Our Preference: Sell below 1266 for the target of 1252 and 1238 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was broken the ascending triangle pattern on lower side, now gold was bounces back from key support level 50 % Fibonacci retracement level and the gold was trading near lower trend line of the triangle pattern and its trading near 38% Fibonacci Retracement levels, so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell Below1.3400 for the target of 1.3320 and 1.3260 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading in the equidistant channel lines and new lower trend line formed as key support level and its trading above the 38% Fibonacci retracement levels, so we can sell below key resistance level of upper trend line and except upto next key support level of lower trend line :- which we have shown in attached image.
Our Preference: Sell below 150.90 for the target of 149.60
Alternative Scenario: Nill
Technical Commentary: In 1 Hour Chart :- GbpJpy was formed new upper trend line in 1 hour and now its trading in the upper trend line and we got several closing near upper trend line so we can sell near upper trend line of resistance levels and we can keep stop loss above the key resistance line of horizontal line and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell below 1.1800 for the target of 1.1750 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurUsd was trading in the triangle pattern, EurUsd was failure to break the lower trend line and lower trend line was formed as the major key support level and it was bounced back from 23 % Fibonacci retracement levels and so we can keep stoploss below the lower trend line and we can have buy near key support level of lower trend line and except upto key resistance levels:- which we have shown in attached image.
Our Preference: Sell below 1.6930 for the target of 1.6670
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurNzd was broken the equidistant channel lines on lower side, after broken the lower trend line its confirm on selling side so we can sell below the lower trend line and except upto next key support levels:- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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