Atlas CapitalFx Posted March 28, 2013 Author Report Share Posted March 28, 2013 Daily Technical Analysis for EURUSD as at 28th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2803/eur.gif Comments The Cyprus banks are set to open today and all eyes are on the island to see if the capital controls work and how long they will be required. The fear is the longer controls are kept in place the more we get to a reality of a two tier Euro with the Cyprus Euro having a lower value than the Euro for the rest of Europe. This brings up the wider question of what is the true value of the Euro if you factor out the states that are having economic problems such as Italy. Furthermore is Germany and the North European states benefiting unfairly from a Euro whose value is low due to the Euro Zones economic crisis. If you tie this back into what has happened over the past two weeks the populations of Greece, Spain, Italy and now Luxembourg and Malta may begin to question the benefit of staying in a Euro Zone which they feel is geared to looking after the interest of bankers and the North European industrialists. With Slovenia, Luxembourg and Malta in the cross hairs of the Euro Group we are in for more interesting times. Back to technical’s, yesterday EURUSD continued on its downward path is now extended from the 8 period moving average and we continue to look for pullbacks to this average as possible shorting opportunities. 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 28th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2803/gbp.gif Comments The Pound has benefited from the Euro Zones turmoil over the past couple of weeks and it is interesting to see if the continued chaos pushes funds in the direction of London. GBPUSD has traded away from resistance. This was to be expected after such a strong move back into resistance. We are monitoring the strength of the bounce from resistance and if another attempt is made to breach the resistance area. The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down side. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 28th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2803/chf.gif Comments The move to Target 1 continues with the price action some 15 pips away from this target. As we are using the 8 period moving average to shadow the move it would not be a surprising to see the Franc trade back down to its average which would once again offer possible long opportunities. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 28th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.90 – 92.30 Target 1 : 96.70 Target 2 : 97.75 Stop : 90.85 http://www.acfx.com/content/images/analysis/March%202013/2803/jpy.gif Comments USDJPY continues to trade at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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 Gold as at 28th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 http://www.acfx.com/content/images/analysis/March%202013/2803/gold.gif Comments With the our focus being increasingly drawn to the Golden Cross of the moving averages and with three days of price support around the average, a close today or tomorrow above both averages would switch our attention onto the long side. The degree of such a move is in question but possible targets could be the last isolated LH and then the down trend line. A breach of the last isolated LH would of course turn the swing count positive. Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 Oil (WTI) as at 28th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/March%202013/2803/oil.gif Comments Oil continues to move higher however we are noticing a decline in the daily range which is a possible indication that the price action needs to consolidate or correct itself prior to a further move to Target 1. This can be seen by the price extension from the 8 period moving. A move back to the average may offer possible long opportunities. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted March 29, 2013 Author Report Share Posted March 29, 2013 Daily Technical Analysis for EURUSD as at 29th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2903/eur.gif Comments The banks in Cyprus open on Thursday without much incident. However, this was probably due to most people having better things to do with their time then queue up to withdraw Euro 300. EURUSD did bounce a little but so far the move up is more like a wimper than an emphatic roar that the Euro Zone and Germany succeeded in their experiment .The rise in the Euro being more down to profit taking prior to the long weekend. With the Maltese trying to distance themselves to what happen in Cyprus with statements that their Banking sector is safe and the Slovenians fearing that they are now being targeted the significant news from London that after five years into this crisis the Bank of England’s Financial Committee has instructed the Banks to raise extra capital of GBP 25bn by the end of 2013 has gone a little unnoticed. It is probably a very sobering thought for the British people and much to the relief of the Euro Skeptics that the UK kept their pound and did not give up financial independence to European self interest groups that envy London’s dominant position as a financial centre in Europe. The scary thought would be the Euro Group seeing the Cyprus experiment being a success and then rolling out this template to the other PIIGS. This would of course cause capital flight to perceived safe countries such as Germany and Holland. How fortunate for them. Back to Cyprus the European Commission wants the capital controls want lifted as soon as possible but the Cyprus Finance Minister is talking about months. The targeting of deposit holders for the errors of well paid bankers has changed the rule book and the deposit holders who have been rewarded with worthless equity in banks will not forget what has happen so easily and those who have the ability to move funds to safer financial centers probably will. Back to the technical’s the Euro is basing and the price is a little extended from the averages but with bank holidays in Western Europe today and Monday in Cyprus Traders are probably keeping away from the markets over the long weekend. 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 29th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2903/gbp.gif Comments The pound is trading just beneath resistance but we would expect a quiet day due to the Good Friday holiday. The inverse head and shoulders pattern is still in play and we are monitoring the possibility of a golden cross of the moving averages. Alternatively a failure to trade above resistance will put the bias back onto the down side. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 29th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/March%202013/2903/chf.gif Comments USDCHF continues to trade just above the moving average after touching it twice. We continue to monitor a possible 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 USDJPY as at 29th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.90 – 92.30 Target 1 : 96.70 Target 2 : 97.75 Stop : 90.85 http://www.acfx.com/content/images/analysis/March%202013/2903/jpy.gif Comments USDJPY continues to trade within a very tight range at Fibonacci support. We are monitoring a potential move back above the 8 period moving averages and then the 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 Gold as at 29th March 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 http://www.acfx.com/content/images/analysis/March%202013/2903/gold.gif Comments Gold continues to trade around its Golden cross but with the Markets closed until late on Sunday night there is not much to report with a close above both averages would switch our attention onto the long side and the targets being the last isolated LH and then the down trend line. As mentioned yesterday a breach of the last isolated LH would of course turn the swing count positive. Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 Oil (WTI) as at 29th March 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/March%202013/2903/oil.gif Comments Oil continues to grind higher without a pause with the price action getting more and more extended from the 8 period moving averages. A move back to the average may offer possible long opportunities. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 2, 2013 Author Report Share Posted April 2, 2013 (edited) Daily Technical Analysis for EURUSD as at 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/eur.gif DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments EURUSD has traded back to the 8 period moving which is a possible initial area to monitor market rotation for shorting opportunities. As the Fibonacci shorting area we have identified is some 375 pips from the current price a more appropriate target if the Euro trades higher could potentially be the 34 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/chf.gif DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDCHF would appear to be attempting to put in a lower high. A breach of the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up we continue to monitor a possible 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 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/oil.gif DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 Comments After a continued up move Oil did pull back and as expected found support at the 8 period moving averages. We are monitoring the price action at these levels to see if support can hold and possibly push Oil 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 Gold as at 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/gold.gif DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 Comments Gold continues to trade around its Golden cross and within a tight range. A breakout from the current level may potentially push Gold into the direction of the downward sloping trend line. Alternatively a failure for the price action to close above the 8 period moving averages would switch our attention to the short side and a breach of the potential HL would confirm this 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 USDJPY as at 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/jpy.gif DAILY OVERVIEW Trend : Long Ambush Zone : 93.90 – 92.30 Target 1 : 96.70 Target 2 : 97.75 Stop : 90.85 Comments USDJPY moved lower and for the first time since 11th October 2012 the 8 period moving averages has crossed beneath the 34 period moving averages. The move into Fibonacci support has also been very aggressive. The long scenario would be to purchase USDJPY within the Fibonacci support area but we would like to see a support base built before longs are taken. The alternative scenario would be for an extended down trend with shorting opportunities on pull backs to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 2nd April 2013 http://www.acfx.com/content/images/analysis/April13/0204/gbp.gif DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Although the pound continues to trade beneath resistance the potential Golden Cross that we had been monitoring has been completed. The Golden cross combined with the inverse Head and Shoulders patterns potentially points GBPUSD trading up to the downward sloping trend line. Alternatively a failure to trade above resistance will put the bias back onto the down side. