Daily Market From ACFX.com

DAILY OVERVIEW
Trend : Short
Ambush Zone : 88.80 – 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65


Comments
Oil is now trading within the Fibonacci resistance area and closed lower on Friday. We are monitoring the reaction at these levels. A weak down thrust will put further question marks on our short technical 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 OVERVIEW
Trend : Short
Ambush Zone : 1675 – 1705
Target 1 : 1635
Target 2 : 1590
Stop : >1725


Comments
Gold traded off the Friday morning lows to end the session higher. We are monitoring the price action for potential shorting opportunities at the 8 period moving average 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 OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000


Comments
GBPUSD has traded down to Fibonacci support. We are monitoring the price action for any upside momentum.

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 OVERVIEW
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : < 1.2875


Comments
EURUSD is trading off its highs is now bouncing off the 8 period moving average. We continue to monitor the price action for upward momentum.

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 OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380


Comments
We continue to monitor possible selling opportunities initially at the 8 period moving average followed by 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 OVERVIEW
Trend : Long
Ambush Zone : 83.15 – 82.35
Target 1 : 84.60
Target 2 : 85.50
Stop : <81.65



Comments
We continue to monitor possible buying opportunities initially at the 8 period moving average followed by 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 27th December 2012

DAILY OVERVIEW
Trend : Short
Ambush Zone : 1675 – 1705
Target 1 : 1635
Target 2 : 1590
Stop : >1725



Comments
Gold is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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 27th December 2012

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : < 1.2875



Comments
EURUSD is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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 December 2012

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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 December 2012

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000



Comments
BPUSD is trading within its Fibonacci support area. Tight daily ranges during the holiday period would not be unexpected.

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 December 2012

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



Comments
USDJPY gapped and traded higher on Boxing Day and this positive move has continued through to this morning’s European session. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible.

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 December 2012

DAILY OVERVIEW
Trend : Short
Ambush Zone : 88.80 – 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65



Comments
Oil continues to trade higher within its Fibonacci resistance area and experienced a strong Boxing Day rally that has so far continue through to the European session. Technically the bias is to the short side but the current positive price action has been noted.

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 OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000



Comments
GBPUSD is trading within its Fibonacci support area. Tight daily ranges during the holiday period would not be unexpected.

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 OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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 OVERVIEW
Trend : Short
Ambush Zone : 88.80 – 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65



Comments
Oil continues to trade higher within its Fibonacci resistance area and experienced a strong Boxing Day rally that has so far continue through to the European session. Technically the bias is to the short side but the current positive price action has been noted.

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 OVERVIEW
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : < 1.2875



Comments
EURUSD is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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 OVERVIEW
Trend : Short
Ambush Zone : 1675 – 1705
Target 1 : 1635
Target 2 : 1590
Stop : >1725



Comments
Gold is trading around the 8 period moving averages. Tight daily ranges during the holiday period would not be unexpected.

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



Comments
USDJPY continues to trade higher. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible.

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 3rd January 2013

Daily Overview
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
EURUSD traded off its highs into the direction of Fibonacci support. We are monitoring a price rotation for a possible buying opportunity on lower time frames.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Technical Analysis for GBPUSD as at 3rd January 2013

Daily Overview
Trend : Long
Ambush Zone : 1.6225 – 1.6130
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.6065




Comments
The upper trend line which is formed by multi month triangle resistance is in sight and very much a target for the bulls. The first initial attempt was made but repulsed. GBPUSD is now trading within a new Fibonacci support area. We are monitoring the price action for a possible rotation back to the long side.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Technical Analysis for Gold as at 3rd January 2013

Daily Overview
Trend :Short
Ambush Zone :1675 – 1705
Target 1 :1635
Target 2 : 1590
Stop : >1725



Comments
Gold may have stalled within its Fibonacci resistance area. We are monitoring the price action for a possible resumption back to the previous down trend.

Definitions
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 January 2013

Daily Overview
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : 85.20



Comments
Oil has now put in a Higher High. Our bias has shifted to the long side. We are monitoring the price action for pull backs which would be used as possible buying opportunites.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Technical Analysis for USDCHF as at 3rd January 2013

Daily Overview
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF this morning is trading positively with Fibonacci resistance and the down trend line becoming targets where shorts could possibly be taken.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Technical Analysis for USDJPY as at 3rd January 2013

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



Comments
As previously posted, USDJPY continues to trade higher. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 -1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
EURUSD on Friday bounced in the Fibonacci support area. We are monitoring the possibility of a move in the direction of Target 1 from here.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend




Daily Overview
Trend : Long
Ambush Zone : 1.6105 - 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
We have indicated on the latest daily chart for GBPUSD the best fit for a Fibonacci set up that allows for the recent market action. If GBPUSD fails to hold within the Fibonacci support area the next possibility of support is a bounce off the downward trendline.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend




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



Comments
As previously posted, USDJPY continues to trade higher. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside moment is possible.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Short
Ambush Zone : 0.9230 - 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
As previously posted, the down trend line and Fibonacci resistance proved yesterday to be good targets. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend




Daily Overview
Trend : Long
Ambush Zone : 89.55 - 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : 85.20



Comments
As previously posted, Oil has now put in a Higher High. Our bias has shifted to the long side. We are monitoring the price action for pull backs which would be used as possible buying opportunities.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1675 - 1705
Target 1 : 1635
Target 2 : 1590
Stop : >1725



