Our Preference: Sell below 1.5190 for the target of 1.5100
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- EurCad was formed new upper trend line and its trading near the upper trend line and trading below the key resistance of horizontal line so we can keep stoploss above the key resistance level of horizontal line and sell below upper trend line and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell below 1.3330 for the target of 1.3120
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpChf was trading in the equidistant channel lines and last week its failure to close above the previous high of resistance and we got closing below the key resistance now the previous high acting as the key resistance level, GbpChf was trading in the ascending triangle pattern, so we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell below 1.5160 for the target of 1.4940
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurCad was trading in the equidistant channel lines and last week its failure to close above the previous high of resistance and we got closing below the key resistance now the previous high acting as the key resistance level so we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
Our Preference: Sell Below 1.5660 for the target of 1.5450 level
Alternative Scenario: Nill
Technical Commentary: In 4 Hour Chart :- EurAud was trading in the sideways movement between key resistance and key support levels and it was trading in the triangle pattern and its failure to break the resistance highs and we got closing below on lower side, so we can sell below the key resistance level of upper trend line and except upto next lower trend line :- which we have shown in attached image.
Our Preference: Sell Below 114.50 for the target of 113.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- ChfJpy was trading in the descending triangle pattern, ChfJpy was trading near the upper trend line and its failure to break the upper trend line, now its trading near 38 % Fibonacci retracement level, so we can except on selling side and we can sell near upper tend 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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