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Edited April 2, 2013 by Atlas CapitalFx Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 3, 2013 Author Report Share Posted April 3, 2013 Daily Technical Analysis for EURUSD as at 3rd April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0304/eur.gif Comments The 8 period moving averages have provided initial resistance and EURUSD has moved down from this level by some 80 pips. We are monitoring a potential move towards the last isolated LL. A breach of the last LL would confirm the continued downward momentum and a possible move to trend line 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 GBPUSD as at 3rd April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0304/gbp.gif Comments Yesterday GBPUSD attempted to breach horizontal resistance but failed to break that level and reversed. This reversal has continued today with a negative open. Although the past two days action has been bearish both the Golden Cross and the inverse Head and Shoulders pattern are still in play which may give those with a bullish bias some encouragement. If the price action can hold above the last LL a third attempt at taking out resistance should not be ruled out. Alternatively a failure to breach resistance should give bears encouragement to push GBPUSD to the area of the last 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 USDCHF as at 3rd April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0304/chf.gif Comments USDCHF continues to find support at the 8 period moving averages. A breach of the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up we continue to monitor a possible 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 USDJPY as at 3rd April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.90 – 92.30 Target 1 : 96.70 Target 2 : 97.75 Stop : 90.85 http://www.acfx.com/content/images/analysis/April13/0304/jpy.gif Comments The 8 period moving averages continue to trade beneath the 34 period moving averages which is technically short. However USDJPY has found support in the Fibonacci area and offers the possibility of taking longs at these levels. The alternative scenario would be for an extended down trend with shorting opportunities on pull backs to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 3rd April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/0304/oil.gif Comments Yesterday Oil moved to the 8 period averages where support was found. We are monitoring the price action at these levels to see if support can hold and possibly push Oil to Target 1. The alternative scenario would be for a breach of the 8 period moving average and a move into the direction of the 34 period moving average. 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 3rd April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 http://www.acfx.com/content/images/analysis/April13/0304/gold.gif Comments Gold yesterday broke down and this negative momentum has continued this morning. If Gold can breach the last isolated HL it would not be a surprise if the bears push Gold into the direction of the last isolated LL. A breach of these levels would of course confirm the continued down trend. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 4, 2013 Author Report Share Posted April 4, 2013 Daily Technical Analysis for EURUSD as at 4th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0404/eur.gif Comments EURUSD continues to trade at the 8 period moving averages which is offering some resistant to further upside momentum. If we can get an open and close above this average them there is potential for a continued move to the 34 period moving averages. Alternatively a failure to clear the 8 period moving averages would indicate a possible move to towards the last isolated LL. A breach of the last LL would confirm the continued downward momentum and a possible move to trend line 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 GBPUSD as at 4th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0404/gbp.gif Comments After Monday’s strong down day, GBPUSD has consolidated at the lows. Although the Golden Cross and the inverse Head and Shoulders pattern are still in play we would like to see the price action to trade above the 8 period moving averages as confirmation of a long bias prior to trading up to and breaching resistance. The bearish alternatively would be for GBPUSD to fail to trade above the 8 period moving averages and breach resistance. This would indicate the possibility of GBPUSD of moving into the direction of the last 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 USDCHF as at 4th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0404/chf.gif Comments USDCHF has today opened beneath the 8 period moving averages and moving into the direction of the 34 period moving averages which is an area where we will monitor the price action for potential support. If USDCHF can trade beneath the 34 period moving averages and breach the 25th March low would confirm a potential change to a negative bias. However as the prevailing trend is up we continue to monitor a possible 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 USDJPY as at 4th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.90 – 92.30 Target 1 : 96.70 Target 2 : 97.75 Stop : 90.85 http://www.acfx.com/content/images/analysis/April13/0404/jpy.gif Comments This morning’s news of Bank of Japan bond purchases has pushed USDJPY higher. This news coincided with the price action trading within Fibonacci support area. We are now monitoring 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 4th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/0404/oil.gif Comments Yesterday Oil slashed through the 8 period moving averages and is now approaching the 34 period moving averages where we will monitor the price action for potential support. A break of the 34 period moving averages could possibly indicate a move to Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 4th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 http://www.acfx.com/content/images/analysis/April13/0404/gold.gif Comments Gold yesterday continued with the downward momentum and took out both the prior HL and LL and in the process hitting Target 1. The price action is currently extended from the 8 period moving averages. As such any pull backs to this average can be possibly viewed as shorting opportunities. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 8, 2013 Author Report Share Posted April 8, 2013 Daily Technical Analysis for EURUSD as at 8th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0804/eur.gif Comments Thursdays stellar up day was followed on Friday with a further strong positive close. However on this occasion some selling did come in during the latter part of the London session which was continued in New York. This selling came in at around the 34 period moving average levels. Friday’s up move did not manage to take out the highs of the 25th March which needs to happen if we are going to have confirmation of a continued up move. This morning EURUSD has opened flat to negative but as we are extended from the 8 period moving average it would not be a surprise if the price action traded back to this average. Alternatively, and as happened on Friday this morning’s negativity could offer the opportunity to either purchase this morning’s weakness or place orders above the high so as to participate in any long break out. 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 April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0804/gbp.gif Comments On Friday we saw a close above resistance and a HL HH combination that followed the proceeding Golden Cross with price action trading and closing above the averages. As we are in firmly bullish mode, buying weakness as the price action approaches support or placing orders above the last isolated HH is a possibility if one wanted to participate in any further potential up move with a target being the downward sloping trend line. Alternatively, if EURUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 8th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://www.acfx.com/content/images/analysis/April13/0804/jpy.gif Comments USDJPY has continued its near vertical up move since the Bank of Japan news. However the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. Therefore it would not be unlikely if the price action trends down to sideways thus allowing the averages to catch up with the last move. Alternatively, one could possibly participate in a further potential up move by buying weakness or placing long orders above the last isolated HH. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 8th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0804/chf.gif Comments Over the past couple of weeks, USDCHF has put in a bearish LH LL combination which has seen the price action trade down to just above Fibonacci support. With the weekly trend being positive, we are monitoring the price action for potential buying opportunities. However due to the current negative of the daily trend during this corrective pull back. Retracements to the 8 period moving averages could also offer possible opportunities to enter short on approaches to this average. Alternatively a continuation of the daily LH LL sequence could possibly push USDCHF down further and in the process change the weekly trend to negative. 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 April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/0804/oil.gif Comments Oil moved marginally lower on Friday but found support at the upward sloping trend line and just above the Fibonacci supports area. We are currently monitoring the price action for a bullish rotation within Fibonacci support area. Alternatively this morning negative open could possibly continue with a move to the upward sloping trend line. