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Daily Technical Analysis 7.2.2013 ACFX.com


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Daily Technical Analysis for EURUSD as at 7TH February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485 -1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/eur_zpsb8bf88c8.gif

 

Comments

As posted previously “EURUSD has bounced in the Fibonacci support area. We are monitoring a potential move to Target 1”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

 

Daily Technical Analysis for GBPUSD as at 7th February 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1.5780 – 1.5845

Target 1 : 1.5675

Target 2 : 1.5485

Stop : >1.5895

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/gbp_zps5b70441d.gif

 

Comments

GBPUSD continues to bounce off the upward sloping multi month trend line.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis.

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 7th February 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/chf_zps9862f560.gif

 

Comments

USDCHF has traded back to the 8 period moving averages and a previously broken downward sloping trend line. We are monitoring the price action at these levels to see if the bounce continues to a meaningful Fibonacci shorting level or if current overhead resistance is enough to push the price action into the direction of the last isolated LL.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for USDJPY as at 7th February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/jpy_zps015959e8.gif

 

Comments

As posted previously “USDJPY continues to trade higher. We continue to monitor the price action for a potential pull back to the 8 period moving averages where support may come in”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for Gold as at 7th February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1661.10 – 1640.80

Target 1 : 1696.40

Target 2 : 1723.30

Stop : <1625.80

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/gold_zps7e18be83.gif

 

Comments

As posted previously “Gold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move to Target 1”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

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

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%20272013/oil_zps00a32fee.gif

 

Comments

Oil yesterday found strong buying at the close that reversed that mornings sell off. We are monitoring the possibility that Oil may make an attempt to trade up to and possibly breach the last isolated HH.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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Daily Technical Analysis 8.2.2013 ACFX.com

 

Daily Technical Analysis for EURUSD as at 8TH February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485 -1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

 

http://i1336.photobucket.com/albums/o644/hrizantemica/eur_zps6413640c.gif

 

Comments

EURUSD has attempted to bounce from the Fibonacci support area only for it to fall on the back of news. We are monitoring the price action at these levels. If EURUSD can stabilize, then another attempt for an upward break could be made. A point of note is that he current price level being just above a recent congestion area and moving average. A break beneath this area will mean that we would have to reevaluate the current long bias.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 8th February 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1.5780 – 1.5845

Target 1 : 1.5675

Target 2 : 1.5485

Stop : >1.5895

 

http://i1336.photobucket.com/albums/o644/hrizantemica/gbp_zpsd47d39ac.gif

 

Comments

GBPUSD rejected the upward sloping trend line and moved towards the 8 period moving averages where it found some resistance. A break above this average could see GBPUSD move up to the downward sloping trend line. Alternatively a failure to trade higher could see GBPUSD make another attempt to break the downward sloping trend line.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis.

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

Daily Technical Analysis for USDCHF as at 8th February 2013

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9205 – 0.9310

Target 1 : 0.9020

Target 2 : 0.8930

Stop : >0.9390

 

http://i1336.photobucket.com/albums/o644/hrizantemica/chf_zpsd0ce17ff.gif

 

Comments

USDCHF has traded back to just beneath Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 8th February 2013

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1336.photobucket.com/albums/o644/hrizantemica/jpy_zps7bf09130.gif

 

Comments

USDJPY has traded back to the 8 period moving averages. We are monitoring the price action as previous touches of this average have shown to be good support.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

 

Daily Technical Analysis for Gold as at 8th February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1661.10 – 1640.80

Target 1 : 1696.40

Target 2 : 1723.30

Stop : <1625.80

 

http://i1336.photobucket.com/albums/o644/hrizantemica/gold_zps216823c8.gif

 

Comments

As posted previously “Gold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move to Target 1”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

 

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

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://i1359.photobucket.com/albums/q783/acfxuser1/DTA282013/oil_zpsddf1c213.gif

 

Comments

Yesterday’s lower close negated somewhat the strong close of the 6th February. Oil continues to trade beneath the 8 period moving averages. The two short term scenarios we envisage are that Oil could possibly trades back to the 34 period moving averages where support may come in or that make an attempt to trade up to and possibly breach the last isolated HH.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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Daily Technical Analysis 11.2.2013 ACFX.com

 

Daily Technical Analysis for EURUSD as at 11TH February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1.3485 -1.3360

Target 1 : 1.3710

Target 2 : 1.4250

Stop : <1.3263

 

http://www.acfx.com/content/images/analysis/Feb12/1102/eur.gif

 

Comments

EURUSD continues to trade above a recent congestion area and moving average. A break beneath this area will mean that we would have to reevaluate the current long bias with Target 1 being the last isolated HH.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for GBPUSD as at 11th February 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 1.5780 – 1.5845

Target 1 : 1.5675

Target 2 : 1.5485

Stop : >1.5895

 

http://www.acfx.com/content/images/analysis/Feb12/1102/gbp.gif

 

Comments

GBPUSD this morning is making another attempt to breach the upward sloping trend line. A break above this line could see GBPUSD move up to the multi month downward sloping trend line. Alternatively a failure to trade higher could see GBPUSD make another attempt to break the upward sloping trend line.

Definitions

Trend : Current trend as defined by technical Swing Analysis.

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDCHF as at 11th February 2013

 

DAILY OVERVIEW

Trend : Short

Ambush Zone : 0.9205 – 0.9310

Target 1 : 0.9020

Target 2 : 0.8930

Stop : >0.9390

 

http://www.acfx.com/content/images/analysis/Feb12/1102/chf.gif

 

Comments

As posted previously “USDCHF has traded back to just beneath Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels”.

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for USDJPY as at 11th February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://www.acfx.com/content/images/analysis/Feb12/1102/jpy.gif

 

Comments

As posted previously “USDJPY has traded back to the 8 period moving averages. We are monitoring the price action as previous touches of this average have shown to be good support”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

Daily Technical Analysis for Gold as at 11th February 2013

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : 1661.10 – 1640.80

Target 1 : 1696.40

Target 2 : 1723.30

Stop : <1625.80

 

http://www.acfx.com/content/images/analysis/Feb12/1102/gold.gif

 

Comments

As posted previously “Gold continues to bounce around the Fibonacci support area. We are monitoring the possibility of a move to Target 1”.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

 

 

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

 

DAILY OVERVIEW

Trend : Long

Ambush Zone : -

Target 1 : -

Target 2 : -

Stop : -

 

http://www.acfx.com/content/images/analysis/Feb12/1102/oil.gif

 

Comments

Oil continues to trade beneath the 8 period moving averages. The two short term scenarios we envisage are that Oil could possibly trades back to the 34 period moving averages where support may come in or that make an attempt to trade up to and possibly breach the last isolated HH.

 

Definitions

Trend : Current trend as defined by technical Swing Analysis

HH : Higher High

HL : Higher Low

LL : Lower Low

LH : Lower High

CofT : Change of Trend

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