Comments
Gold on Friday breached Target 1 but has since aggressively traded away from that level. Although the bias is still negative we have noted Friday’s bullish close.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 - 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
EURUSD continues to trade away from the Fibonacci support area. We continue to monitor a possible move to Target 1

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 1.6105 - 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



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



Comments
USDJPY this morning is reversing from its highs. If today’s candle closes beneath the low of the most recent isolated high then we would monitor the possibility of a move to support. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside momentum is possible

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Short
Ambush Zone : 0.9230 - 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
The down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 89.55 - 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20



Comments
Our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1660 - 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695



Comments
We have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
EURUSD continues to trade around the Fibonacci support area. We continue to monitor a possible move to Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 1.6105 – 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
As previously GBPUSD yesterday held Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

Definitions
HH Higher High
HL : : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1660 – 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695



Comments
As previously posted, we have indicated a possible new Fibonacci short set up. However the aggressive rejection of the last down move has been noted. We suggest further confirmation is required before entering the market.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20



Comments
As previously posted, our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
As previously posted, the down trend line and Fibonacci resistance continues to provide good resistance. We are monitoring for price rotation at these levels which would signal a possible resumption of the down trend.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 85.05 – 83.10
Target 1 : 88.35
Target 2 : 85.50
Stop : <81.65



Comments
Yesterday we had a close beneath the low of the last isolated high. We are monitoring the possibility of a move to support. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside momentum is possible

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 - 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
As posted yesterday. EURUSD continues to trade around the Fibonacci support area. A reaction may also occur as the price action approaches the upward sloping trend line. We continue to monitor a possible move to Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend


Daily Overview
Trend : Long
Ambush Zone : 1.6105 - 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
GBPUSD has opened negatively this morning of what maybe the third straight down day. However we are still very early into the session with London yet to open therefore reasonably this pair still has time to close higher. The price action continues to trade within Fibonacci support. We are monitoring a possible move to Target 1. If GBPUSD breaks down from these levels there is a possibility of a bounce off the downward sloping trend line.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend


Daily Overview
Trend : Long
Ambush Zone : 85.05 - 83.10
Target 1 : 88.35
Target 2 : 85.50
Stop : <81.65



Comments
The close beneath the low of the last isolated high was negated by subsequent price action with the 8 period moving average offering support. We are monitoring the possibility USDJPY trading above the last high. A failure to achieve new highs however may herald a move to Fibonacci support. The bias is to the long side with the preferred entry points being around the 8 and 34 period moving averages and the then Fibonacci support. However with such strong news based move further upside momentum is possible.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 0.9230 - 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF has this morning open positively with an open above the downward sloping trend line. We are however still trading within Fibonacci resistance. We continue to monitor the price action at these levels for weakness which would signal a possible resumption of the down trend

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend


Daily Overview
Trend : Long
Ambush Zone : 89.55 - 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20



Comments
Oil is experiencing a tight consolidation at the highs. As previously posted, our bias on Oil is long but with a preference to enter the market at Fibonacci support. However Oil has continued to trade at its highs which may possibly indicate further upside momentum.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1660 - 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695



Comments
After such high recent volatility Gold has experienced a fairly tight range. We are now in Fibonacci resistance. We are monitoring the price action for signs of weakness that may indicate a possible resumption of the down trend into the direction of Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 - 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
Yesterday afternoon we saw a strong move away from Fibonacci support into the direction of Target 1. We continue to monitor a possible move and breach of Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 1.6105 - 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
GBPUSD yesterday saw a strong positive reaction and move away from Fibonacci support. We continue to monitor a possible move to Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



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



Comments
USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is long but with no Swing set up for the time being.T

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 0.9230 - 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF yesterday experienced a strong negative move away from Fibonacci resistance.We continue to monitor the price action for a possible move to and breach of Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 89.55 - 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20



Comments
Oil attempted to breach the downward sloping trend line only for the move to be rejected. We are monitoring the price action for a number of possible scenarios the most obvious being a further attempt to breach resistance or a pull back towards Fibonacci support.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1660 - 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695



Comments
Yesterday we saw a strong positive move into Fibonacci resistance. We continue to monitor the price action for signs of weakness and possible resumption of the prior down trend.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend

Daily Overview
Trend : Long
Ambush Zone : 1.3090 – 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : <1.2875



Comments
Target 1 has been breached. We are monitoring the price action for further possible trade set up.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend


Daily Overview
Trend : Long
Ambush Zone : 1.6105 – 1.5945
Target 1 : 1.6385
Target 2 : 1.6620
Stop : <1.5825



Comments
After pulling back towards Fibonacci support GBPUSD has this morning open marginally positive. We are monitoring for a possible move to Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 1660 – 1680
Target 1 : 1625
Target 2 : 1590
Stop : >1695



Comments
Friday saw a weak rejection of Fibonacci resistance. We are monitoring for a possibility for Gold to push further into the direction of Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Long
Ambush Zone : 89.55 – 87.00
Target 1 : 93.80
Target 2 : 100.40
Stop : <85.20



Comments
Oil has traded around the highs for a number of sessions. We are this morning monitoring the possibility of the Oil making a further attempt at breaching the downward sloping trendline

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



Daily Overview
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9080
Target 2 : 0.9040
Stop : >0.9380



Comments
USDCHF has made one attempt to breach Target 1 only to marginally fail to reach that price level.We continue to monitor the price action for a possible move to and breach of Target 1.

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend



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



Comments
As previously posted, USDJPY continues to trade higher with only brief pauses of consolidation. Our bias is long but with no Swing set up for the time being.T

Definitions
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend