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Thread: ACFX - Daily market overview 28/12/2012

      
  1. #1
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    Default ACFX - Daily market overview 28/12/2012

    Daily Technical Analysis for EURUSD as at 28th December 2012
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.3090 1.2965
    Target 1 : 1.3310
    Target 2 : 1.3385
    Stop : < 1.2875

    eur.gif

    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 28th December 2012
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : 1.6155 1.6065
    Target 1 : 1.6305
    Target 2 : 1.6620
    Stop : < 1.6000

    gbp.gif

    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 28th December 2012
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 1675 1705
    Target 1 : 1635
    Target 2 : 1590
    Stop : >1725

    gold.gif

    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 28th December 2012
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 88.80 91.50
    Target 1 : 84.00
    Target 2 : 77.25
    Stop : >93.65

    oil.gif

    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 Technical Analysis for USDCHF as at 28th December 2012
    DAILY OVERVIEW
    Trend : Short
    Ambush Zone : 0.9230 0.9320
    Target 1 : 0.9085
    Target 2 : 0.9040
    Stop : >0.9380

    chf.gif


    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 28th December 2012
    DAILY OVERVIEW
    Trend : Long
    Ambush Zone : -
    Target 1 : -
    Target 2 : -
    Stop : -

    jpy.gif

    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
    Thanks FxMassa thanked for this post

  2. #2
    Soy el Maestro de FX FxMassa's Avatar
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    Default Re: ACFX - Daily market overview 28/12/2012

    Good analysis brother

  3. #3
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    Default Re: ACFX - Daily market overview 28/12/2012

    Thanks. We will continue with daily technical analysis every day.

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