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 8th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1619.30 – 1656.55 Target 1 : 1554.60 Target 2 : 1526.85 Stop : 1684.80 http://www.acfx.com/content/images/analysis/April13/0804/gold.gif Comments The Hammer Candlestick that was identified on Friday morning did precede a continued buying on that day that pushed Gold back to the averages and Fibonacci resistance. We are currently monitoring the price action at these levels as a potential shorting opportunity. Alternatively, if Gold can trade and close above the two averages a move up to the last isolated LH cannot be discounted. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 9, 2013 Author Report Share Posted April 9, 2013 Daily Technical Analysis for EURUSD as at 9th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0904/eur.gif Comments Last week’s positive theme has continued into this week with the price action trading above the averages and the 25th March high. With the market trending positively both within daily and weekly time frames one would look for buying opportunities on approaches to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high. Any further positivity would most probably create a golden cross of the averages. As the conservative long scenario is to purchase weakness at the 34 and 8 period moving averages and then at daily Fibonacci support this would also imply a possibility that EURUSD could also experience a substantial pull back. As the moving averages have not as yet positively crossed on the daily chart and furthermore as we have not had a Higher Low, the uptrend on the daily chart has not been confirmed. Therefore a reversion to a broader negative trend is also a possibility if a positive trend confirmation does not happen in the next few sessions. 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 9th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0904/gbp.gif Comments Yesterday’s pullback into support was not unexpected after two strong up days. The price action has approached the 8 period moving averages which offer the possibility of buying weakness with a target being the downward sloping trend line. Alternatively, if EURUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 9th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://www.acfx.com/content/images/analysis/April13/0904/jpy.gif Comments USDJPY has been totally news driven but with 100 number looming over head there is a possibility that the Yen’s weakness is halted at this level but there is still a relatively small distance to go before this currency pair reaches this number. As mentioned yesterday however the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. Therefore it would not be unlikely if the price action trends down to sideways thus allowing the averages to catch up with the last move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 9th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/0904/chf.gif Comments With the price action basing above both daily and weekly Fibonacci support we are monitoring the price action for potential buying opportunities. However there is a possibility that USDCHF drops a further 170 pips into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has retraced sufficiently into this area. Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with an initial target being the 8 period moving averages. However as there is an established bearish LH LL combination the short side on approaches to the 8 period moving average could also offers some down side opportunity. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 8th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/0904/oil.gif Comments This morning Oil is trading higher off the support area that we identified. The possible initial target is the 8 period moving averages. Alternatively a failure to close higher by the end of today’s session could give the bears encouragement to push Oil back to trend support for a further retest. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High Daily Technical Analysis for Gold as at 9th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1577 – 1599.25 Target 1 : 1539.30 Target 2 : 1526.85 Stop : 1616.60 http://www.acfx.com/content/images/analysis/April13/0904/gold.gif Comments Gold continues to trade around Fibonacci resistance and the moving averages.We are currently monitoring the price action at these levels as a potential shorting opportunity. Alternatively, if Gold can trade and close above the two averages a move up to the last isolated LH cannot be discounted. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 11, 2013 Author Report Share Posted April 11, 2013 Daily Technical Analysis for EURUSD as at 11th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1104/eur.gif Comments EURUSD yesterday initially traded higher only to close negatively for the first time in 5 days. The moving averages are kissing each other in what is a potential Golden Cross. As the price action is fairly extended from the averages we are monitoring buying opportunities on approaches to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high. The target for any long side move initially being overhead Fibonacci resistance and then the upward sloping trend line. A corrective pullback is a possibility and we are therefore monitoring the power of the next correction to see how this impacts the potential changes of trend. If a new HL can be formed then this will of course give further confirmation to the long side. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 11th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1104/gbp.gif Comments GBPUSD continues to trade close to support and the 8 period moving averages. We are monitoring a potential move to the downward sloping trend line. Alternatively, if GBPUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 11th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://www.acfx.com/content/images/analysis/April13/1104/jpy.gif Comments USDJPY continues to edge closer to the 100 level but at a somewhat slow pace. However the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. The question is does USDJPY go down first before it tests the 100 level or does it make an attempt to push through this level now. Very exciting times if you trade this currency pair. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 11th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/1104/oil.gif Comments Oil this morning is attempting to trade above the 8 period moving averages in what is a potential resumption of the long trend. Alternatively if the move fails to trade higher with any conviction a breach of the 34 period moving averages could give the bears encouragement to push Oil back to retest trend line 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 April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1577 – 1599.25 Target 1 : 1539.30 Target 2 : 1526.85 Stop : 1616.60 http://www.acfx.com/content/images/analysis/April13/1104/gold.gif Comments Gold has broken down from Fibonacci resistance and the moving averages. We are currently monitoring 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 USDCHF as at 11th April 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1104/chf.gif Comments The price action continues to trade above both daily and weekly Fibonacci support we are monitoring the price action for potential buying opportunities. However there is a potential that USDCHF drops a further 170 pips into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has retraced sufficiently into this area. Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with an initial target being the 8 period moving averages. However as there is an established bearish LH LL combination the short side on approaches to the 8 period moving average could also offers some down side opportunity. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted April 12, 2013 Author Report Share Posted April 12, 2013 Daily Technical Analysis for EURUSD as at 12th April 2013 DAILY OVERVIEW Trend : Buy Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1204/eur.gif Comments EURUSD continues to trade higher and the Golden Cross has been completed therefore reinforcing the bullish bias. As the price action is fairly extended from the averages we are monitoring buying opportunities on approaches to the 34 and 8 period moving averages and then at daily Fibonacci support with traders who have a more aggressive risk profile either purchasing intraday weakness or placing orders above the current daily high. The target for any long side move initially being overhead Fibonacci resistance and then the upward sloping trend line. A corrective pullback is a possibility and we are therefore monitoring the power of the next correction to see how this impacts the potential changes of trend. If a new HL can be formed then this will of course give further confirmation to the long side. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 12th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1204/gbp.gif Comments Further to yesterdays commentary GBPUSD continues to trade above support and the 8 period moving averages. We are monitoring a potential move to the downward sloping trend line. Alternatively, if GBPUSD fails to hold above the last isolated HL then there is a possibility of a move to the last 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 Gold as at 12th April 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1577 – 1599.25 Target 1 : 1539.30 Target 2 : 1526.85 Stop : 1616.60 http://www.acfx.com/content/images/analysis/April13/1204/gold.gif Comments As posted yesterday, Gold has broken down from Fibonacci resistance and the moving averages. We are currently monitoring 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 12th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 91.70 – 87.90 Target 1 : 98.20 Target 2 : 100.40 Stop : 85.20 http://www.acfx.com/content/images/analysis/April13/1204/oil.gif Comments Oil did attempt to trade above the 8 period moving averages only to fall back and is now trading beneath the 34 period moving averages. We are monitoring a possible move to the trend line support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 12th April 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://www.acfx.com/content/images/analysis/April13/1204/chf.gif Comments The price action continues to trade above both daily, weekly Fibonacci and trend line support we are monitoring the price action for potential buying opportunities. However there is a potential that USDCHF drops a further 170 pips into this Fibonacci zone therefore one could possibly ignore any further longs until the price action has retraced sufficiently into this area. Traders with a more aggressive risk profile could possibly enter off signs of intraday positive rotation with an initial target being the 8 period moving averages. However as there is an established bearish LH LL combination the short side on approaches to the 8 period moving average could also offers some down side opportunity. