Daily Technical Analysis for EURUSD as at 7TH February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3485 -1.3360
Target 1 : 1.3710
Target 2 : 1.4250
Stop : <1.3263

http://i1359.photobucket.com/albums/...psb8bf88c8.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend




Daily Technical Analysis for GBPUSD as at 7th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1.5780 – 1.5845
Target 1 : 1.5675
Target 2 : 1.5485
Stop : >1.5895

http://i1359.photobucket.com/albums/...ps5b70441d.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis.
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend


Daily Technical Analysis for USDCHF as at 7th February 2013

DAILY OVERVIEW
Trend : Short
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://i1359.photobucket.com/albums/...ps9862f560.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Technical Analysis for USDJPY as at 7th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://i1359.photobucket.com/albums/...ps015959e8.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Technical Analysis for Gold as at 7th February 2013

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1661.10 – 1640.80
Target 1 : 1696.40
Target 2 : 1723.30
Stop : <1625.80

http://i1359.photobucket.com/albums/...ps7e18be83.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



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

DAILY OVERVIEW
Trend : Long
Ambush Zone : -
Target 1 : -
Target 2 : -
Stop : -

http://i1359.photobucket.com/albums/...ps00a32fee.gif

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

Definitions
Trend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend