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  1. #1
    Atlas CapitalFx is offline Senior Member
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    Dec 2012
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    Default Daily Technical Analysis by ACFX.com (February)

    Daily Technical Analysis 13.2.2013 ACFX.com

    Daily Technical Analysis for EURUSD as at 13TH February 2013

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

    eur.jpg

    Comments
    EURUSD held above the lower level of the Fibonacci support which is just above the congestion zone and the 34 period moving averages. We are monitoring the price action to see if support can hold and possibly push EURUSD higher.

    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 February 2013


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

    gbp.jpg


    Comments

    GBPUSD yesterday breached by some distance the upward sloping trend line which is offering multi month support. However once breached, buyers came into the market to force a higher close and put in place a potentially bullish candle. Although technically we are still swing negative, we will monitor the price action at both the 8 period moving averages and the downward sloping trend line for possible negative rotation.

    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 February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    chf.jpg

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

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



    Daily Technical Analysis for USDJPY as at 13th February 2013

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

    jpy.jpg

    Comments
    USDJPY continues to bounce off the 8 period moving averages and has now traded back to this support area. We are monitoring the price action to see if USDJPY can once again possibly bounce from this 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 Gold as at 13th February 2013

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

    gold.jpg

    Comments
    The aggressiveness of Monday’s move was tempered slightly by yesterday’s higher close. The price action is swing negative with a potential Fibonacci resistance sell zone forming. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

    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 13th February 2013

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

    http://www.acfx.com/content/images/a...2/1302/oil.gif

    Comments
    Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  2. #2
    Atlas CapitalFx is offline Senior Member
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    Default

    Daily Technical Analysis for EURUSD as at 14TH February 2013

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

    eur.jpg

    Comments
    After making an initial bounce from the Fibonacci support area EURUSD is now experiencing a moderate pull back. We are monitoring the price action to see if support can hold and possibly push EURUSD higher.

    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 14th February 2013

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

    gbp.jpg

    Comments
    GBPUSD closed under multi month support off the back of a strong down day. Support effectively could become resistance. We are therefore monitoring moves back to resistance as a potential shorting 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 USDCHF as at 14th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    chf.jpg

    Comments
    USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels.

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


    Daily Technical Analysis for USDJPY as at 14th February 2013

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

    jpy.jpg

    Comments
    As posted previously “USDJPY continues to bounce off the 8 period moving averages and has now traded back to this support area. We are monitoring the price action to see if USDJPY can once again possibly bounce from this 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 Gold as at 14th February 2013

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

    gold.jpg

    Comments
    Gold is at the moment holding near the lows of the last isolated swing low. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

    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 February 2013

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

    http://www.acfx.com/content/images/a...2/1402/oil.gif

    Comments

    As posted previously “Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  3. #3
    Atlas CapitalFx is offline Senior Member
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    Default

    Daily Technical Analysis for Gold as at 15th February 2013



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



    Comments
    Gold continues to trade lower. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

    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 15TH February 2013



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


    Comments
    The initial bounce from the Fibonacci support area failed but EURUSD did find support at the 34 period moving averages and the previous congestion zone. We are monitoring the price action to see if support can hold at these levels.

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

    Daily Technical Analysis for USDJPY as at 15th February 2013



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


    Comments
    USDJPY has closed beneath the 8 period moving averages and is this morning trading beneath it. We are monitoring a possible move to the 34 period moving averages where support may be found.

    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 February 2013



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

    Comments
    As posted previously “Oil continues to trade above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  4. #4
    Atlas CapitalFx is offline Senior Member
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    Default

    Daily Technical Analysis for GBPUSD as at 15th February 2013



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



    Comments
    As posted previously “GBPUSD closed under multi month support off the back of a strong down day. Support effectively could become resistance. We are therefore monitoring moves back to resistance as a potential shorting 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

  5. #5
    Atlas CapitalFx is offline Senior Member
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    Default

    Daily Technical Analysis for EURUSD as at 18TH February 2013

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

    eur.jpg

    Comments
    Although the initial bounce from the Fibonacci support area failed Friday’s price action showed only limited bearishness. We are monitoring the price action to see if support can hold at these levels.

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


    Daily Technical Analysis for GBPUSD as at 18th February 2013

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

    gbp.jpg

    Comments
    Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time.

    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 18th February 2013

    DAILY OVERVIEW

    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    chf.jpg

    Comments
    As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels”.

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


    Daily Technical Analysis for USDJPY as at 18th February 2013

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

    jpy.jpg

    Comments
    Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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


    Daily Technical Analysis for Gold as at 18th February 2013

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

    gold.jpg

    Comments
    As posted previously “Gold continues to trade lower. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation”.