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 12th April 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://www.acfx.com/content/images/analysis/April13/1204/jpy.gif Comments As commented yesterday, USDJPY continues to edge closer to the 100 level but at a somewhat slow pace. However the price action is somewhat extended from the averages and we have a pronounced RSI negative divergence setting up. The question is does USDJPY go down first before it tests the 100 level or does it make an attempt to push through this level now. Very exciting times if you trade this currency pair. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 7, 2013 Author Report Share Posted May 7, 2013 Daily Technical Analysis for Oil (WTI) as at 7th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/070513/oil_zpsfd900896.gif Comments Oil failed in its attempt to reach Target 1 from its bounce off Fibonacci resistance and has now put in a HL and HH combination. This has coincided with the 8 moving above the 34 period moving averages. As the price action is extended from the averages we are monitoring the possibility of a corrective pull back prior to a further up move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for EURUSD as at 7nd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.2970 – 1.2845 Target 1 : 1.3200 Target 2 : 1.3710 Stop : 1.2745 http://i1359.photobucket.com/albums/q783/acfxuser1/070513/eur_zpsea39e90e.gif Comments After hitting Target 1, EURUSD has retraced back to the averages. We are monitoring the price action at these levels to see if the price action rotates positively prior to making an attempt to take out the prior swing high. Alternatively if EURUSD can close beneath the 8 period moving averages then the next potential down side target is the 34 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 7th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/070513/gold_zps7e9db9d3.gif Comments As posted previously, GBPUSD broke and closed above the downward sloping trend line. As the price action continues to be extended from the averages a corrective pullback remains a possibility. However as the price action has broken resistance there is potential for a move the prior broken 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 7th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/070513/chf_zpsf34be475.gif Comments USDCHF has experience a positive rotation within Fibonacci support. We are currently monitoring the price action to see if USDCHF can complete its attempt of trading above the last swing high Alternatively, if USDCHF can once again breach trend line support there remains potential for a move to the area of the last swing low. 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 May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/070513/jpy_zpsf0be82bf.gif Comments Following the positive RSI divergence USDJPY bounced off the34 period moving averages and is now trading above the 8 period moving averages. We are monitoring a potential third attempt on breaching the 100 level. Alternatively if USDJPY can trade beneath the 34 period moving averages there is potential for further selling resulting in a deeper move into Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 7th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/070513/gbp_zps4d03c540.gif Comments As mentioned previously, Gold moved into Fibonacci resistance and is now trading at a previously broken trend line. We are monitoring the price action at these levels for potential negative rotation. Alternatively if Gold can break above trend line resistance a move to the 34 period moving averages is a possibility. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 8, 2013 Author Report Share Posted May 8, 2013 Daily Technical Analysis for EURUSD as at 8th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.2970 – 1.2845 Target 1 : 1.3200 Target 2 : 1.3710 Stop : 1.2745 http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/eur_zpsc079f23e.gif Comments EURUSD continues to trade just beneath the 8 period moving averages. We are monitoring a potential move to the prior swing high. Alternatively if EURUSD cannot close above the 8 period moving averages then the next potential down side target is the 34 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 8th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/gbp_zps4d4ddf1d.gif Comments Yesterday GBPUSD broke and closed beneath the downward sloping trend line and 8 period moving averages. We are monitoring a possible move to Fibonacci support. Alternatively if GBPUSD can close above the 8 period moving average, there is potential for a move to the area of the last HH. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 8th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/chf_zpsec1d1d34.gif Comments USDCHF has traded up to and closed above the 34 period moving averages. We are currently monitoring the price action to see if USDCHF can complete its attempt of trading above the last swing high Alternatively, if USDCHF can once again breach trend line support there remains potential for a move to the area of the last swing low. 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 May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/jpy_zps3c1f8b28.gif Comments As per our prior posting, following the positive RSI divergence USDJPY bounced off the34 period moving averages and is now trading above the 8 period moving averages. We are monitoring a potential third attempt on breaching the 100 level. Alternatively if USDJPY can trade beneath the 34 period moving averages there is potential for further selling resulting in a deeper move into Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 8th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/oil_zps40c32460.gif Comments Oil continues to trade within a tight range at the highs of the last move. We are monitoring a potential move into the area of the 1st April high. Alternatively as the price action is extended from the averages we are monitoring the possibility of a corrective pull back prior to a further up move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 8th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/08052013/gold_zps6599b5f7.gif Comments Gold yesterday closed beneath the 8 period moving averages and as mentioned previously, bounced off Fibonacci resistance and a previously broken trend line. We are monitoring the price action at these levels for potential move to Target 1. Alternatively if Gold can break above trend line resistance a move to the 34 period moving averages is a possibility. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 9, 2013 Author Report Share Posted May 9, 2013 Daily Technical Analysis for EURUSD as at 9th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.2970 – 1.2845 Target 1 : 1.3200 Target 2 : 1.3710 Stop : 1.2745 http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/eur_zpsb690594e.gif Comments Yesterday EURUSD bounced from the 8 period moving averages. We continue to monitor a potential move to the prior swing high. Alternatively if EURUSD a fails to make a move higher we could possible see the price action trade down to the 34 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 9th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/gbp_zps0d36f9c3.gif Comments Yesterday GBPUSD held its support at the downward sloping trend line. If GBPUSD can close above the 8 period moving average, there is potential for a move to the area of the last HH. Alternatively if GBPUSD cannot breach the last HH, a break of support could possible see GBPUSD move to Fibonacci and upward sloping trend line 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 9th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/gold_zps0eed9d7c.gif Comments Gold continues to trade within Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for potential move to Target 1. Alternatively as Gold has broken above trend line resistance a move to the 34 period moving averages is a possibility. 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 9th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/oil_zps8cb63a1b.gif Comments As posted previously, Oil continues to trade within a tight range at the highs of the last move. We are monitoring a potential move into the area of the 1st April high. Alternatively as the price action is extended from the averages we are monitoring the possibility of a corrective pull back prior to a further up move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 9th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/chf_zps4f99fa12.gif Comments USDCHF has initially failed to hold above the 34 period moving averages. We are currently monitoring the price action to see if USDCHF can trade to the last swing low and into Fibonacci support. Alternatively, if USDCHF can once again trade above trend line support there remains potential for a move to the area of the last Swing High. 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 9th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/ACFX%20from%2009052013/jpy_zps2f2308da.gif Comments As per our prior posting, following the positive RSI divergence USDJPY bounced off the34 period moving averages and is now trading above the 8 period moving averages. We are monitoring a potential third attempt on breaching the 100 level. Alternatively if USDJPY can trade beneath the 34 period moving averages there is potential for further selling resulting in a deeper move into Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 10, 2013 Author Report Share Posted May 10, 2013 Daily Technical Analysis for USDJPY as at 10th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/jpy_zps9a4991b3.gif Comments USDJPY has dramatically broken the 100 level and in the process traded through Target 1. There is potentially clear daylight for USDJPY to reach the 110 level. We are monitoring the price action to see if the upward momentum continues and which leads to USDJPY trading higher. However a large negative divergence is forming on the Weekly time frame and this needs to be considered when considering any position plays on the long side for USDJPY. