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Daily Technical Analyses from ACFX

AtlasCapitalFX

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Daily Technical Analysis for EURUSD as at 16thJanuary 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3195 – 1.3080
Target 1 : 1.3400
Target 2 : 1.3385
Stop : < 1.2995


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Comments
There has been a sufficient pull back to allow us to post the next possible Fibonacci support range. As previously mentioned the 8 period moving average may offer some initial 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 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6105 – 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825

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Comments
GBPUSD continues to trade around Fibonacci support with the previous 3 sessions trading within the range of the 10th January candle. We are monitoring for 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 Gold as at 16th January 2013
DAILY OVERVIEW
Trend : Short
Ambush Zone : 1660 – 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695

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Comments
This morning, Gold has open positively and is now trading above upper Fibonacci resistance level. Although the bias based upon the strategy remains negative our eye is drawn to a possible breach of the prior Lower High as this may indicate a termination or pause of this 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


Daily Technical Analysis for Oil (WTI) as at 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20

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Comments
The downward sloping trend line continues to offer strong resistance. We continue to monitor the price action for a possible attempt to once again breach this resistance or alternatively for oil to pull back in the direction of 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 USDCHF as at 16th January 2013
DAILY OVERVIEW
Trend : -
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

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Comments
Yesterday we saw a powerful move through the downward sloping trend line that was offering resistance. We have yet to see a 3 bar swing reversal which would change the bias to the long side however we have HH and HL Micro Swing pivots which combined with the trend line break points to a possible trend reversal or pause. For the shorts to stay in control, a down move needs to break the down trend line with conviction and then at least take out MS isolated 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 16th January 2013
DAILY OVERVIEW
Trend : Long
Ambush Zone : 88.65 -83.40
Target 1 : 89.70
Target 2 : 92.90
Stop : <81.65

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Comments
Yesterday’s close beneath the low of the prior isolated HH together with today’s negative open has allowed us to post a possible scenario. Our bias is long but with a preference to participate in the market in or around 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
 
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