    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 18th February 2013

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

    http://www.acfx.com/content/images/a...2/1802/oil.gif

    Comments
    Oil on Friday made and attempt to breach but bounced off the 34 period moving averages. The bounce however was not enough to push Oil above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  6. #6
    Atlas CapitalFx is offline Senior Member
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    Default

    Daily Technical Analysis for EURUSD as at 19TH February 2013

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

    http://http://www.acfx.com/content/i...2/1902/eur.gif

    Comments
    EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold at these levels.

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


    Daily Technical Analysis for GBPUSD as at 19th February 2013

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

    http://http://www.acfx.com/content/i...2/1902/gbp.gif

    Comments
    As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

    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 19th February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    http://http://www.acfx.com/content/i...2/1902/chf.gif

    Comments
    As posted previously “USDCHF has traded back into and has initially rejected Fibonacci resistance. We are monitoring the price action for a possible negative rotation at these levels”.

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


    Daily Technical Analysis for USDJPY as at 19th February 2013

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

    http://http://www.acfx.com/content/i...2/1902/jpy.gif

    Comments
    As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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


    Daily Technical Analysis for Gold as at 19th February 2013

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

    http://http://www.acfx.com/content/i.../1902/gold.gif

    Comments
    Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation.

    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 19th February 2013

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

    http://http://www.acfx.com/content/i...2/1902/oil.gif

    Comments
    Oil continues to trade between the 8 and 34 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  7. #7
    Atlas CapitalFx is offline Senior Member
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    Dec 2012
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    Default

    Daily Technical Analysis for EURUSD as at 20TH February 2013

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

    http://http://www.acfx.com/content/i...2/2002/eur.gif

    Comments
    As posted previously “EURUD continues to consolidate at the bottom of the Fibonacci support ranges. We are monitoring the price action to see if support can hold at these levels”.

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


    Daily Technical Analysis for GBPUSD as at 20h February 2013

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

    http://www.acfx.com/content/images/a...2/2002/gbp.gif

    Comments
    As previously posted “Further to the break of multi month support we are monitoring possible moves back to resistance with the initial target being the 8 period moving averages and then followed by the trend line break area as placess where shorts may be taken depending on the price action at that time”.

    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 February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390

    http://http://www.acfx.com/content/i...2/2002/chf.gif

    Comments
    USDCHF this morning is moving away from Fibonacci resistance area after rejecting this level. We are monitoring 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 20th February 2013

    DAILY OVERVIEW

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

    http://http://www.acfx.com/content/i...2/2002/jpy.gif

    Comments
    As posted previously “Once again USDJPY bounced from the area of the 8 period moving averages. We are monitoring the possibility that USDJPY makes an attempt to 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



    Daily Technical Analysis for Gold as at 20th February 2013

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

    http://http://www.acfx.com/content/i.../2002/gold.gif

    Comments
    As posted previously “Gold is consolidating at the lows. We are monitoring any move back to the Fibonacci zone as shown on the chart for a possible negative rotation”.

    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 February 2013

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

    http://www.acfx.com/content/images/a...2/2002/oil.gif

    Comments
    Oil has closed and is trading above the 8 period moving averages. We are monitoring the possibility that Oil makes an attempt to 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

  8. #8
    Atlas CapitalFx is offline Senior Member
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    Dec 2012
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    Default

    Daily Technical Analysis for EURUSD as at 21st February 2013

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



    Comments
    EURUD did not manage to hold the initial support area and is now trading towards an up trend line where we may see buying possibly coming in. Although the Swing bias is still positive a note should be taken of the recent price action which could be either a corrective Zigzag pattern which is part of a larger up move or the beginning of much lower values for this currency pair. We are monitoring the price action to see if the uptrend line does in fact become an important area for 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 21st February 2013

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



    Comments
    GBPUSD as previously commented has broken multi month support and continues to trade lower. The price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels this currency pair and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. Furthermore that GBPUSD has slashed through the 1.5270 to 1.5230 previous support areas may possibly indicate the short side is very much dominant but as always participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

    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 February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    After such a strong day for USD it is not surprising that USDCHF also reversed its negative bias. However in this case the Swiss Franc did not lose value as strongly as the other currency pairs. This may be just a case of catch up for USDCHF or it could be a possibility that another further depreciation in the Franc’s value will be resisted. We are monitoring the price action in this Fibonacci resistance area to ascertain what the possible likely short term direction is.