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for EURUSD as at 10th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.2970 – 1.2845 Target 1 : 1.3200 Target 2 : 1.3710 Stop : 1.2745 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/eur_zps46fa4a2e.gif Comments Yesterday after initially trading higher EURUSD collapsed before finding support at the 34 period moving averages. We are monitoring the price action at these levels to see if support can hold prior to a resumption of the uptrend. Alternatively if EURUSD a fails hold support at the 34 period moving averages there is potential for a move to the prior Swing Low. 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 10th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/gbp_zps745be8fa.gif Comments Yesterday GBPUSD traded lower but continues to find support in the area of the downward sloping trend line and 8 period moving averages. If GBPUSD can close above the 8 period moving average, there is potential for a move to the area of the last HH. Alternatively if GBPUSD cannot breach the last HH, a break of support could possible see GBPUSD move to Fibonacci and upward sloping trend line 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 10th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/gold_zps59b84277.gif Comments As posted previously, Gold continues to trade within Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for potential move to Target 1. Alternatively as Gold has broken above trend line resistance a move to the 34 period moving averages is a possibility. 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 10th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/oil_zps50cae439.gif Comments As posted previously, Oil continues to trade within a tight range at the highs of the last move. We are monitoring a potential move into the area of the 1st April high. Alternatively as the price action is extended from the averages we are monitoring the possibility of a corrective pull back prior to a further up move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 10th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2010052013/chf_zps5627f85c.gif Comments Yesterday USDCHF experienced a dramatic reversal and traded higher from the averages and the upward sloping trend line. This morning the move has continued with the price action breaching the prior Swing High. We are monitoring the price action to see if the upward momentum continues and takes USDCHF to the area of the March 2013 highs. This would probably lead to a golden cross of the moving averages. Alternatively as the price action is extended, there is potential that USDCHF trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 13, 2013 Author Report Share Posted May 13, 2013 Daily Technical Analysis for EURUSD as at 13th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2013052013/eur_zps864d461e.gif Comments EURUSD failed to hold support at the 34 period moving averages and has breached the prior swing low therefore switching the trend from long to short. We are monitoring the price action at these levels to see if EURUSD can trade beneath Friday’s low and continue down to the upward sloping trend line. Continued downward momentum may also possibly see the 8 period moving averages cross beneath the 34 period moving averages which would confirm the new down trend. Alternatively if EURUSD can hold support at this area then there is potential for a base forming which could see the price action propelled up to 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 GBPUSD as at 13th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2013052013/gbp_zps50bb16a1.gif Comments GBPUSD has traded into Fibonacci support and upward sloping trend line. We are monitoring the price action to see if GBPUSD can find support at these levels prior to trading to the downward sloping trend line prior to possibly breaching the prior swing high. Alternatively if GBPUSD can breach the upward sloping trend line there is potential for a move to the prior swing low. 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 13th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2013052013/chf_zps969966c7.gif Comments We mention of Friday “We are monitoring the price action to see if the upward momentum continues and takes USDCHF to the area of the March 2013 highs. This would probably lead to a golden cross of the moving averages.” This scenario happened and effectively the trend has turned positive with the breach of the prior swing high. USDCHF could potentially trade down to sideways so as to allow the averages can catch up with the price action Alternatively the upward momentum could continue with a possible target being the 161.80 Fibonacci expansion level. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 14, 2013 Author Report Share Posted May 14, 2013 Daily Technical Analysis for GBPUSD as at 14th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/gbp_zps1818a76f.gif Comments GBPUSD closed beneath the upward sloping trend line but still within Fibonacci support. We are monitoring the price action to see if GBPUSD can find support at these levels prior to trading to the downward sloping trend line prior to possibly breaching the prior swing high. Alternatively as GBPUSD has breached the upward sloping trend line there is potential for a move to the prior swing low. 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 EURUSD as at 14th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/eur_zps1e6d1740.gif Comments As posted previously, “EURUSD failed to hold support at the 34 period moving averages and has breached the prior swing low therefore switching the trend from long to short.” We are monitoring the price action at these levels to see if EURUSD can trade beneath Friday’s low and continue down to the upward sloping trend line. Continued downward momentum may also possibly see the 8 period moving averages cross beneath the 34 period moving averages which would confirm the new down trend. Alternatively if EURUSD can hold support at this area then there is potential for a base forming which could see the price action propelled up to 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 13th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/chf_zpsa1bbd366.gif Comments As mentioned yesterday USDCHF has traded down from its highs in what can possibly view as a correction. We are monitoring the potential for a further correction to the area of the prior Swing High followed by further targets being the 8 period moving average and Fibonacci support. Alternatively this downward correction could end with a resumption of upward momentum with a possible target being the 161.80 Fibonacci expansion level. 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 14th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/jpy_zpsf5881f2e.gif Comments As mention previously “USDJPY has dramatically broken the 100 level and in the process traded through Target 1.” We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 14th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/jpy_zpsf5881f2e.gif Comments Gold has broken down from Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for 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 Oil (WTI) as at 14th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2014052013/oil_zpsfe73d86f.gif Comments As posted previously, Oil on Friday aggressively traded down before bouncing at Fibonacci support. Oil is effectively trading at the top of a large Monthly and Weekly triangle Oil needs to close above this triangle for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will need to initially breach the significant 100 level. Alternatively if Oil cannot break the triangle top could lead to the possibility of moving back to Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 15, 2013 Author Report Share Posted May 15, 2013 Daily Technical Analysis for EURUSD as at 15th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/eur_zpsc12b9b58.gif Comments EURUSD continues to trade lower. We are monitoring a possible move down to the upward sloping trend line. A black cross down trend confirmation is in the process of forming with the 8 period moving averages attempting to cross beneath the 34 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 15th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.5400 – 1.5280 Target 1 : 1.5670 Target 2 : 1.5845 Stop : 1.5195 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/gbp_zps23a7aafb.gif Comments Although GBPUSD closed beneath the upward sloping trend line and slice through Fibonacci support the price action has failed thus far to breach the prior swing low. As long as this is the case the trend is still positive. We are monitoring the price action to see if GBPUSD can find support at these levels prior to trading to the downward sloping trend line prior to possibly breaching the prior swing high. Alternatively as GBPUSD has breached the upward sloping trend line there is potential for a breach of the prior swing low. 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 15th May 2013 DAILY OVERVIEW Trend : - Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/chf_zps35692c8a.gif Comments USDCHF initially traded lower only to reverse and close above the prior high on its potential approach to the 161.80 Fibonacci expansion level. Alternatively as the price action is extended from the averages there is a possibility that USDCHF corrects down to the prior Swing High followed by further targets being the 8 period moving average and Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 15th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 96.00 – 94.30 Target 1 : 98.85 Target 2 : 100.45 Stop : 92.55 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/jpy_zpsb3e0894d.gif Comments As mention previously “USDJPY has dramatically broken the 100 level and in the process traded through Target 1.” We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 15th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/gold_zps4b296fd0.gif Comments As posted previously Gold has broken down from Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for 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 Oil (WTI) as at 15th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.60 – 91.60 Target 1 : 97.10 Target 2 : 100.00 Stop : 90.