Our Preference: Sell below 113.50 for the target of 113.00 and 112.00 level
Alternative Scenario: Nill
Technical Commentary: In 4 hour Chart :- UsdJpy was trading below the 23% Fibonacci retracement levels and new upper trend line was formed and strong key resistance of upper trend line formed, so we can sell near upper trend line and except upto next key support level :- which we have shown in attached image
Our Preference: Sell below 0.9930 for the target of 0.9860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdChf was formed new upper trend line and now its started to trade in the triangle pattern and day before day we got closing on lower side as bearish candle so its confirming for the selling side, we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 1.2900 for the target of 1.2690 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the sideways movement between the key support level and key resistance level and now its trading near key resistance of horizontal line and its trading in the equidistant channel line and its trading below the 50 % Fibonacci retracement level, so we can sell below the key resistance and except upto next key support levels :- which we have shown in attached image.
Our Preference: Sell Below 133.30 for the target of 131.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurJpy was trading in the sideways movement between key resistance level and key support level, EurJpy was formed triple top and now new upper trend line was formed and yesterday we got closing on lower side as bearish candle, so its conforming for selling side and we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy above 0.8780 for the target of 0.8870 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurGbp was trading in the triangle pattern, EurGbp was failure to break lower trend line and 62 % Fibonacci retracement level, EurGbp was closed above the 62% Fibonacci retracement level and its closed above the lower trend line, Now the lower trend line acting as the key support level and one more think its trading in the sideways movement between key resistance level and key support level, so we can buy above the lower trend line of key support level and except upto next key resistance level :- 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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