Our Preference: Sell below 1.0040 for the target of 0.9940 and 0.9860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdChf was broken the triangle pattern on upper side and yesterday we got closing above the 62% Fibonacci retracement level so we can buy near intraday key support level and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Buy Above 1.2800 for the target of 1.2900 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 yesterday its tested the lower trend line and closed above the 38% Fibonacci retracement level so its conforming for the buying side and we can buy near intraday key support level and except upto next key resistance levels :- which we have shown in attached image.
Our Preference: Buy Above 0.6800 for the target of 0.6900 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdUsd was trading in the equidistant channel lines and its trading in the sideways movement and now new triangle pattern was formed and lower side we got one more support level of horizontal line, so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Sell below 1262 for the target of 1254 and 1248 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and its failure to break the 38 % Fibonacci retracement level and day before day the strong support was broken the lower trend line of the triangle pattern and we got closing below the lower trend line, 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 Below1.3420 for the target of 1.3300 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was formed new upper trend line and we got closing above 23% Fibonacci retracement levels, so its conforming for the selling side and we can sell near key resistance level and except upto next key support level of lower trend line :- 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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