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2015052013/oil_zps55122bca.gif Comments As posted previously, Oil on Friday aggressively traded down before bouncing at Fibonacci support. Oil is effectively trading at the top of a large Monthly and Weekly triangle Oil needs to close above this triangle for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will need to initially breach the significant 100 level. Alternatively if Oil cannot break the triangle top could lead to the possibility of moving back to Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 16, 2013 Author Report Share Posted May 16, 2013 Daily Technical Analysis for EURUSD as at 16th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/eur_zps3a68c9ed.gif Comments EURUSD yesterday traded down to the upward sloping trend line and this has been followed by a black cross down trend confirmation where the 8 period moving averages have crossed beneath the 34 period moving averages. A break of the upward sloping trend line has the potential to follow through to the area of the 4th April Swing Low. Alternatively as the price action is extended from the averages there is a possibility that EURUSD bounces from trend line support with the initial target being the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 16th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/gbp_zps76cbe742.gif Comments Following the break of trend line support the price action has now breached the prior swing low therefore changing the trend to negative. We are monitoring a potential move to the 1.5030 area which is a pivot low for the 4th April. Alternatively as GBPUSD is extended from its averages there is a possibility that trades up to the area of the 8 period moving averages. This area also coincides with broken trend line support which now becomes resistance and Fibonacci resistance. 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 16th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/chf_zps6da46c55.gif Comments USDCHF has hit and rejected the 161.80 target level. As the price action is extended from the averages there is a possibility that USDCHF corrects down to the prior Swing High followed by further targets being the 8 period moving average and Fibonacci support. Alternatively, a further break of the 161.8 level has the potential to follow through to the 200 Fibonacci extension level with further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. 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 16th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/jpy_zps0191a37e.gif Comments USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 16th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/gold_zpsd8791565.gif Comments As posted previously Gold has broken down from Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for 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 Oil (WTI) as at 16th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.60 – 91.60 Target 1 : 97.10 Target 2 : 100.00 Stop : 90.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2016052013/oil_zps49524aff.gif Comments Oil has traded down into Fibonacci and trend line support where it experienced a significant bounce and where a bullish candle stick hammer formed. Oil however continues to trade near the highs of a large Monthly and Weekly triangle. Oil needs to close above this triangle for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will need to initially breach the significant 100 level. Alternatively if Oil cannot move higher from these levels and break the triangle top could lead to the possibility that we see a further pull back with the initial target being the last swing low. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 17, 2013 Author Report Share Posted May 17, 2013 Daily Technical Analysis for EURUSD as at 17th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/eur_zps9cdf52c8.gif Comments As posted previously, EURUSD yesterday traded down to the upward sloping trend line and this has been followed by a black cross down trend confirmation where the 8 period moving averages have crossed beneath the 34 period moving averages. A break of the upward sloping trend line has the potential to follow through to the area of the 4th April Swing Low. Alternatively as the price action is extended from the averages there is a possibility that EURUSD bounces from trend line support with the initial target being the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 17th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/gbp_zps58943ec6.gif Comments As posted previously, following the break of trend line support the price action has now breached the prior swing low therefore changing the trend to negative. We are monitoring a potential move to the 1.5030 area which is a pivot low for the 4th April. Alternatively as GBPUSD is extended from its averages there is a possibility that trades up to the area of the 8 period moving averages. This area also coincides with broken trend line support which now becomes resistance and Fibonacci resistance. 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 17th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/chf_zps48577e12.gif Comments USDCHF has hit and rejected the 161.80 target level and traded down to the 8 period moving averages. We are monitoring the potential for a further break of the 161.8 level. A move above this level has the potential to follow through to the 200 Fibonacci extension level with further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Alternatively a failure to break above the 161.8 level could possibly lead to a deeper pullback into Fibonacci support. This would coincide with the formation of a weekly negative RSI divergence. 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 17th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/jpy_zpsda1a82ff.gif Comments As posted previously, USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 17th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/gold_zpsd7a63c7e.gif Comments As posted previously Gold has broken down from Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for 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 Oil (WTI) as at 17th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.60 – 91.60 Target 1 : 97.10 Target 2 : 100.00 Stop : 90.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2017052013/oil_zps91dc4603.gif Comments Oil experienced a good move up off Fibonacci and trend line support but continues to trade near the highs of a large Monthly and Weekly triangle. Oil needs to close above this triangle for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will need to initially breach the significant 100 level. Alternatively if Oil cannot move higher from these levels and break the triangle top could lead to the possibility that we see a further pull back with the initial target being the last swing low. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 20, 2013 Author Report Share Posted May 20, 2013 Daily Technical Analysis for EURUSD as at 20th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/eur_zps9d5e2ab1.gif Comments EURUSD is attempting to close beneath the upward sloping trend line. We are monitoring a potential move to the area of the 4th April Swing Low. Alternatively as the price action is extended from the averages there is a possibility that EURUSD bounces from trend line support with the initial target being the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 20th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/gbp_zps495ca3bb.gif Comments GBPUSD continues to trade lower, following the break of trend line support the price action has now breached the prior swing low therefore changing the trend to negative. We are monitoring a potential move to the 1.5030 area which is a pivot low for the 4th April. Alternatively as GBPUSD is extended from its averages there is a possibility that trades up to the area of the 8 period moving averages. This area also coincides with broken trend line support which now becomes resistance and Fibonacci resistance. 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 20th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/chf_zps15108f80.gif Comments USDCHF has again traded up to the 161.80 extension level We are monitoring the potential for a further break of the 161.8 level. A move above this level has the potential to follow through to the 200 Fibonacci extension level with further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Alternatively a failure to break above the 161.8 level could possibly lead to a deeper pullback into Fibonacci support. This would coincide with the formation of a weekly negative RSI divergence. 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 20th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/jpy_zps5df2161d.gif Comments As posted previously, USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 20th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/gold_zpsf088163e.gif Comments As posted previously Gold has broken down from Fibonacci resistance and at the 8 period moving averages. We are monitoring the price action at these levels for 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 Oil (WTI) as at 20th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 93.60 – 91.60 Target 1 : 97.10 Target 2 : 100.00 Stop : 90.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2020052013/oil_zpsa57eda1b.gif Comments As posted previously Oil experienced a good move up off Fibonacci and trend line support but continues to trade near the highs of a large Monthly and Weekly triangle. Oil needs to close above this triangle for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will need to initially breach the significant 100 level. Alternatively if Oil cannot move higher from these levels and break and close above the triangle top could lead to the possibility that we see a further pull back with the initial target being the last swing low. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 21, 2013 Author Report Share Posted May 21, 2013 Daily Technical Analysis for EURUSD as at 21st May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/eur_zps0b919712.gif Comments EURUSD is bouncing at trend line support. We are monitoring the price action to see if there is a potential move up to Fibonacci resistance. Alternatively as EURUSD is now trading at the 8 period moving averages there is a possibility of a rejection of this level followed by a move to the 4th April Swing Low. 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 21st May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/gbp_zps9f26023a.gif Comments GBPUSD is basing just under the 1.5270 support area. We are monitoring a potential move to Fibonacci resistance. Alternatively as the price action has traded back to the 8 period moving averages there is possibility that there is a rejection of this level followed by a move to the 1.5030 area which is a pivot low for the 4th April. 