Daily Technical Analysis for Oil (WTI) as at 24th December 2012
DAILY OVERVIEWTrend : Short
Ambush Zone : 88.80 � 91.50
Target 1 : 84.00
Target 2 : 77.25
Stop : >93.65
CommentsOil 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 Technical Analysis for Gold as at 24th December 2012
DAILY OVERVIEWTrend : Short
Ambush Zone : 1675 � 1705
Target 1 : 1635
Target 2 : 1590
Stop : >1725
CommentsGold 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.
DefinitionsTrend : 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 24th December 2012
DAILY OVERVIEWTrend : Long
Ambush Zone : 1.6155 � 1.6065
Target 1 : 1.6305
Target 2 : 1.6620
Stop : < 1.6000
CommentsGBPUSD has traded down to Fibonacci support. We are monitoring the price action for any upside momentum.
DefinitionsTrend : 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 24th December 2012
DAILY OVERVIEWTrend : Long
Ambush Zone : 1.3090 � 1.2965
Target 1 : 1.3310
Target 2 : 1.3385
Stop : < 1.2875
CommentsEURUSD is trading off its highs is now bouncing off the 8 period moving average. We continue to monitor the price action for upward momentum.
DefinitionsTrend : 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 24th December 2012
DAILY OVERVIEWTrend : Short
Ambush Zone : 0.9230 � 0.9320
Target 1 : 0.9085
Target 2 : 0.9040
Stop : >0.9380
CommentsWe continue to monitor possible selling opportunities initially at the 8 period moving average followed by Fibonacci resistance.
DefinitionsTrend : 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 24th December 2012
DAILY OVERVIEWTrend : Long
Ambush Zone : 83.15 � 82.35
Target 1 : 84.60
Target 2 : 85.50
Stop : <81.65
CommentsWe continue to monitor possible buying opportunities initially at the 8 period moving average followed by Fibonacci support.
DefinitionsTrend : Current trend as defined by technical Swing Analysis
HH : Higher High
HL : Higher Low
LL : Lower Low
LH : Lower High
CofT : Change of Trend