/5zh8lc6q5/2907ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading lower and away from the negatively layered moving averages Probable scenario: Short beneath 1.6966 Alternate scenario: Long above 1.6989 Intraday levels: Open: 1.6982, R1 1.7011, R2 1.7040, S1 1.6953, S2 1.6924 USDJPY http://s28.postimg.org/md5ti8c99/2907ldn_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: The price action is trading higher and away from the positively layered moving averages Probable scenario: Awaiting pull back Alternate scenario: Short beneath 101.82 Intraday levels: Open: 101.85, R1 102.00, R2 102.16, S1 101.70, S2 101.55 USDCHF http://s28.postimg.org/fy277tg5p/2907ldn_USDCHF_H1.png Time frame: 1 hour Outlook: Up Price action: The price action is trading higher and away from the positively layered moving averages Probable scenario: Awaiting pull back Alternate scenario: Short beneath 0.9038 Intraday levels: Open: 0.9039, R1 0.9053, R2 0.9068, S1 0.9024, S2 0.9009 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 30, 2014 Author Report Share Posted July 30, 2014 London Open Intra Day Analysis 30.07.2014 The London open EURUSD http://s10.postimg.org/qyfpguxyh/3007ldn_EURUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading lower and away from the negatively layered moving averages Probable scenario: Short beneath 1.3400 Alternate scenario: Long above 1.3416 Intraday levels: Open: 1.3408, R1 1.3429, R2 1.3449, S1 1.3387, S2 1.3366 GBPUSD http://s10.postimg.org/pn7y8e2cp/3007ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is trading lower and away from the negatively layered moving averages Probable scenario: Short beneath 1.6940 Alternate scenario: Long above 1.6955 Intraday levels: Open: 1.6943, R1 1.6972, R2 1.7002, S1 1.6914, S2 1.6884 USDJPY http://s10.postimg.org/fbvlfqand/3007ldn_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: The price action is correcting down towards the positively layered moving averages Probable scenario: Long above 102.16 Alternate scenario: Short beneath 102.03 Intraday levels: Open: 102.11, R1 102.27, R2 102.42, S1 101.95, S2 101.80 USDCHF http://s10.postimg.org/3y924j04p/3007ldn_USDCHF_H1.png Time frame: 1 hour Outlook: Up Price action: The price action is trading higher and away from the positively layered moving averages Probable scenario: Long above 0.9074 Alternate scenario: Short beneath 0.9064 Intraday levels: Open: 0.9069, R1 0.9084, R2 0.9099, S1 0.9053, S2 0.9038 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted July 31, 2014 Author Report Share Posted July 31, 2014 London Open Intra Day Analysis 31.07.2014 The London open EURUSD http://s21.postimg.org/5kpyd23br/3107ldn_EURUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is correcting up towards the negatively layered moving averages Probable scenario: Short beneath 1.3390 Alternate scenario: Long above 1.3400 Intraday levels: Open: 1.3396, R1 1.3417, R2 1.3438, S1 1.3375, S2 1.3353 GBPUSD http://s21.postimg.org/84ll75qvr/3107ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is correcting up towards the negatively layered moving averages Probable scenario: Short beneath 1.6904 Alternate scenario: Long above 1.6928 Intraday levels: Open: 1.6910, R1 1.6940, R2 1.6970, S1 1.6881, S2 1.6851 USDJPY http://s21.postimg.org/4jppnxmc7/3107ldn_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: The price action is correcting down towards the positively layered moving averages Probable scenario: Long above 102.88 Alternate scenario: Short beneath 102.73 Intraday levels: Open: 102.79, R1 103.00, R2 103.19, S1 102.60, S2 102.40 USDCHF http://s21.postimg.org/pjaet6def/3107ldn_USDCHF_H1.png Time frame: 1 hour Outlook: Up Price action: The price action is correcting down towards the positively layered moving averages Probable scenario: Long above 0.9090 Alternate scenario: Short beneath 0.9082 Intraday levels: Open: 0.9086, R1 0.9101, R2 0.9117, S1 0.9070, S2 0.9054 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted August 1, 2014 Author Report Share Posted August 1, 2014 London Open Intra Day Analysis 01.08.2014 The London open EURUSD http://s18.postimg.org/mwsxe3vuh/0108ldn_EURUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is correcting up towards the negatively layered moving averages Probable scenario: Short beneath 1.3382 Alternate scenario: Long above 1.3392 Intraday levels: Open: 1.3390, R1 1.3410, R2 1.3430, S1 1.3370, S2 1.3349 GBPUSD http://s18.postimg.org/t0ahy0m49/0108ldn_GBPUSD_H1.png Time frame: 1 hour Trend: Down Outlook: The price action is correcting up towards the negatively layered moving averages Probable scenario: Short beneath 1.6867 Alternate scenario: Long above 1.6893 Intraday levels: Open: 1.6884, R1 1.6915, R2 1.6945, S1 1.6854, S2 1.6823 USDJPY http://s18.postimg.org/61idsufi1/0108_USDJPY_H1.png Time frame: 1 hour Trend: Up Outlook: The price action is trading higher and away from the positively layered moving averages Probable scenario: Long above 103.00 Alternate scenario: Short beneath 102.73 Intraday levels: Open: 102.79, R1 102.97, R2 103.16, S1 102.60, S2 102.40 USDCHF http://s18.postimg.org/45r03y1a1/0108_USDCHF_H1.png Time frame: 1 hour Outlook: Up Price action: The price action is correcting down towards the positively layered moving averages Probable scenario: Long above 0.9095 Alternate scenario: Short beneath 0.9082 Intraday levels: Open: 0.9087, R1 0.9102, R2 0.9118, S1 0.9071, S2 0.9056 Quote Link to comment Share on other sites More sharing options...
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