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 21st May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/chf_zpse94c357b.gif Comments USDCHF has once again traded up to and rejected the 161.80 extension level. Furthermore a pronounced negative RSI divergence is forming. We are monitoring the potential for a further break of the 161.8 level. A move above this level has the potential to follow through to the 200 Fibonacci extension level with further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Alternatively a failure to break above the 161.8 level could possibly lead to a deeper pullback into Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 21th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/jpy_zpsb929d9b9.gif Comments As posted previously, USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 21st May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/gold_zps6b62f8ea.gif Comments Gold has traded back to the 8 period moving averages. We continue to monitor the price action at these levels for 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 Oil (WTI) as at 21st May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2021052013/oil_zpsa946e614.gif Comments Oil has now closed above the weekly and monthly triangle resistance and in the process put in place a HH, HL, HH combination. We are monitoring the possibility for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will first need to initially breach the significant 100 level. Alternatively if Oil cannot move higher from these levels could lead to the possibility that we see a further pull back to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 22, 2013 Author Report Share Posted May 22, 2013 Daily Technical Analysis for EURUSD as at 22nd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/eur_zps22e672b6.gif Comments As posted previously EURUSD is bouncing at trend line support. We are monitoring the price action to see if there is a potential move up to Fibonacci resistance. Alternatively as EURUSD is now trading at the 8 period moving averages there is a possibility of a rejection of this level followed by a move to the 4th April Swing Low. 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 22nd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/gbp_zpsa73d4bfa.gif Comments As posted previously GBPUSD is basing just under the 1.5270 support area. We are monitoring a potential move to Fibonacci resistance. Alternatively as the price action has traded back to the 8 period moving averages there is possibility that there is a rejection of this level followed by a move to the 1.5030 area which is a pivot low for the 4th April. 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 22nd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/chf_zpsccd2ca68.gif Comments As posted previously USDCHF has once again traded up to and rejected the 161.80 extension level. Furthermore a pronounced negative RSI divergence is forming. We are monitoring the potential for a further break of the 161.8 level. A move above this level has the potential to follow through to the 200 Fibonacci extension level with further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Alternatively a failure to break above the 161.8 level could possibly lead to a deeper pullback into Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 22nd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/jpy_zpsf8de5f4a.gif Comments As posted previously, USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 22nd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/gold_zpsa75b3086.gif Comments As posted previously Gold has traded back to the 8 period moving averages. We continue to monitor the price action at these levels for 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 Oil (WTI) as at 22nd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2022052013/oil_zpsa9c859e4.gif Comments After closing above the weekly and monthly triangle resistance Oil has experienced a minor pullback. We are monitoring the possibility for the upward momentum to continue with the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will first need to initially breach the significant 100 level. Alternatively if Oil cannot move higher from these levels could lead to the possibility that we see a further pull back to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 23, 2013 Author Report Share Posted May 23, 2013 Daily Technical Analysis for EURUSD as at 23rd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/eur_zps607e10a9.gif Comments EURUSD yesterday spiked higher only to fallback and close at it lows. The price action continues to bounce around the upward sloping trend line. We are monitoring a potential move up to Fibonacci resistance. Alternatively as EURUSD is now trading at the 8 period moving averages there is a possibility of a rejection of this level followed by a move to the 4th April Swing Low. 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 23rd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/gbp_zpsf3bc065a.gif Comments GBPUSD yesterday traded lower and has closed beneath the low for the 4th April. We are monitoring a potential move to the pivot low of 12th March with initial support possibly coming in at trend line support in and around the 1.4900 area. Alternatively as the price action is extended from the averages there is potential for a pullback initially to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 23rd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/chf_zps068d702c.gif Comments USDCHF has slashed through the 161.80 Fibonacci extension level and has touched the 200 level. We are monitoring a potential move to further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Alternatively as the price action is extended from the averages there is a possibility for the price action to retrace so as to allow for a correction. 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 23rd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/jpy_zpscce2db0b.gif Comments As posted previously, USDJPY continues to trade at its highs without making any significant progress over the past few sessions. The RSI is showing a weekly negative divergence. We have identified 110 as the next potential swing target and the 104 area as a possible Fibonacci expansion target. Alternatively as the price action is extended, there is potential that USDJPY trades down to sideways as this currency pair corrects and allows the averages to catch up with the last move. Initially support for a possible correction being found at the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Gold as at 23rd May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/gold_zpsc868951a.gif Comments As posted previously Gold has traded back to the 8 period moving averages. We continue to monitor the price action at these levels for 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 Oil (WTI) as at 23rd May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2023052013/oil_zps55130fac.gif Comments Oil has pull backed following its move above the weekly and monthly triangle resistance. This pullback has corrected down to daily Fibonacci support. We are monitoring the price action at these levels for a possible resumption of the uptrend with possible targets being the 138.2% Fibonacci Expansion level in the area of 103 being a potential target. However Oil will first need to initially breach the significant 100 level. Alternatively if Oil cannot find support at these levels there is a possibility for a move initially to broken 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 24, 2013 Author Report Share Posted May 24, 2013 Daily Technical Analysis for EURUSD as at 24th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1.3015 – 1.3145 Target 1 : 1.2795 Target 2 : 1.2745 Stop : 1.3245 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/eur_zpse8f62432.gif Comments The swing bias remains negative with the averages confirming this direction. The price action continues to range around the upward sloping trend line and between both the short and long moving averages. Scenario 1 We are monitoring a potential break down in the direction of the 4th April Swing Low. Scenario 2 Alternatively EURUSD could possibly retrace up the long average and Fibonacci resistance level. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 24th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/gbp_zps31761aba.gif Comments GBPUSD on a swing basis continues to have a negative bias and is trading under both the short and long moving averages. Scenario 1 We are monitoring a potential move to the pivot low of 12th March. However an uptrend line may initially offer support at around the 1.4900 area. Scenario 2 Alternatively as the price action is extended from the averages there is potential for a pullback initially to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 24th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/chf_zps73622fa3.gif Comments USDCHF on a swing basis continues to trend positively with the moving averages confirming the trend. Currently the price action is ranging between the 161.80 and 200 percent expansion levels. Scenario 1 We are monitoring a potential move to further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Scenario 2 Alternatively as the price action is extended from the averages there is a possibility for the price action to retrace so as to allow for an orderly correction. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 24th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 100.50 – 98.40 Target 1 : 104.00 Target 2 : 110.00 Stop : 97.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/jpy_zpsa7d30546.gif Comments USDJPY on a swing basis continues to trend positively with the moving averages confirming the market direction. However yesterday price action rejected the 161.80 Fibonacci expansion level and USDJPY has subsequently corrected down to a level slightly above the 34 period moving averages and Fibonacci support. This move was in line with the negative weekly RSI divergence that was identified in prior postings. We have identified the following levels as possible long targets. 1. A retouch of 104.00 being the 161.80 Fibonacci Expansion target. 2. The 105.00 level being the 200 percent Fibonacci Expansion target. 3. Around 108.00 being long term trend line resistance. 4. 