    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 21st February 2013

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



    Comments
    It is very much more of the same for USDJPY with the price action bouncing around the area of the 8 period moving averages. It is surprising that after such a strong day for USD that the Yen did not depreciate in value. We are monitoring the possibility that USDJPY makes an attempt to 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




    Daily Technical Analysis for Gold as at 21st February 2013

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

    http://www.acfx.com/content/images/a.../2102/gold.gif

    Comments
    Gold as previously commented has reversed its bullish swing pattern and continues to trade aggressively lower. As mentioned on today’s GBPUSD analysis the price action is now very extended from the 8 period moving averages. A similar scenario happened with USDJPY where this average has acted as trailing support. It would interesting to see if on approaches to the 8 period moving average that this chart study will possibly act as trailing resistance that repels Gold and forcing it to make a series of LL’s just as USDJPY has made a series of HH’s with little or no meaningful retracements. As always trading participating in such aggressiveness moves should be planned carefully as corrective sideways or retracement moves can and do occur.

    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 February 2013

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

    http://www.acfx.com/content/images/a...2/2102/oil.gif

    Comments
    What a difference a day makes. Oil was trading above its immediate short term averages and we were contemplating the possibility of a breach of the last isolated HH. Oil has since slashed through the short term averages and is moving into the direction of the down trend line and Fibonacci support. We will be monitoring the price action if these key support areas are reached.

    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

  9. #9
    Atlas CapitalFx is offline Senior Member
    Join Date
    Dec 2012
    Posts
    1,050

    Default

    Daily Technical Analysis for EURUSD as at 22nd February 2013

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



    Comments
    EURUSD yesterday did breach the down trend line but this was an area where some buying came into the market. The true extent of this buying should be made apparent today if today we see a significant bounce.
    We continue to monitor the price action to see if the uptrend line does in fact become an important area for 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 22nd February 2013

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



    Comments
    That GBPUSD had a good bounce off the lows yesterday was not surprising as the price action was very much extended from its short term moving averages. This morning the positive reversal has continued with GBPUSD now trading above an area of previous support being 1.5230 to 1.5270. If the price action can hold above this area of support a move to the 8 period moving averages is a possibility and this may also be an area where shorts could be contemplated. Alternatively if we trade beneath support a move to the lasted isolated LL 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 USDCHF as at 22nd February 2013

    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9205 – 0.9310
    Target 1 : 0.9020
    Target 2 : 0.8930
    Stop : >0.9390



    Comments
    The bullish momentum in USDCHF stalled a little and this morning we are seeing the first signs of some bearishness at the top of the Fibonacci resistance area. As both GBP and Gold did bounce somewhat it is not inconceivable that CHF also adds value against the USD. To ascertain the next possible direction the monitoring of the price action on lower times where one could identify Swing Low or Swing High failures may give possible clues.

    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 February 2013

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



    Comments
    As always the 8 period moving averages has offered significant support to the rise of USDJPY. This currency pair is now experiencing prolonged sideways activity. The last time this occurred was back in November and early December prior to USDJPY stellar breakout. One could possibly consider buying approaches to the 8 period moving averages as this has worked in the past or could alternatively draw lines above the top and bottom of this current congestion area and trade the break out or break down. There is a bigger picture to consider which is what is happening right now with the US Bond market and its inverse correlation with US equities and its further relation with USDJPY and capital shifting to Asia.

    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 February 2013

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

    http://www.acfx.com/content/images/a.../2202/gold.gif

    Comments
    Gold yesterday experience a good bounce off the lows which has followed through to this morning. As in the case of GBPUSD this was not a huge surprise as the price action was very much extended from its short term moving averages. A move to the 8 period moving averages is a possibility and this may also be an area where shorts could be considered. Alternatively a failure to move higher should give the bears some encouragement to push Gold 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 Oil (WTI) as at 22nd February 2013

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

    http://www.acfx.com/content/images/a...2/2202/oil.gif

    Comments
    Oil yesterday continued is move lower and as expected was attracted to the down trend line that has been discussed previously. That Oil did not breach the trend line may give the bulls some encouragement but after such an aggressive down move some good evidence is required if one is to add long term swing trades.

    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

  10. #10
    SupplAkolas is offline Junior Member
    Join Date
    Feb 2013
    Posts
    1

    Default

    [Originally From January, 2010. Not to be so harsh and nasty to Elizabeth -- she's only traveling a well-beaten path to "fame" and "more money"-- but as if to prove the point... aside from her immediate family and friends; who remembers her today?] Elizabeth ..... Meteor entering Earth's atmosphere, captured by dashboard camera from vehicle outside Chelyabinsk, Russian Federation; 9:26 AM local time, February 15, 2013 (YouTub). PRESIDENT: Was that it? Is it over?generic inks
    Last edited by SupplAkolas; 02-23-2013 at 08:08 PM.

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