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ACFX - Daily market overview 31/12/2012

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Daily Technical Analysis for EURUSD as at 31st December 2012

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

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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 GBPUSD as at 31st December 2012

DAILY OVERVIEW
Trend : Long
Ambush Zone : 1.6155 – 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000
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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 Technical Analysis for Gold as at 31st December 2012

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

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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 Oil (WTI) as at 31st December 2012

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

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Comments
Oil continues to trade within its Fibonacci resistance area. 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 Technical Analysis for USDCHF as at 31st December 2012

DAILY OVERVIEW
Trend : Short
Ambush Zone : 0.9230 – 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380
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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 USDJPY as at 31st December 2012

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

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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
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