110.00 being a prior Swing High Pivot. Scenario 1 A move down to Fibonacci support could offer a potential opportunity to buy USDJPY with targets mentioned coming into focus. Scenario 2 Alternatively if the price action can breach and close beneath the long average there is a possibility for a further move to trend line 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 24th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/gold_zpsca74a244.gif Comments Gold on a swing basis is trading negatively with the moving averages confirming the trend. However the price action has retraced to the small average thus creating the possibility of a Higher Low and double bottom scenario. That said as the trend is negative the focus will continue on the short side. Scenario 1 We are monitoring the price action at the area of the 8 period moving averages so as to identify possible selling opportunities. Scenario 2 Alternatively if Gold can close above the 8 period moving averages the potential for a move to Fibonacci resistance comes into play. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 24th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 94.45 – 93.00 Target 1 : 97.30 Target 2 : 99.00 Stop : 92.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2024052013/oil_zpsa27da197.gif Comments Oil on a swing basis continues to trade positively with the moving averages confirming the direction. However Oil has pullback into Fibonacci support where it touched and rejected a prior broken up trend line. The bigger picture continues to be one where the price action is trading near the top of a large monthly converging triangle. Scenario 1 We are monitoring the price action at these levels for a possible resumption of the uptrend with possible targets being the 100 % and 138.2% Fibonacci Expansion level in the areas of 99.00 and 103.00 respectively. However the psychological 100.00 level will need to be broken for any further upside to continue. Scenario 2 Alternatively if Oil cannot find support at these levels there is a possibility of a retest of the prior broken 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 27, 2013 Author Report Share Posted May 27, 2013 Daily Technical Analysis for EURUSD as at 27th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1.3015 – 1.3145 Target 1 : 1.2795 Target 2 : 1.2745 Stop : 1.3245 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/eur_zpsf7718c4b.gif Comments The swing bias remains negative with the averages confirming this direction. The price action continues to range around the upward sloping trend line and between both the short and long moving averages. Scenario 1 We are monitoring a potential break down in the direction of the 4th April Swing Low. Scenario 2 Alternatively EURUSD could possibly retrace up the long average and Fibonacci resistance level. 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 27th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/gbp_zps655776be.gif Comments GBPUSD on a swing basis continues to have a negative bias and is trading under both the short and long moving averages. Scenario 1 We are monitoring a potential move to the pivot low of 12th March. However an uptrend line may initially offer support at around the 1.4900 area. Scenario 2 Alternatively as the price action is extended from the averages there is potential for a pullback initially to the 8 period moving averages. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 27th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/chf_zps9c1a7afe.gif Comments USDCHF on a swing basis continues to trend positively with the moving averages confirming the trend. Currently the price action has retraced from the Fibonacci expansion area and moved back into the averages. The next potential support level is at the prior swing high to be found at 0.9550. Scenario 1 We are monitoring a potential move to further targets being 0.9970 which corresponds to a prior Swing High and then the significant USDCHF 1.0000 level. Scenario 2 Alternatively the price action could possibly continue its correction down to Fibonacci support. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 27th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 100.50 – 98.40 Target 1 : 104.00 Target 2 : 110.00 Stop : 97.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/jpy_zpsf5583579.gif Comments USDJPY on a swing basis continues to trend positively with the moving averages confirming the market direction. However yesterday price action rejected the 161.80 Fibonacci expansion level and USDJPY has subsequently corrected down to a level slightly above the 34 period moving averages and Fibonacci support. The RSI has not confirmed this move down as a positive divergence is forming. This would possibly imply that support could hold. We have identified the following levels as possible long targets. 1. A retouch of 104.00 being the 161.80 Fibonacci Expansion target. 2. The 105.00 level being the 200 percent Fibonacci Expansion target. 3. Around 108.00 being long term trend line resistance. 4. 110.00 being a prior Swing High Pivot. Scenario 1 A move down to Fibonacci support could offer a potential opportunity to buy USDJPY with targets mentioned coming into focus. Scenario 2 Alternatively if the price action can breach and close beneath the long average there is a possibility for a further move to trend line 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 27th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/gold_zpsd61c5baf.gif Comments Gold on a swing basis is trading negatively with the moving averages confirming the trend. However the price action has retraced to the small average thus creating the possibility of a Higher Low and double bottom scenario. That said as the trend is negative the focus will continue on the short side. Scenario 1 We are monitoring the price action at the area of the 8 period moving averages so as to identify possible selling opportunities. Scenario 2 Alternatively if Gold can close above the 8 period moving averages the potential for a move to Fibonacci resistance comes into play. 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 27th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 94.45 – 93.00 Target 1 : 97.30 Target 2 : 99.00 Stop : 92.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2027052013/oil_zps891dc500.gif Comments Oil on a swing basis continues to trade positively with the moving averages confirming the direction. However Oil has pullback into Fibonacci support where it touched and rejected a prior broken up trend line. The bigger picture continues to be one where the price action is trading near the top of a large monthly converging triangle. Scenario 1 We are monitoring the price action at these levels for a possible resumption of the uptrend with possible targets being the 100 % and 138.2% Fibonacci Expansion level in the areas of 99.00 and 103.00 respectively. However the psychological 100.00 level will need to be broken for any further upside to continue. Scenario 2 Alternatively if Oil cannot find support at these levels there is a possibility of a retest of the prior broken 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 Quote Link to comment Share on other sites More sharing options...
Atlas CapitalFx Posted May 28, 2013 Author Report Share Posted May 28, 2013 Daily Technical Analysis for USDJPY as at 28th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 100.50 – 98.40 Target 1 : 104.00 Target 2 : 110.00 Stop : 97.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2028052013/jpy_zps43f665f3.gif Comments This morning USDJPY has opened positively. USDJPY on a swing basis continues to trend positively with the moving averages confirming the market direction. The price action has retraced and trading within the averages which could potentially offer a buying opportunity. The RSI is also diverging positively. We have identified the following levels as possible long targets. 1. A retouch of 104.00 being the 161.80 Fibonacci Expansion target. 2. The 105.00 level being the 200 percent Fibonacci Expansion target. 3. Around 108.00 being long term trend line resistance. 4. 110.00 being a prior Swing High Pivot. Scenario 1 A move down to Fibonacci support could offer a potential opportunity to buy USDJPY with targets mentioned coming into focus. Scenario 2 Alternatively if the price action can breach and close beneath the long average there is a possibility for a further move to trend line 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 28th May 2013 DAILY OVERVIEW Trend : Short Ambush Zone : 1452.60 – 1525.85 Target 1 : 1321.75 Target 2 : 1308.08 Stop : 1590.20 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2028052013/gold_zpsd6922994.gif Comments Gold has this morning opened negative to neutral. Gold on a swing basis is trading negatively with the moving averages confirming the trend. A failure to breach the 16th April low will effectively put in place a higher low. Scenario 1 As the price action has retraced between the averages this offers a potential selling opportunity as the trend is down. We are monitoring the price action at these levels so as to identify possible selling opportunities. Scenario 2 Alternatively as Gold has closed above the 8 period moving averages the potential for a move to Fibonacci resistance comes into play. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for Oil (WTI) as at 28th May 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 94.45 – 93.00 Target 1 : 97.30 Target 2 : 99.00 Stop : 92.00 http://i1359.photobucket.com/albums/q783/acfxuser1/DTA%2028052013/oil_zpsdee822e1.gif Comments Oil has this morning opened flat to positive. Oil on a swing basis continues to trade positively with the moving averages confirming the direction. However Oil has pullback into Fibonacci support where it touched and rejected a prior broken up trend line. The bigger picture continues to be one where the price action is trading near the top of a large monthly converging triangle. Scenario 1 We are monitoring the price action at these levels for a possible resumption of the uptrend with possible targets being the 100 % and 138.2% Fibonacci Expansion level in the areas of 99.00 and 103.00 respectively. However the psychological 100.00 level will need to be broken for any further upside to continue. Scenario 2 Alternatively if Oil cannot find support at these levels there is a possibility of a retest of the prior broken 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 Quote Link to comment Share on other sites More sharing options...
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